Timidaves:
This is a super stupid way of generating revenue..they worked for their money nd deserve to spend it on anything they want so far the money is theirs.
Those ppl supporting this move. A lot of u have been praying to to be successful In life nd if by God's grace u become super rich nd then decide to spoil urself with a luxurious car like a Rolls Royce or Bentley.then someone comes from nowhere nd decides to tax you because u bought a luxurious car or mansion. Put urself in their shoes man.
our leaders are stupid.
If u want to increase revenue from tax, create an enabling environment for businesses to develop so that more business will come up nd therefore more companies to collect tax from .simple logical reasoning they don't have stupid people
And they should also learn to fight corruption so that the revenue generated won't go into the wrong hands

Timidaves:
These rich people also pay personal income tax which is far higher than some people's annual income.
Their companies also pay large amounts of money to the government as tax
Abeg let the rich enjoy their Money

ithink7:
Same mentality that led to the recession.

Did you notice how the FDI fell sharply by 41%.

Find the news here:
https://www.premiumtimesng.com/news/headlines/232121-nigeria-foreign-investment-inflow-declines-41-per-cent-lowest-in-ten-years.html

Same gov claiming to have retrieved billions from whistle blower, yet borrowing.
You want to take from the rich to give the poor. That policy is well known in economic circle with it's dire consequences. Ask Zimbabwe.

If you're a businessman, you'll know how business people think.
Btw, if you have 20m naira, Canadian embassy will give you visa. I know what I'm saying.

nikeballing:
Billionaire pastors,imams and traditionalist should be exempted though,the private jets are used for missionaries,evangelism and God's work

braveboy64:
that's good,let them feel what the poor are going through

Asour:


Really? But what did they do bad? Becoming rich?
You too could be on that side(become rich) one day and then would see this general demonization of the rich as unhealthy. The rich actually contribute to the lives of the common man in more ways than you realize.

@ the Topic, The issue has never been about the AMT. of tax revenue the government of raises. What % of the tax revenue would be put to judicious use [that's the big question].?
If this is not questioned , what this policy would succeed in doing is to make more money available for thieves to steal.

And as for the rich, trust me they'll do just fine. For one they have the machinery to institute all sorts of tax avoidance schemes to navigate the potential liabilities.
The so called 'poor man' may bear the brunt of these initiatives.

Again the broad demonization of the rich does no one any good.
.

Timidaves:
This is a super stupid way of generating revenue..they worked for their money nd deserve to spend it on anything they want so far the money is theirs.
Those ppl supporting this move. A lot of u have been praying to to be successful In life nd if by God's grace u become super rich nd then decide to spoil urself with a luxurious car like a Rolls Royce or Bentley.then someone comes from nowhere nd decides to tax you because u bought a luxurious car or mansion. Put urself in their shoes man.
our leaders are stupid.
If u want to increase revenue from tax, create an enabling environment for businesses to develop so that more business will come up nd therefore more companies to collect tax from .simple logical reasoning they don't have stupid people
And they should also learn to fight corruption so that the revenue generated won't go into the wrong hands

NORSIYK:



The drug lord himself (tinubu) comes to mind and master of iberiberism (Okorocha)

docadams:


Very good suggestions but I will rather suggest houses above #10m an cars above #5m

Xilefcars:




You are just a poor fool, bro. You no get money, you no cum get sense join. Your future is finished, bro. Sense fall on ur coconut head there!!!

ithink7:
You guys are not smart.

Rich people will move to another country with their money. What happen next? Economy will collapse. Then the blame game continue.

You think America, Canada, Europe are stupid for making it easy for rich and successful people to come to their country.

Try this, if you have at least 10m naira cash, maybe 20m. Go to Canadian embassy and see how fast they'll grant you visa.

braveboy64 ImperialYoruba amaechi1 ayomilore TheEconomist omoteacher

jayfolarin:


They worked for their money? For the crookedly distributed oil Wells? The fuel subsidies? The intentional sabotage of companies and public infrastructures for their pockets? You are clearly delusioned by the idea of 'I go make am' and do whatever I want too! What patheticness!!

The people that have been praying to God to be successful and eventually become that will have to pay their own shares of taxes to the government for the benefit of all!

