Minister of Finance, Mrs Kemi Adeosun, has said the Federal Government would soon start collecting luxury taxes.

Addressing newsmen at the annual meeting of the World Bank and International Monetary Fund (IMF) in Washington DC on Sunday, Mrs Adeosun said people with higher income must bear a greater part of the tax burden.


“The luxury tax planned by the Federal Government is being finalised now because it cuts across the ECOWAS. There is a legal process you must go through, including the customs union, to actually vary the specific taxes.

“The problem we have in the country is not just that the system needs to be overhauled, it is also that people are not complying and this is because there is no consequence. We have just started with Voluntary Assets and Income Declaration Scheme (VAIDS) as a measure to tackle that and the response is impressive.


“In any tax system, the burden must be borne by anybody whose income allows to bear it, so those with higher income should by definition, bear a greater part of the burden,”she said.

The minister disclosed that some rich people had approached her to speak to their governors about taxes payable to state governments.


“In fact, people have started declaring and I have had a number of approaches from high networth people asking me to speak on their behalf, to state governors, to allow them time to comply because their personal taxes are payable to state governments.

“I have encouraged every governor that everyone who comes to declare should be given enough time to pay up. This is because the amount of tax that they would have to pay is big.

“Whether taxing the rich will increase public revenue or not, it is all about public revenue to which they are obligated for public services.

“The problem currently is that those at the lower level are the ones paying. If the man in the traffic control, with little income will pay at source, why should we not pursue the billionaire or the trillionaire to pay out of the income? We need to change the mindset in the country with regard to tax system,”she explained.

In August, Adeosun announced that the Federal Government had signed a policy to tax first class and business class air tickets alongside other luxury goods.

Christine Lagarde, IMF managing director, had earlier said that making the rich pay more taxes will not solve the problem of inequality in the world and advised countries to reduce the gender gap between men and women.


However, Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), said women have not been approaching the bank to access the funds set aside for small and medium scale entrepreneurs.

“Of course, I am a man, but, I need to say there is a need to support women. In our Micro, Small and Medium Enterprises (MSMEs) funds of N220 billion, 60 per cent is reserved for women, but we are not even seeing the women coming,” he said

Adeosun also called for the creation of more opportunities for women saying “investing in women is the best investment any country can make”.

http://www.akelicious.com/2017/10/rich-nigerians-must-pay-more-tax-says.html

the money they will soon embezzle



paying tax in Nigeria is like paying tithe to yahoo yahoo pastors



jet flying pastors
.

We moved from having a clueless President to having a clueless administration.
Instead of utilizing what they have which is already huge for capital they are busy requesting more from those most affected by their inefficiency.

Can I use the toilet....?

Trust me. She is right. But unfortunately, Nigerians hate paying taxes. They dont see the need to as the environment doesnt reflect such. It is a vicious cycle and it makes it difficult for everyone of us.

Well, still looking for a job? Need easy HR? See my signature and do the needful.

Smartjob1:
Trust me. She is right. But unfortunately, Nigerians hate paying taxes. They dont see the need to as the environment doesnt reflect such. It is a vicious cycle and it makes it difficult for everyone of us.

Well, still looking for a job? Need easy HR? See my signature and do the needful.

what are our taxes used for?? Answer

I nominate Kemi Adeosun for the award of the World's Worst Minister of Finance.

Vutseck:
Beautiful woman ...chai


to bleep this lady just they hungry me
.

to suck the kpeku ba?

Smartjob1:
Trust me. She is right. But unfortunately, Nigerians hate paying taxes. They dont see the need to as the environment doesnt reflect such. It is a vicious cycle and it makes it difficult for everyone of us.

Well, still looking for a job? Need easy HR? See my signature and do the needful.

Why should anyone trust you when you don't even know that Nigerians pay some of the highest tax in the world? Do you even know how much your boss removes from your salary as tax?