₦airaland Forum

smileclement:
First Big Brother Naija Eviction Show that was done in 2007 and that is 13 yrs ago, Damn. shocked

Popular BBNaija Ebuka was a housemate then and he was evicted.

You wouldn't believe that Ebuka was housemate then shocked shocked

Watch the full video



https://www.youtube.com/watch?v=fWCIRZD-f5E

Ishilove:
My love I never watched because I was in a place where I couldn't watch television.

Ishilove:
I never knew Ebuka studied as a lawyer. I'm also surprised Olisa was the host.

Where is Olisa Adibua?? He seems to have disappeared from show business.

It seems this BBN was sane and did not have people shamelessly having sex on live TV like dogs. Since then it has only gotten worse

Ishilove:
I never knew Ebuka studied as a lawyer. I'm also surprised Olisa was the host.

Where is Olisa Adibua?? He seems to have disappeared from show business.

It seems this BBN was sane and did not have people shamelessly having sex on live TV like dogs. Since then it has only gotten worse

Boris Johnson among record number to renounce American citizenship in 2016

This article is more than 3 years old

Foreign secretary had previously protested against ‘absolutely outrageous’ US tax obligations after sale of his north London home

Patrick Wintour Diplomatic editor

Thu 9 Feb 2017 14.12 GMT

Boris Johnson has renounced his US citizenship, ending years of ambiguous loyalties and probably ridding himself of a hefty tax bill.

A list released by the US Treasury department showed the UK foreign secretary was one of 5,411 individuals to renounce his American citizenship in 2016.

Johnson was born in New York when his parents worked there, but has not lived there since he was five years old. His decision does not appear to be an attempt to distance himself from the politics of Donald Trump, but may instead be a move to ensure he is out of reach of America’s Internal Revenue Service (IRS).

In 2014 he publicly said that the US was trying to hit him for tax on the sale of his home in Islington, north London, something he said he regarded as “absolutely outrageous”, although he later reportedly paid the demand. The US tax authorities have been mounting a campaign to crack down on the earnings of dual nationals.

A record number of dual nationals renounced US citizenship in 2016, 26% higher than the next highest annual total that followed the enacting of a disclosure law in the 1990s.

Andrew Mitchel, an international tax lawyer, tallies the names on the lists, and identified Alexander Boris Johnson renouncing his citizenship. The foreign secretary’s full name is Alexander Boris de Pfeffel Johnson.

It was revealed in 2014 that Johnson might owe more than $50,000 in US tax on the income from the sale of his home.

On a visit to New York in 2014 in an interview with National Public Radio – partly promoting his biography of Winston Churchill – Johnson, then mayor of London, said he was being chased to pay the capital gains tax by the American tax authorities. A dual citizen can be liable for tax in both countries.


Johnson told NPR it would be hard to renounce his citizenship. He said: “I have to confess to you, that you’re right ... it is very hard, but I will say this, the great United States of America does have some pretty tough rules, you know. You may not believe this but if you’re an American citizen, America exercises this incredible doctrine of global taxation, so that even though tax rates in the UK are far higher and I’m mayor of London, I pay all my tax in the UK and so I pay a much higher proportion of my income in tax than I would if I lived in America.

“The United States comes after me, would you believe it ... for capital gains tax on the sale of your first residence which is not taxable in Britain, but they’re trying to hit me with some bill, can you believe it?”

Pressed to say if he would pay the tax he said: “Why should I? I haven’t lived in the United States for, you know, well, since I was five years old”.

Unlike most nations, the US taxes non-resident citizens on their worldwide income. A strong tax-enforcement campaign by US authorities and lawmakers has been mounted in the wake of admissions by banks in Switzerland and elsewhere that they encouraged US taxpayers to hide assets abroad.

To prompt compliance, a 2010 US law, the Foreign Account Tax Compliance Act, requires foreign financial institutions that operate in the US to report information about holdings by all US taxpayers to the IRS.

jargooflife912:
Anyone seen this before ?