If you have no idea about luxury taxes and how it can be beneficial to the general populace, you should read up on it and stop sounding like an illiterate.

Lankybaby:
davido and likes who owns private jet

Adeitanajoke:


Zainab Ahmed, minister of finance, says owners of yachts and private jets will begin paying luxury items from 2019.

Addressing a press conference in Abuja on Monday, the minister said excise duties would be introduced in some areas while taxes would be reduced for small and medium enterprises.

“We are exploring the way to increase taxes as well as reduce taxes in some sectors. For Small and Medium Enterprises, what will happen is to reduce taxes. But there are some special taxes that we will be looking at imposing,” she said.

“For example, luxury taxes. If you have a private jet, we will be taxing you specially for that. If you have a yacht, we will be charging you for that and also in terms of excise duties, there are also some new areas where excise duties will be introduced.

“We haven’t got all the approvals but one of the major areas might be that of carbonated drinks produced in the country.”

According to Ahmed, the Whistleblower Unit has recovered over N8.5 billion and $465 million among others from the 1,051 investigations conducted from tips received.

“Based on verification outcome by the Presidential Initiative on Continuous Audit (PICA), we have also paid over 2,000 former workers of our defunct national carrier- Nigeria Airways Limited,” she said.

Patience Oniha, director general of the Debt Management Office; Mary Uduk, acting director general of the Securities and Exchange Commission (SEC), Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS) were also present at the briefing to give an account of the activities of their agencies.

https://all-gists..com/2018/12/billionaire-with-private-jet-yacht-to-pay-luxury-taxes-from-2019-zainab-ahmed.html

Adeitanajoke:


Zainab Ahmed, minister of finance, says owners of yachts and private jets will begin paying luxury items from 2019.

Addressing a press conference in Abuja on Monday, the minister said excise duties would be introduced in some areas while taxes would be reduced for small and medium enterprises.

“We are exploring the way to increase taxes as well as reduce taxes in some sectors. For Small and Medium Enterprises, what will happen is to reduce taxes. But there are some special taxes that we will be looking at imposing,” she said.

“For example, luxury taxes. If you have a private jet, we will be taxing you specially for that. If you have a yacht, we will be charging you for that and also in terms of excise duties, there are also some new areas where excise duties will be introduced.

“We haven’t got all the approvals but one of the major areas might be that of carbonated drinks produced in the country.”

According to Ahmed, the Whistleblower Unit has recovered over N8.5 billion and $465 million among others from the 1,051 investigations conducted from tips received.

“Based on verification outcome by the Presidential Initiative on Continuous Audit (PICA), we have also paid over 2,000 former workers of our defunct national carrier- Nigeria Airways Limited,” she said.

Patience Oniha, director general of the Debt Management Office; Mary Uduk, acting director general of the Securities and Exchange Commission (SEC), Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS) were also present at the briefing to give an account of the activities of their agencies.

https://all-gists..com/2018/12/billionaire-with-private-jet-yacht-to-pay-luxury-taxes-from-2019-zainab-ahmed.html

martineverest:


oyedepo and adeboye come to my mind

sholatech:
Good Strategies.

Tax the Super Rich and Reduce taxes for small businesses and low-earning workers.

TheEconomist:
They should pay for houses and cars too.

Taxes should be paid for luxury cars and any house worth more than 100 million Naira.

Asour:


Really? But what did they do bad? Becoming rich?
You too could be on that side(become rich) one day and then you would see this general demonization of the rich as unhealthy. The rich actually contribute to the lives of the common man in more ways than you realize.

@ the Topic, The issue has never been about the AMT. of tax revenue the government of raises. What % of the tax revenue would be put to judicious use [that's the big question]?
If this is not questioned , what this policy would succeed in doing is to make more money available for thieves to steal.

And as for the rich, trust me they'll do just fine. For one they have the machinery to institute all sorts of tax avoidance schemes to navigate the potential liabilities.
The so called 'poor man' may bear the brunt of these initiatives.

Again the broad demonization of the rich does no one any good.
.

abokikhalifa:


Why should dey feel what the poor are going through ? Did God created everyone equally all you need to do is work your way to the top.