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Celebrities / Re: Destiny Etiko Transformed Her Childhood Home Into A Luxurious Mansion (video) by joey150(m): 10:12pm On Dec 27, 2021
UyaiIncomparabl:
Destiny, show me the way na.
If them show you, you go gree pass?
Fashion / Re: Comfort Iraya Emerges Most Beautiful Girl In Abuja 2021 (Pictures) by joey150(m): 3:26pm On Dec 18, 2021
I don f up.

If I know say na Alex report thread I for no open am.

Unnecessary pictures everywhere. grin

27 Likes 2 Shares

Car Talk / Re: Maintenance Tips On Cars. by joey150(m): 4:49pm On Dec 16, 2021
Any help or ideas would help.

The key fob on a lexus rx 300 suddenly stopped working.

I had a fix done on one of the windows that wasn't winding down only to get home to discover that pressing the remote keys does nothing. I am positive that the remote battery isn't dead.

Any ideas or pointers would really help.
Nairaland / General / Re: Mention One Mistake You Made That Cost You Alot In Life. by joey150(m): 10:00am On Dec 14, 2021
Homeandaway:
I helped a colleague at work. housed and fed her because her residence was far and commuting to and fro work daily was difficult and costly for her. She robbed me blind. My laptop, Iphone and money. Laptop had all my lifeswork, manuscripts, soundtracKs, screenplays, travel documents and saved passwords. She claimed to be ill on a workday, so she stayed home while i went to work. The rest is history.

Never take a work colleague, stranger, acquaintance, church member or even friend to your house. it never ends well.

Keep your relationships at arms length. Trust NOBODY

This is indeed sad. I hope you don't stop being a nice person.

I usually have a safe or locked room that can only be accessed by me when I have anybody other than my close family in my house.

4 Likes

Politics / Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by joey150(m): 4:20am On Dec 14, 2021
triple996:
Anything to improve the system is welcome.
BTW when will ESN come back 4rm their holiday. More ibos need to be killed asap grin grin

What do the mods in this forum do?

It has become a hotbed and complicit channel for tribal vitriol and clashes.

Seun, you have to really step up to the task and take a firm stance against comments and users like this.

64 Likes 3 Shares

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:53pm On Dec 09, 2021
philip0906:

Okada riders fvcking pay tax, Joey. Danfo drivers fvcking pay tax and it's levied daily. Keke napep riders fvcking pay tax daily. Sometimes, what they pay is way more than 20-25% of their income, that you pay. The woman who sells in Aswani market, pays a fraction of her income to the local council. The food vendor who has a small stall by the road side, pays money to the local council. Go and stand by the roadside in whatever area you stay, start selling something and see if in days, you won't have the local council members disturbing you who will come and cut ticket for you.

You're so self cut out that you think because you get a cool FIRS/LIRS fancy receipt, that you're better than the man who gets a NURTW sticker on his danfo to ply the road after they've given up a % of their income, you pay your dues, while they don't. You're so fvcking self absorbed because you think you're better than the guy who is taxed informally.



No! You stop reading those western economic jargons that doesn't apply to your country and read this: https://www.thecable.ng/report-98-of-businesses-in-nigerias-informal-sector-pay-taxes-but-to-non-state-actors

98% of Nigerians in the informal sector, pay tax. Common sense should simply mean that if the tax bodies are serious, they should harmonize these payments into a central pool and find a way of capturing the the informal sector. This could simply be by capturing those daily levies collected by the local council, NURTW etc. This can be where automation comes to play and can also mean some hard decisions like outlawing collections by these local/state/federal actors, so that the informal sector is not double taxed and pay according to what they earn.

You're so self absorbed that you are literally comparing a pseudo-third world country driven by a largely informal sector to the theories applied in first world countries driven majorly by the formal economy.
I've only laid out a simple concept, that taxes tend to promote accountability. This isn't a first or third world concept, it's a fact. People care where their money goes.

According to your link, 98% of Nigerians paid taxes to 'non-state actors'. Like I mentioned before, these 'taxes' are often paid to charlatans and are merely seen by those that pay it as "the cost of doing business." They have no knowledge where it ends up. How can such people demand accountability from anybody, let alone the government?

