As part of government effort to block financial leakages, the Federal Government has announced plans to soon commence tax-audit of all firms operating in the country. This according to the Federal Inland Revenue Service, FIRS, is to apprehend companies that have been evading tax payment and set the record straight. The FIRS in a statement issued by the Director, Communications and Servicom Department, Mr. Emmanuel Obeta, explained that the decision to carry out the exercise was reached at a meeting between the Acting Executive Chairman, FIRS, Mr. Babatunde Fowler; audit firms, chartered accountants, tax consultants and other professional service providers. The statement added that a special audit of all companies would be carried out, in collaboration with stakeholders within thirty days and would take into consideration the various year ends and peak points of activities of various companies. Fowler in the statement said the collaboration was necessary for the expansion of the nation’s tax net, information dissemination, building capacity of tax administration as well as sharing information that would and mark a turning point for taxation in Nigeria.