Nigeria explains taxes on citizens living abroad

by Oladeinde Olawoyin

August 3, 2017

The Finance Minister, Kemi Adeosun, on Thursday gave clarifications on the Nigerian government’s plan on diaspora taxes.

Mrs. Adeosun made this clarification during a Facebook LIVE video chat tagged “Tax Thursday”.

While responding to questions during the tax programme monitored by PREMIUM TIMES’ correspondent, Mrs. Adeosun explained that the new tax regime isn’t meant for all Nigerians living in the diaspora.

“It is not (for) every Nigerian; it is for Nigerians resident for tax purposes…If you are a Nigerian resident for tax purposes, it means you live in Nigeria for 195 days of the year,” she said.

“We’ve signed bilateral agreements with many countries, there is no double taxation. If you are paying your taxes in the UK, America or Canada, you are not affected by the scheme.

“However, if you are collecting rents on properties – we found in our profile that a lot of properties are owned by Nigerians in the diaspora; they collect the rent and remit it to America or they keep it here but they don’t pat tax – those rents that you collect in Nigeria, to the extent that you didn’t declare them in the country you live in, you need to declare them under rent.

So, in that regard, some of the diaspora (residents) are affected,” she said.

The minister explained further that Nigerians working and doing businesses abroad are exempted from the tax regime, adding that it is meant for Nigerian residents.

“The vast majority of Nigerians who are just doing their jobs or running their businesses abroad; No, we are not taxing you. We are taxing Nigerian residents, many of whom also own properties abroad. So, I need to make that clarification,” she said.

“There is no tax for people that live, work abroad. You are already paying your taxes there, we don’t have any issues with you. The people we are targeting are those who are Nigerian residents for tax purposes.

“And the thing is… you must pay tax somewhere. You can’t avoid taxes completely. So, if you are in England, surely you are paying taxes in England. But if you are a Nigerian resident, and you are paying taxes in England, then we have some issue with you which is around adequacy of your tax returns and for that we are already comparing notes with the Inland revenue of the IRS in America.

Mrs. Adeosun however added that those registered as taxpayers in Nigeria would have to pay taxes in Nigeria, irrespective of wherever they are across the world.

“But if you are resident for tax purposes in Nigeria, you have to pay your taxes in Nigeria. So, if you live abroad, hold up in London or Dubai for most of the year, but to the extent that you are registered in Nigeria as a taxpayer, you have to pay your taxes here in Nigeria, including taxes on income that you earn abroad.

“So, a Nigerian that owns a property abroad and rents it out, that income is taxable in Nigeria.

The fact that you didn’t remit it to Nigeria the tax laws don’t make that distinction. The fact that you earned it, you have to declare in Nigeria and pay tax on it in Nigeria; that’s what the tax law requires and that’s what we will be enforcing,” she said.


On the issue of taxing first class tickets and luxury coaches, the minister said there were plans to implement the initiative.

“I think yes,” she said in response to the question, adding that, “We signed something yesterday on luxury goods; champagne, brandy, whiskey, wine, jewellery, high-end jewellery.

“We’ve signed something that will bill access charge on first class and business class tickets, we are just doing the final parts of the implementation and we also want to try and amend the tax payer book on high end cars, luxury cars,” she said.

samtee37:
Why are this government behaving like someone in the 19th century
Cant they just digitize everything instead of going to bank with all the stress

I weak

MeinKampf:
Are you guys not tired of always trying to defend this useless leaders that care no bit for the citizens of this country? You guys are always quick to justify every selfish policies with intent to generate more money to maintain the outrageous lifestyle our leaders are living while you live out all the good policies the countries you derive your justifications from are implementing in their various countries. Remind me what UNESCO standard on Education and Health are and when is this government domesticating same here? For this government, it's always copy every policy from international organizations that will help them milk and tax their citizens without copying those benefits that the citizens of other countries are enjoying