If you pay a fee to a local mafia or non-state actor to avoid being harassed or allowed to do business, can you regard it as the income tax a citizen pays to the government as a contribution to the betterment of their society?

Is the intent behind paying an income tax and paying a fraudulent levy to some local slum lord to allow you carry out your business the same?

My point is taxation that is removed from the income of people and is paid by citizens as their contribution to the growth of their country, often encourages them to hold their government accountable.

Petty traders and artisans that are often cajoled to pay fraudulent levies don't see it as their contribution to their country's growth and hence don't treat it as such. Why the government chooses to ignore this daylight robbery is a different matter entirely.

We need a tax system that is both transparent and widespread. Then, people know what their money is used for and who to question.
Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 5:00pm On Dec 09, 2021
philip0906:

Are you okay like this? Lmao!!! My post clearly makes reference to Nigerians (both in the informal & formal sector) in the context of taxing proportional to their earnings. You asked a personal question, I answered but you're saying something else. Who ever said TAXES your entire earnings? You well so? Loool




Yes oh! Blame the already hapless citizens who have been stretched to the limits. Blame them until you've drained them the fvck out.



The fact that you are trying to directly draw a correlation with paying taxes and holding leaders accountable, doesn't paint you as being too intelligent. Unemployment rate is at double digits and about to gear up to 40% (official stats. This is way higher) but you want them to pay tax. Lol

You said you pay nearly all your income to the government. I don't have the energy to go back to the quote. I kept pushing for you to explain what that meant. Alas, you never did.

The concept of taxation to increase accountability is simple. if someone directly funds or finances something, they tend to care and pay more attention to it. It's not rocket science.

If I build a house with my money, I will ensure that my tenants don't put my house in danger. If I pay my mechanic to fix my car, I will ensure he has used the money I gave him to buy the required parts he charged me for. etc. I care about these things because my money is involved.

If most citizens pay taxes, they will ensure or at least try to ensure that the roads, schools, hospitals, power, etc that their money was supposed to finance is built.

This is common sense. We've gone back and forth to explain a simple concept. People care where their money goes. Tell Nigerians somebody stole 100 Billion naira of public funds and they don't care. Why should they? Have they contributed directly to the 100 billion, NO!

Lol. I am tired of explaining. Perhaps I should refer you to books if you still don't get it.
Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 4:08pm On Dec 09, 2021
philip0906:

I have a side hustle that pays tax, I also pay income tax as a salary earner.

You pay taxes on your side hustle and salary job, how is that a bad thing? Aren't you supposed to pay taxes? Is the said taxes your entire earnings?
I wanted to get to the bottom of that allegation you made, and I am not surprised that there's zero truth to it.

It is tax. Call it whatever, it is tax. Simple definition of tax tells me that those monies, under whatever guise, is tax. Our fore fathers paid taxes on their income/goods/wares sold before the advent of economic textbooks that taught you these theories you want to die on, maybe you'll argue that it was never tax.


Only an ediot expects more than that figure to pay tax, in the poverty capital of the world. There's a reason why we wear that badge. If the government decides to look away from the taxes that their own agency already collects from the akara seller and the tricycle rider, sensible people know that anything on top of that, amounts to double taxation. The onus then is for the government to streamline their tax processes...That's not on us

Haha. Nothing is ever on Nigerians. Well, except poverty which we seem to be wearing with pride these days. I am sure the bribe and 'egunje' we pay to policemen are security votes and taxes too,


Good for you. So let's see how your "caring" changes anything.

Until it takes more than one person to 'care,' Nigeria will remain the poverty capital of the world. People deserve the leaders they get. You think it's a mystery that Buhari ruled us for eight years and then Tinubu is gearing up to continue? Nah. We are all hapless. grin grin

You have a great evening sire.
Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 3:46pm On Dec 09, 2021
philip0906:

I get what you're trying to say but it's preposterous. Many of us already pay what you define as considerable amount of income, yet we can't tell what it's used for. Paying or NOT paying taxes is never the way to hold an irresponsible government accountable, that's the point.

