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Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years (7849 Views)

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Re: Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years by Osoboshi: 2:20pm On Oct 18, 2023
spiSeyi:
Layman will see this as favoritism by the government of the day and an entrepreneur or would-be entrepreneur will see it as the benefit of being an I quadrant entrepreneur cool . The MIDAS touch
tax this companies the move their factory abroad the economy becomes worse .
But as expected nonentities will think uts favouritism,same thing is applicable in the us

2 Likes

Re: Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years by Osoboshi: 2:23pm On Oct 18, 2023
SeaTrade:
If Dangote shuts down just one of his plants in Nigeria, Can the poor or the market woman/women employ all of that Labour force that'll become jobless and add to Nigeria's burden or the forex crises it'll cause?
Doesn't he deserve more incentives than the poor? undecided
agba economist its nice seeing guys like commenting here
Re: Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years by Osoboshi: 2:29pm On Oct 18, 2023
Basicend:


Not baseless in any way.

Every non-sentimental observer knows that Dangote's exceptional height in the Nigerian business space was based on biased governmental priviledges and not business ingenuity. He has been very close to power-players for many years. .

Yes, tax waivers and COT concessions can be granted to any viable business concern but do you know how many (synergies) have tried to invest in Cement industry and were frustrated by so called governmental policies?

Even the refinery thing, are you telling me that we don't have indigenous and (DFI) direct foreign investors that have wanted to float a viable oil refinery in Nigeria?

Did you skip the dollar cornering thing? Do.you know how many times the CBN (Emefiele-governed) had borrowed monies from foreign windows and Nigeria payed back the interests, just becoz Dangote needed to complete a core project?

To say that Dangote did not benefit from unfair governmental or political leverages is not valid sir.

Nigeria is not what you think.



can u back what you said with evidence,I will be glad to see
Re: Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years by EngGandalf: 3:10pm On Oct 18, 2023
athaboi:
A very useless country...the rich keep getting richer while the poor die in misery! The same country where market women have their goods confiscated bcoz of local govt levy and road safety charges you 10k just bcoz your break light isn't functional is where dangote who is exploiting the masses with his monopolistic goods is allowed to go on tax holiday! Pathetic
No b matter of country. That’s how the world works.. Get money
Re: Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years by pepericozi: 3:26pm On Oct 18, 2023
And civil servants are paying heavy tax on their meager salary monthly.

God deh o

.
Re: Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years by mystery22: 4:42pm On Oct 18, 2023
And you wonder why he is the richest man. In a sane country Dangote wouldn’t lace the feet of real businessmen. Govt boy
Re: Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years by PrettyIfy7: 7:03pm On Oct 18, 2023
The same stupid government that wanted to use excessive tax to kill Innoson's business.
One Nigeria indeed.
Re: Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years by Growing(m): 7:12pm On Oct 18, 2023
If these giant companies get tax waivers, should I be paying tax?
Re: Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years by Calitoscassius(m): 7:47pm On Oct 18, 2023
More money shearings amongst greedy corrupt thieves! And the poor masses are chearing them to the rafters. grin
Re: Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years by Yestogood: 8:28pm On Oct 18, 2023
Chijeep:
What Buhari did for Dangote ehnnn... even a father can't do it for his son

There will definitely be some form of profit sharing agreement hidden somewhere.

1 Like

Re: Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years by sweetrace(f): 8:56am On Oct 19, 2023
INTEGRITYA1:
Real Estate Companies should also be consider for tax holiday. No Real Estate Companies was mentioned in the report.
Na watin happen.

The real estate organisations need to know about taxation. By law, they can enjoy tax exemptions for three years.

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