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Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? - Politics (5) - Nairaland

Nairaland ForumNairaland GeneralPoliticsPandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? (16312 Views)

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Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by Nobody: 8:20am On Oct 12, 2021
KingOfAmebo:
The question is, Since taxes are ment to cater for the development of a country as obtainable in developed nations, Why would our so called businessmen, politcians and clergymen chose to pay taxes "secretly" to economies of other countries while leaving the country they claim to love impoverished?

https://www.premiumtimesng.com/news/headlines/487959-pandora-papers-global-investigation-exposes-secrets-of-some-of-nigerias-rich-and-powerful.html
Have you ever bought a foreign good or had the opportunity to get crypto currency? Will you prefer a dollar as a gift to naira? Have you ever exchanged naira for a dollar? If you have done any of these, then you are part of the problem.
Let go of politics and religious sentiment and let's face the fact. There is no reasonable wealthy man that will run all his business in Nigeria. The Nigeria business environment is highly frustrating. If you go for agriculture bandits will attack you , you go for forex business EFCC will come after you. You don't leave all your assets in one country. Ask Buhari who frequently visits the London hospital, Ask Tinubu, Ask Dangote, Ask Wale Adenuga , Ask Atiku. Some countries tax systems are far better off than that of Nigeria. Because Bishop Oyedepo is a pastor that's why you are attacking him.
Make a research about Pst. T.D Jakes. You could have asked Shell, Chevron to run their business in only their country of origin. Under the principles of business and international taxes/accounting
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by computer0810(m): 8:21am On Oct 12, 2021
meccuno:
Senseless post.The one you have paid, what have you done with it.
Foolish ppl......if tinubu was to be inside nw it will be meaningful to u
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by Elliotwaveforec: 8:22am On Oct 12, 2021
Did he earn the money in the country he loves? Let his country create an enabling environment for citizens to make money and watch them pay taxes voluntarily.
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by twilliamx(m): 8:22am On Oct 12, 2021
Afamed:
It will definitely be senseless to you, since Tinubu or PMB names were not involved. Biggest hypocrite .
They want China fast growing economy. They want China technology development. They want China good roads network.
But they don't want China law where people with questionable character like him would have been summary executed
But truly you are senseless...
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by omoadeleye(m): 8:24am On Oct 12, 2021
Tax avoidance is a not illegal, and not a sin, it's just a way of trying to minimise your tax payment by using the opportunity of lapses in tax laws.

Since payment of taxes are overwhelming a business profit, what do you expect?

The taxed you are paying for is not even giving you the results you expected for.

How will you feel seeing your taxes being used to feed some clueless, gluttony, jobless and non result oriented individuals doing nothing at all.

That's a shame.
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by Bizibi(m): 8:28am On Oct 12, 2021
Afamed:
It will definitely be senseless to you, since Tinubu or PMB names were not involved. Biggest hypocrite .
They want China fast growing economy. They want China technology development. They want China good roads network.
But they don't want China law where people with questionable character like him would have been summary executed
abeg every politician is guilty of it whether pdp or apc. Even business men in Nigeria do it,no need playing stupid politics with it. I know you an apc sycophant but it is not Everytime you play politics.
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by computer0810(m): 8:28am On Oct 12, 2021
Bendeco02:
Nawa o
You guys are just restless... Why Yorubas are afraid of Peter obi.. Thought Jagaban is more relevant than him yet you guys keep opening topic upon topic to tarnish his image, but the man is smarter than you all.

Yet to see a northerner or any other region discussing or opening threads on this Peter Obi's pandora matter except Yorubas.

After their excuse is that Igbos are supporting their corrupt politicians, while the man is yet to be find guilty.... Have they ever seen Igbos surpoting Orjiuzo kalu, Rochas or Andy uba
Are yoruba ppl behind d pandora papers, u guys r just hypocrites, yoruba will never support a tax defaulters but u guys always support anything so far its igbo
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by Elliotwaveforec: 8:30am On Oct 12, 2021
KaluwisxPRO:
Who said they’re cutting cornershuh? Offshore banking is not cutting corners.

As a business man, one cannot keep excess cash in your country of domicile. As a man, putting all your eggs in one basket is tantamount to failure as in the case of dwindling exchange rate in Nigeria.

Now imagine all that USD savings offshore in Nigeria Naira? So you expect those who’ve worked legitimately to save for their future, to have their savings rubbished by your ignorant government and their economic policies.

The poverty mentality of a lot of Nigerians expect every rich person to be generous and help the poor or the country. Ogbeni, you need to work your ass off yourself anywhere on earth.
Correct guy!
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by KinSlayer: 8:31am On Oct 12, 2021
olaniyiYAH:
How I wish all this 600 useless journalists can be punished, tarnishing the image of this country and blackmail people names with there quack report
They didn't tarnish anything. They merely leaked documents and then individual news outlets like premium times wrote stories.
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by od501: 8:38am On Oct 12, 2021
KingOfAmebo:
The question is, Since taxes are ment to cater for the development of a country as obtainable in developed nations, Why would our so called businessmen, politcians and clergymen chose to pay taxes "secretly" to economies of other countries while leaving the country they claim to love impoverished?

https://www.premiumtimesng.com/news/headlines/487959-pandora-papers-global-investigation-exposes-secrets-of-some-of-nigerias-rich-and-powerful.html
All of you are mad, the one that you collect, what do you do with it? By the way, did they even watch Peter Obi's interview? How he said the profits from those Companies were even reinvested in Nigeria? What effort are they marketing to confirm such claim? Or is it just about political blackmail?
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by christistruth01:
KingOfAmebo:
Senseless to you, but have you asked yourself how the developed nations you cherish so much get to where they are now? Where do you think developed nations get the money they used to develop their nations aside mineral and human resources that you have in aboundance?