Define this money you already pay to the government. I am asking not for argument's sake, I am asking to also know. If something like this exists I would love to know how.

Don't die on this hill, my friend. I can assure you that many small scale businesses pay anything from 20-40% of their earnings to government agencies. Step out of your house, enter a keke/bus and ask them how much they pay to NURTW on a daily basis...For many, it's up to 40% of what they earn. So don't go that sneaky route of 200 naira. The question is, 200 naira is % of what? If I earn 2.5 thousand naira daily but end up paying 500 to local council, isn't that up to 20% of my income?
I told you initially, that I will not classify money paid illegally, but somehow endorsed by the government as "income tax." Call it what you will, but it simply isn't tax. Call it corruption or thuggery levy, but it's not an income tax.

You can assure me? of course, you can't assure me that most small business people pay income taxes. Because Only about 22% of Nigerians officially pay taxes (A huge chunk of which are salary earners and those employed by the government).

I pay taxes and so I care. I look at my payslip and I cringe. Because all that money is mostly financing the lifestyle of flamboyant and corrupt government officials. Now, I wish 180 million Nigerians also felt the same way.
Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 3:10pm On Dec 09, 2021
philip0906:

I have zero idea where you saw this. Because this is what I said:
...I live in an almost 3rd world country where I already pay money equivalent to my income to government...

This is exactly my question. How do you already pay money equivalent to your income to the government?

You're indicting the government, simple!!!!! If you claim that representatives of government, collect illegal, pointless etc fees, you're clearly alluding to my point. So you should hold the government accountable and they should be the ones to clean up their mess, not hapless Nigerians.

Of course, I am indicting the government here. I should hold the government responsible? People say this like it's one person's duty to do this. Like the citizens don't have a right to hold supposedly elected people to account? Like it's the job of whoever protests against the status quo.
Nigerians are hapless!! Cant you see all 180 million of us flocking to churches on sunday and mosques on firday hoping Mohammed and Jesus form a superhero collaboration to rescue us from our alien enemies in government houses. We are truly in a very unhelpable situation.

If an akara woman pays 500 naira to an irresponsible government who can't account for that 500 naira, how do you then convince such woman to pay 24% of her earnings, under the useless guise of legal/personal tax to the same irresponsible goverment?


An Akara woman pays 500, mainly as a cost of doing business. To her, it's not a tax levy. It's a fee she has to pay to do business in a very corrupt country. Why should she bother about who the 500 naira goes too? The government has institutionalised corruption and the citizens are abating and feeding the same system that is killing them.

The point of taxes is that it hits a considerable amount of your income that FORCES you to care when an irresposible government decides to toil with what is supposed to be a chunk of your hard-earned money. It forces all of us to say, NO, we will not finance stupid government expenditure and hedonistic habits anymore. We are going to either boot you all out in 4 years, make you change or force you to resign now.

[BTW, your example of 500 naira levy on 15k daily, is a crafty one. You're trying to portray the akara woman as not paying the equivalent of her income, when you know this is NOT always true.

It's not me being crafty, it's the truth. Most people, especially those who aren't salary earners (A number that accounts for most of the working population) do not pay taxes that are even remotely commensurate with their earnings. You cannot convince me that a 200 naira or 500 naira levy is the same as a 15-20% income tax. Churches even arguably make more money from tithes than the government from taxes. grin. And in a way I think the government enjoys the fact that they can run the country on petro-dollars, because then the citizens cannot hold them accountable for anything. They basically didn't steal our money, it's oil money. Tough times ahead, Nigerians will learn the hard way.

1 Like

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 12:31pm On Dec 09, 2021
philip0906:

You're confusing yourself with all the semantics. I live in an almost 3rd world country where I already pay money equivalent to my income to government...Whatever grammar/label economic experts (you included) decide to append to that payment, is their plate of watery beans. This is simply TAX.

Kindly explain how you pay nearly all the money you earn to your government?


I agree. The focus should then be on the government ensuring productivity and industralisation.


You're still confusing yourself. If government decides to appoint NURTW to collect taxes from Nigerians, does it make it any less of taxation? You're stuck in all the semantics. Any monies that individuals pay on their income using whatever principle, is simply TAX. The tricycle rider, pays a fraction of his income to the NURTW daily. The akara seller pays a fraction of her income selling akara to the Local council daily/weekly. Any grammar or way Joey wants to twist this fact, that I'm taxed already, is your business.

