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Nairaland Forum / Nairaland / General / Politics / NEWSBREAKING: President Buhari Releases Executive Order 8 (14796 Views)
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Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by israelmao(m): 6:45am On Oct 11, 2018 |
But let it not be this target.
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Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by orobs93(m): 6:45am On Oct 11, 2018 |
tempest01: are you sure about this ? I think some countries do eg footballers |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by whytediamond(m): 6:45am On Oct 11, 2018 |
Angrydaveed: Nairaland spacebooking monitoring Committee chairman. You're doing a great job bro. I hope you are not a monitoring spirit in the other world too. Your job is quite interesting. Keep up the good job. Ya reward is with me as Presido |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Nobody: 6:46am On Oct 11, 2018 |
So this man just realized he can bypass the senate to do some things......Nigeria my Nigeria....all na political stunt.... Thunder will fire all of Una last last 2 Likes 1 Share |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Jeezuzpick(m): 6:49am On Oct 11, 2018 |
Which kind of tax is this? Offshore assets are in a different country! Please, anyone, tell us which country is doing this successfully, mbok! How will someone have a hotel in South Africa and pay tax to Nigerian Government? This seems like a mad scheme to me o! 1 Like 1 Share |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Nobody: 6:50am On Oct 11, 2018 |
Whe are most Nigerians myopic in their thinking? None of these people who commented earlier do not know that this new Executive Order is meant to checkmate the excesses of our corrupt ex-generals that own oil wells. Na wa o, no be only leadership problem we get, followership problem dey too. 4 Likes 1 Share |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Nobody: 6:53am On Oct 11, 2018 |
tempest01: I think it's done by Ireland and US...but I don't think it's about people who pack their bags and relocate abroad to go start a business...I think it's for people who own business and pay tax in Nigeria...and still have offshore companies .speaking about dangote, zenith bank, Gtb...etc.....all na to generate more money to steal...we all know the end..may God help us.. |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by milemimi93(m): 6:56am On Oct 11, 2018 |
divinehand2003:Great 1 Like
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Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Nobody: 6:57am On Oct 11, 2018 |
shame, this is a witch hunt bill. designed to impoverish the nation. |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by BruncleZuma: 6:59am On Oct 11, 2018 |
Alapafaari: Like the one with a money hungry family without a source of income...yup we know. |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Nobody: 7:00am On Oct 11, 2018 |
Alapafaari: ffriend, you can only pay tax when you stay for more than 183 days in a locale, this bill amounts to double taxes, its a witch hunt bill. taxes should not be used ad a punitive instrument by corrupt govt. |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by theoldpretender(m): 7:00am On Oct 11, 2018 |
tete7000: 1.Fitch, the ratings agency, is the source of the break-even price. It varies by country. 2.Oil has been above $80 for a long time, and has fallen below 75 too, between 2008-10, and 2014-18..From 2010-14, oil was above $90. 3.Buhari govt is not doing well because low oil prices. They are not doing well because they keep us dependent on oil 2 Likes 1 Share |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Felixv: 7:01am On Oct 11, 2018 |
Currently tax contributes only about 6% to our GDP — a very low figure, what this implies is that over the years Nigerians have not been paying taxes Government needs multiple streams of income to help build the kind of infrastructure that would help develop this country - infrastructure that wound help attract the type of mega- companies that would employ thousands of our unemployed youth. We cannot hide from the fact that we are a consumer society and we practically import most of our needs. The other day I sat in a bar watching people order foreign liqueur, using expensive foreign phones while dressed in the latest foreign gear - all sign of a looming disaster. No type of voodoo economics ( or articulate bs) will help this county. We just need to make sacrificies to develop our infrastructure- 16yrs of pdp did not do that. Taxing those Nigerians with foreign assets is a good move - first it would help reduce the incident of money laundering and secondly it would bring about some fairness - why should only salaried government (and registered private companies)workers be the only ones paying tax. 1 Like |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Nobody: 7:01am On Oct 11, 2018 |
Jeezuzpick: no you can understand why our govt does nothing to protect its citizens abroad and nothing to encourage their retun home. |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by grandstar(m): 7:04am On Oct 11, 2018 |
