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Nairaland Forum / Nairaland / General / Politics / I Earned N60.2m In Three Years, Atiku Tells INEC (31152 Views)
NNPC Has Been A Cesspool Of Endemic Corruption For Years – Atiku / Re-elect Buhari If You Got Better Life In The Past Four Years ~ Atiku / My Certificates, Credentials Are With Military - Hamza Al-Mustapha Tells INEC (2) (3) (4)
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Re: I Earned N60.2m In Three Years, Atiku Tells INEC by rexstar123: 2:21pm On Oct 26, 2018 |
i still do not understand simple english. this is atiku's personal income tax earnings in the last 3years, its doesnt in anyway dispute him from being a billionaire. for example, Warren buffet is a billionare with assets above $50billion bt his take home per month is $100,000. please lets us remove sentiments and think ahead |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by frugal(m): 2:27pm On Oct 26, 2018 |
GoodGovernance:You're very ignorant about how big corporate businesses work. In fact you're so ignorant that I will not bother educating you. You can continue wallowing in your ignorance. Mark Zuck earns $1/annum. Facebook takes care of all his expenses. In 2011, he got $783,529 from Facebook just for expenses like travels, security. Facebook owns a private jet which mark uses to travel round the world, and so many other perks that come with owning a successful company. I have a tech company that takes care of all my major expenses like rent, travels and cars. I earn zero salary, only bonuses. And guess what? Everything is reported in our book, and there's nothing shady about it. It's standard business practice. Businesses are allowed to take care of their employees however they see fit. That's why big companies can afford to buy official cars for employees, send them abroad for vacations and trainings, pay their rents, etc. I said I wasn't going to school your partisan a*ss, but I just couldn't resist. Can you please read? *modified* I just went back to see your posts (something I rarely do) and noticed you're one of those zombies they talk about on Nairaland. No wonder you chose to be ignorant. You will not get anymore response from me. |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by thatigboman: 2:30pm On Oct 26, 2018 |
PapalsBull:because they dont have it |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by Nobody: 2:57pm On Oct 26, 2018 |
Ovamboland: Trust me, even in America, people avoid tax - LEGALLY. It has nothing to do with patriotism, or gaming the system - its simply wealth management. Even Apple has $252 billion parked outside the USA using transfer pricing and offshore tax havens. Let's look at this logically, I go out on a limb to take risks in business. After facing all manners of risks and difficulties, my company pays a substantial tax on it's earning, and if I take a significant chunk of those earnings as dividends, I get taxed a second time under personal income tax. It makes little sense to sit still, when there are perfectly legal avenues to reduce my tax liabilities. How is what I have described different from reducing your personal tax burden by buying life insurance, or increasing your voluntary contributions to your pension funds? How is it different from companies deliberately taking loans to reduce their tax burdens? |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by michlins(m): 6:21pm On Oct 26, 2018 |
Praktikals:he's a businessman and it's corporate business. How about the saint that has 150 cows and yet afford to buy a 15ml form. |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by michlins(m): 6:27pm On Oct 26, 2018 |
ofwest47:ssint Buhari wife arrested her adc for dupping her of #2.5bn. Her only business na spa |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by Olumeme: 7:55pm On Oct 26, 2018 |
bamidelee:Alaye rada rada |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by Nobody: 8:37pm On Oct 26, 2018 |
Olumeme:baba e ni moje |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by Academicwizman(m): 9:10pm On Oct 26, 2018 |
Bagehot: You are very correct my brother. There are loopholes in the tax system that one can exploit legally but underdeclaring taxable income is not one of them. Like I said earlier, nobody can determine whether he had legally exploited the law or otherwise but one very valid means of verifying the authenticity of income delared is by looking at the lifestyle of the individual in question. To me personally, it appears that there is a huge gap between his lifestyle and the personal income delared. Notwithstanding, mere suspicion is not a good ground to determine whether he underdeclared or not. The Adamawa State IRS or wherever the law stipulates he pays his tax (e.g. based on residency rule) may need to be more proactive to shore up the State's IGR. I expected them to get more tax from Atiku. |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by duwdu: 12:05am On Oct 27, 2018 |
Gorem2013: Savage. ........ P34c3 ..... ... |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by Felixv: 2:09am On Oct 27, 2018 |
BIAFRONIGERIAN: EARN --that is the key word --YOU ARE TAXED ON WHAT YOU EARN. when they borrow ---they borrow money to earn money. you cannot borrow money to buy an asset that does not yield an income. Now you might say 'but it is the company that borrowed the money' --as a director he is earning a salary and also being paid dividends. The bottom line is, he grossly under declared his earning |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by emezuo17: 5:58am On Oct 27, 2018 |
Misterdhee1:. No need for the insult, your man retired since 1984, meaning he has been a private citizen since then, apart from the ptf chairman stuff, why are APC and Buhari supporters so aggressive when hit with facts. Good bye |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by 0monnak0da: 9:34am On Oct 27, 2018 |
Warren Gates, One of the richest men on earth pays less tax than his secretary, why? https://money.cnn.com/2013/03/04/news/economy/buffett-secretary-taxes/index.html People who do not understand these issues should keep their mouths shut 1 Like |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by kinglato(m): 8:05pm On Oct 27, 2018 |
All this jobless youth that are shouting Atikulating were once shouting Bubu before 2015......zombies will never learn their lesson. Odensins. |
Re: I Earned N60.2m In Three Years, Atiku Tells INEC by Chizzyferd(m): 9:40pm On Jan 18, 2019 |
Sometimes we criticize without understanding what we read, atiku said his personal earning in 3 years was 60 million he never said his company earn 60 million in three year a simple maths shows that there are 36 months in 3 year That is 60,00000÷36= #1.6 million Per month as his personal take home monthly |
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