I am specifically talking about TAXES here. If you choose to ascribe any money illegally collected from people, both under the direct and indirect supervision of the government, under the guise of pointless fines, levies, or penalty as tax, then that's on you. Taxes are supposed to be set based on various predetermined factors. An akara woman who earns 15k daily and then pays 500 naira as some form of levy, did not pay her income tax

The NURTW, Local Council who collect these levies, are all part of the government.

Then the government is a running an organised crime ring to rob its own people. Call it what it is!



This should be your argument not argue the definition of taxes. Where does the NURTW fee levied on okada riders/tricycle riders go to? Where does the weekly levy paid by the akara seller to the local council go to?

I don't need to be an economics major to know that simple automation/process improvement by the tax bodies on those monies paid by the tricycle rider/akara seller is collected at a central/accountable point. But No, let us leave Mc Oluomo to continue to use okada/marwa riders money to fund the luxurious lifestyle of his concubines and turn around to scream that Nigerians don't pay tax. Nonsense!!

2 Likes 1 Share

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 12:24pm On Dec 09, 2021
lexy2014:


If u aren't going to go into d specifics, how then did u arrive at ur responses? Did u consult d firs and state councils before u arrived at your conclusions about who is paying tax and who isn't?

https://nairametrics.com/2021/10/09/only-41-million-nigerians-pay-tax-firs/

1 Like

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 12:24pm On Dec 09, 2021
abbeyfel:
You are still getting it wrong. Paying taxes does not literally mean a better life. What guarantees a good life for the people is good governance! Do we have that in place at the moment? Point is, how is attacking from the bank account angle an even sensible thing to do Is that where their brain lead them. As in go through bank accounts like everyone with bank accounts are taxable. Mumu thing..

Paying taxes does not "automatically" mean a better life...YES.

BUT

Paying taxes forces the government to be more accountable to its population. Because, once a majority of the population pays taxes, they tend to demand better governance.

3 Likes 2 Shares

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 12:19pm On Dec 09, 2021
lexy2014:


Everyone in Nigeria pays taxes. So your theory that paying taxes is directly related to political participation and holding govt accountable doesn't have any basis

https://nairametrics.com/2021/10/09/only-41-million-nigerians-pay-tax-firs/

1 Like

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 10:46am On Dec 09, 2021
abbeyfel:
You obviously don't understand. Nigerians are one of the people that pay tax the most in the world! Just check how many VAT Nigerians are paying before you say all these you are saying. Most workers in Nigeria pay tax because it is deducted even before they get paid. Any banking transactions now is taxed wether you like it or not. Deposit money, they will tax you. Withdraw money, they will tax you. [b]So what exactly are you saying?[/]

VAT is paid globally. Is it only Nigerians that pay VAT?

Taxes are normal. Every person earning an income should normally pay tax.

The problem is that our tax system is very inefficient and most people end up not paying taxes at all.

Yes, the government is trying to be clever by half by taxing us for making deposits in banks. But that's because they've been unable to properly tax most of the working population.

My point is, taxes are not a bad thing. It's fundamental for running a sane society.

2 Likes 1 Share

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 10:41am On Dec 09, 2021
Evercurious:


Oga go check your head

I give you a chance to impress and yet you unsuprisingly disappoint yourself.

All these noise and insults on top your empty brain.

You need help ma.
Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 10:40am On Dec 09, 2021
abbeyfel:
You are getting it wrong here. People pay taxes from prosperity. Where is the prosperity to tax from? And how do you mean people will participate more? By taking elective offices or protesting? I guess you are an ideaologist and not a naturalist. Na idea you get, but you can't really make it work if given the opportunity!

Why do okada men suddenly revolt when their local transport union increase their daily levy from say 200 to 500 one morning?

People care deeply about money that directly enters their pocket. It's the same everywhere from the time of Jesus till now.