This is either a complete draft and reckless attempt to deal with corruption and tax evasion or a very damaging attack on Atiku. This will simply cause far more harm than good. The law I sense is to hit at money being repatriated into the country by politicians for campaign purposes. All the law really does is to encourage the diversion of the money into neighboring countries and then into Nigeria as cash. This further enlarges the underground economy or the informal sector. This is nothing more than throwing the baby out with the bath water |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Edusouls(m): 7:07am On Oct 11, 2018 |
wahala don dey, baba don strike back at a very dangerous place, looters and kabals in pdp water don pass garri ooo..sai buhari tilll 2023,,this is a GOODMAN.. |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by naijanative: 7:12am On Oct 11, 2018 |
Why should they pay tax when there's nothing to show for it? |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Splasshhh(f): 7:13am On Oct 11, 2018 |
, |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by PHILipu1(m): 7:16am On Oct 11, 2018 |
whytediamond:Sai Baba
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Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Tomoyayi(m): 7:16am On Oct 11, 2018 |
tempest01: Do you think the dullard knows what double taxation is? |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by bejeria101(m): 7:19am On Oct 11, 2018 |
Panic mode of a dullard! Make sure you dnt have any cos it would be found. Puppet president |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by PassingShot(m): 7:23am On Oct 11, 2018 |
Zi:Did you read the content of the EO? |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by donsheva: 7:26am On Oct 11, 2018 |
You can. so many countries do it, thats why there is something called Double Taxation. tempest01: |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Smile4daddy(m): 7:28am On Oct 11, 2018 |
whytediamond:Beautiful Norsense Comment. At your first paragraph you make some sense While the 2nd paragraph you display some level of stupidity and that shows where you belongs On The Side Of HATE. You will never see any of his good works while you are on the side of HATE. 2 Likes 1 Share |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Plawrentino(m): 7:36am On Oct 11, 2018 |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by capitalzero: 7:48am On Oct 11, 2018 |
Payment of income tax by foreigners to their country of origin is standard practice. But taxing assets of individual in a foreign nation is a big no. This order cannot work as most politicians across party lines have undeclared assets in abroad. Also, these assets are held by proxies who are relatives, friends or foreigners. No politician will come out to declare any foreign asset and it will take court years for such cases to be resolved. Buhari advisers are myopic, paranoid and parochial. This order will even make a lot of billionaires irrespective of their political affiliations or nationalities gang up against Buhari re-election. 1 Like |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by capitalzero: 7:50am On Oct 11, 2018 |
divinehand2003: Payment of income tax by foreigners to their country of origin is standard practice. But taxing assets of individual in a foreign nation is a big no. This order cannot work as most politicians across party lines have undeclared assets in abroad. Also, these assets are held by proxies who are relatives, friends or foreigners. No politician will come out to declare any foreign asset and it will take court years for such cases to be resolved. Buhari advisers are myopic, paranoid and parochial. This order will even make a lot of billionaires irrespective of their political affiliations or nationalities gang up against Buhari re-election. |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Beat123(f): 7:55am On Oct 11, 2018 |
whytediamond:he’s going after Atiku!! Even pmb wife has offshore assets... they guy is just going to do it one sided that’s just my problem. |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by Niseamaka(m): 8:09am On Oct 11, 2018 |
divinehand2003: There’s no harm in dreaming. |
Re: NEWSBREAKING: President Buhari Releases Executive Order 8 by tete7000(m): 8:18am On Oct 11, 2018 |
theoldpretender: Ok you mean break even based on country's spending and management pattern? Ok, I understand that. If going by the way our government waste resources we might need that much to break even, the only caveat is that the higher the revenue we earn, the higher our break even because the more insatiable we will become. You mentioned it varies by country, have you wondered why? Because some are more prudent with the use of the little earnings they get. Stop justifying failure of Buhari's govt on low revenue, the fact is that he who cannot be trusted with little, if you give him much, he will filter it away. This govt lacks capacity to manage resources. Oil price has been on the upward swing for sometime now, yet all you get is lame excuse of low earnings. The little they got, let them show what they did with it. Finally, three years is too little to access what oil price should look like, it is why I give you forty years to calculate and average. That way you get a realistic price pattern. I have a good knowledge of oil price pattern because I hold a degree in a field related to that. |
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