I agree with you. We need to have an employed and productive population to tax them. But even at that, a significant amount of Nigerians, especially those that aren't salary earners still don't pay taxes. And many think it's wrong to tax them.

We've been running this country mainly on proceeds from oil, and look how far it got us.

2 Likes 1 Share

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 10:35am On Dec 09, 2021
Evercurious:


Tell that to yourself... FOOLISHNESS personified .. Do you work at all? I m so sure you didnt consider double taxation as of workers are nt taxed before being paid

Stop being stupid. About 20% of my income is deducted as tax.

Salary earners are taxed by their employers. Does that mean that they still don't have to pay VAT or other forms of applicable taxes?

Are you being double taxed? If yes, how? Do explain and this time do it intelligently.
Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 10:31am On Dec 09, 2021
philip0906:

This is simply because this GREATER NUMBER are impoverished and unemployed. We're the poverty capital of the world for a reason.


What you're saying is simply semantics because tax is simply fee imposed by government, to fund government spending. Whatever the name is called, it's simply TAX.

That is NOT on the citizens. If I pay levy to local government officials to sell my akara by the road side and that money is used to fund the aesthetic lifestyle of MC Oluomo or ends up in Tinubu's pocket, it's not on me. The government should be the ones talking of revenue assurance by cleaning their processes up or using automation.

1. Tax is Tax. They obviously all serve the same puprose. My point being that there are different forms and kind of taxes.
So, just because a business man pays VAT and not income tax, doesn't mean he's a part of the taxable population. He still doesn't pay income tax. That being said, a bulk of Nigeria's "informal" sector still don't pay tax.

2. As long as we don't industrialise and get more of our population employed so we can tax them, we'll be stuck in this rut. Again, emphasises my point. If most people are underemployed and poor, and by extension, pay no taxes, they have no direct connection with the government. Basically, they don't contribute in anyway, and are thus generally unbothered about governance.

3. You don't pay 'taxes' to sell Akara. You pay taxes on your income from selling Akara. I have no idea what the levies those people are asked to pay. Regardless, it's not a form of "tax". At least, none that is legally recognised.

The summary being that our taxation system is riddled with corruption and very inefficient.

Any country that depends solely on a natural resource like we do, will always suffer from Dutch disease.

2 Likes 1 Share

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 10:21am On Dec 09, 2021
Evercurious:


Pls dont be stupid

Please stop being stupid. You're too far gone already.
Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:57am On Dec 09, 2021
luizpippo:



You should note that govt in Nigeria does not listen to anything other than violence, so are we going to hold them accountable by violence or by doing anything peacefully?

Anything done peacefully is usually met with violence on the part of the government, this is why Nigerians are mostly docile because no one wants to die.

Imagine asking Buhari to give account of his frittering away of tax payers money on his usual junketing and medical tourism, ask peacefully, then you would wait till eternity, while you would have FreestuffNG, vedaxcool, Jamo, blackfire, Lovenorth and co come here to tell us we have no right to.

Either way, the masses always lose.

I understand your sentiments.

But, trust me, people will always revolt sooner rather than later If they feel their own money, personal income made, not oil money, is being spent lavishly by those in authority.

How did you think most monarchies failed or most revolution began?

Nigerians on their own part must also begin to elect better leaders and participate in democracy.

There's no point paying taxes and electing crooks. It's like allowing goats guard your yams.

1 Like

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:52am On Dec 09, 2021
lexy2014:


The fact that u said many things doesn't mean that what u said is relevant to d questions u were asked:

Which participation of the populace in govt are u talking about?

What has that got to do with paying tax?

Sigh. Okay.

1. By participation, I mean the people holding their government accountable.

2. When people pay tax or are correctly taxed, they tend to be more concerned about what their tax money is used for.

1 Like

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:49am On Dec 09, 2021
lexy2014:


How much is VAT and how much tax do income earners pay as tax?

Who and who do local govts tax to generate income from local government council tax?

I'm not going to answer specifics about the Nigeria tax system. You have the FIRS and state councils for that.

I've just basically explained how VAT, council tax and income tax are different forms of taxes.

To simplify things:

Vat = tax placed on consumer goods.

Local council tax = Tax often placed on properties/residents in a particular precinct or local area.

Income tax = Tax placed on the income you make.

1 Like

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:44am On Dec 09, 2021
lexy2014:


U haven't answered my questions:

Which participation of the populace in govt are u talking about?

What has that got to do with paying tax?


I have answered you. If you still don't get it, then that's on you.

1 Like

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:43am On Dec 09, 2021
luizpippo:


Stories

Even if new born and those who died within the last 4 years pay taxes, the governance and the participants would remain the same.

Stop trying to be clever by half.

Clever by half?

If the citizens all pay tax and choose to allow their government swindle them, then the joke is on them.

People get the leaders they deserve.
Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:42am On Dec 09, 2021
lexy2014:


How is VAT and local govt council tax different from income tax?

Value added tax = Tax you pay on a commodity. For instance, you need to have bought an item to pay this tax.

Local government Council tax = Tax usually placed on each property in a certain council or local area. This tax is paid to your local council for the general maintenance of the community.

Income tax = Tax placed on the income you make.


There are several other kinds of taxes. But they are all different.

1 Like

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:34am On Dec 09, 2021
lexy2014:


Which participation of the populace in govt are u talking about? What has that got to do with paying tax?

There's a direct corellation betweem tax payments and citizen participation in governance.

Everybody, or at least, most people care where their money goes. So, tax them and they suddenly begin to care. Accountability increases.

Nigeria is largely ran on proceeds from oil. We run a rent free economy. This means that the people are detached from governance because most of them don't realise or see how they directly contribute to the affairs of the country.

This means that the government can choose to swindle the people. As a citizen of Nigeria do you know how much barrel of oil Nigeria refines daily? Do you know how much it earns from these exports?

You probably don't. Nigeria is largely ran with oil proceeds and not taxes. Which is why we are finding it strange to be taxed by the government.

Organised societies run heavily on taxes and the citizens demand that their tax money is spent judiciously.

1 Like 1 Share

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:28am On Dec 09, 2021
philip0906:

Which Nigerians don’t pay tax? This is a myth that has been debunked several times. We already pay VAT, companies and businesses already pay tax, salary earners already pay income tax, small businesses even those by the roadside already pay taxes in form of levies to local governments where they are setup.

A greater number of the population don't pay tax.

Your local government council tax, VAT and the likes is different from income tax (which only salary earners pay).

Also, most of the informal taxes are usually illegal and end up in private pockets.

1 Like

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:25am On Dec 09, 2021
Easy5265:


That's what I thought too, till APC government came into power. Nigerians are like water, they will always find a way out as against confronting the issues. The average Nigerian especially southerners will say I just have to make more money.

Most Nigerians still don't pay tax.

That's why when someone steals 50 billion nobody cares but once you add 50 naira to fuel everybody comes out to protest.

1 Like 1 Share

Politics / Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:21am On Dec 09, 2021
tungamaje:


The problem is that some few individuals would still embezzle whatever people pay as tax through treasury looting and helpless Nigerians won't be able to hold anybody accountable except ranting on Nairaland. Or who can fight corruption successfully here in Nigeria. People have lost faith in our administrators. All you wrote above would have been appropriate if we are living in a sane country

Don't you get it?
If more people paid taxes we would have more participation of the populace in government.

Most people don't care because they don't pay tax. If people cared enough Nigeria would be sane.

2 Likes

Business / Re: ​​A Loan App Is Threatening Me! Help! by joey150(m): 9:50am On Nov 30, 2021
joyandfaith:


You are refering to predatory lending whch is wrong as well

Wrong, maybe. Illegal, no.
Business / Re: ​​A Loan App Is Threatening Me! Help! by joey150(m): 9:16am On Nov 30, 2021
joyandfaith:


Loan sharking is illegal.

Loan shark is rather a broad term. These loan agencies are actually not "loan sharks" in the true sense of the word. The term is generally used to refer to loan agencies that charge high interest rates for loans. The real loan sharks have no business sending you messages, they'll find you and beat the crap out of you when you owe.

These loan agencies offer a service, like every other business. They pay taxes and they are registered with the government. Everything they do is somewhere in the fine print of their contract, people just don't bother to read.

2 Likes

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