If you tax the rich the poor won't have to suffer.
Taxing Just the Owambe Parties that cast over N2 Million Naira at 50% Tax is enough to repair and develop Nigeria's Economy

Any Party with more than 4 Cows gets an automatic N1 Million Tax Notice if they don't agree they can appeal it.


For example Obi Cubana with his 300 Cows would have paid at least N30 Million Naira Owambe Party Tax

That Way they will have to do Owambe Party Tax Contribution at the Party before they start to throw the money in the Air , on the floor , dance on top of it and Scatter it with their feet

That N30 Million Tax can be used to rehabilitate and equip some of those horrible looking primary Schools.
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by sammy329(m): 8:42am On Oct 12, 2021
omoadeleye:
Tax avoidance is a not illegal, and not a sin, it's just a way of trying to minimise your tax payment by using the opportunity of lapses in tax laws.

Since payment of taxes are overwhelming a business profit, what do you expect?

The taxed you are paying for is not even giving you the results you expected for.

How will you feel seeing your taxes being used to feed some clueless, gluttony, jobless and non result oriented individuals doing nothing at all.

That's a shame.
That is a big lie, a lot of people have been jailed in advanced countries due to tax evasion undecided
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by numericalguy(m): 8:47am On Oct 12, 2021
Hypocrite Pandora Oyedepo will be praying for miracles in Nigeria but will carry his money pandorally to offshore accounts in order to evade taxes. The man is even worse than JuJu.
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by MICHEALADEX(m): 8:50am On Oct 12, 2021
KingOfAmebo:
Senseless to you, but have you asked yourself how the developed nations you cherish so much get to where they are now? Where do you think developed nations get the money they used to develop their nations aside mineral and human resources that you have in aboundance?

If you tax the rich the poor won't have to suffer.
Nha pastors own even tire me
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by emmykk(m): 8:53am On Oct 12, 2021
mapet:
Accounting Graduate? How do we make sense of this disorganized and incoherent submission?
Sense is not common...I don't expect you to understand my disorganized incoherent submission here. It will take you many years to understand it because first must have to study Accounting and then understand Nigeria political space.
You are not supposed to understand it.
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by Nobody: 8:54am On Oct 12, 2021
meccuno:
Senseless post.The one you have paid, what have you done with it.
THESE ARE THE SAME PEOPLE WHO WILL ACCUSE EVERY OTHER PERSON FOR THEIR WOES EXCEPT THEIR LOOTING AND CORRUPT LEADERS.
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by Ewedegubbler: 8:54am On Oct 12, 2021
so u want him to make money in UK and pay tax in Nigeria so that aboki go collect am for VAT and marry more wives.

NO Fowl fowl fowl FOOOOWL.. YOU CANT WORK IN JULIUS BERGER AND BE COLLECTING SALARY FOR ALPHA BETA..
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by slowice(m): 8:57am On Oct 12, 2021
Are they owing you?? If I become a billionaire tomorrow, I ll keep some good money where I'm sure of its safety and stability. As long as I didn't steal from the public, I ll keep my earnings how I deem fit.



But for those thieves stashing our money somewhere, whether in or out of the country... Thunder will locate you all
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by Nobody: 9:01am On Oct 12, 2021
Can someone please enlighten me.

Is it a crime to establish a business in any country or region of my choice. Please i need a summarized and clear explanation.
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by Wahalaperson: 9:05am On Oct 12, 2021
SmartPolician:
KingOfAmebo

I think you should make specific references because everyone on that list has a unique story.

As for Peter Obi, he has already explained his in that video posted here yesterday.

According to him, when the company that operates an offshore account was floated, he lived in London. You cannot be based in London and be paying taxes to Nigeria.

He added that the company was operated that way based on the professional advice of a consulting firm (he gave its name), noting that it was never unlawful to do it. He also said that the company wasn't used to launder money before, during and after his term as governor.

To date, I will continue to hold Peter Obi and Donald Duke in high esteem because they are the only two former governors who are active in politics and weren't invited by the EFCC for money laundering scandals after spending 8 years in office. That's commendable!
lies, so because Peter obi said so you had to believe him over what the investigations revealed ? Investigations revealed he set up this shell company four years Into his term as a governor, stop deceiving yourself, or do you want me to list governors that served eight years without invitation from the efcc?
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by dejol88: 9:08am On Oct 12, 2021
Moderator should mind the type of topic they put on front page. No single intelligence in this argument.
A simple Google search would provided all the answers op needs but the chose to drag a question meant to be asked by a primary school pupil.


See even his line of argument, very lame!
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by vickydevoka(m): 9:14am On Oct 12, 2021
budaatum:
I guess we have not yet realised that by the sweat of our brow will we eat our food until we return to the ground.

When we do realise we will all invest in ourselves.


Good question, op!
Somewhere like abj, u need connection n God to blow
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by larryking540: 9:15am On Oct 12, 2021
the money most Nigeria politician have taken out of this country is enough to shake Nigeria and put nigeria as the head of Africa world map ,,here we are ,someone taken ,,,abeg I don tire
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by Enyimbamercedes: 9:22am On Oct 12, 2021
humility33:
Oga this argument is not necessary sef

He simply paid his tax in the country the business is domicile

You dont run business on sentiments... every business looks for ways to cut down their tax payments thats why u see them seek tax holidays or exemptions.... tax avoidance is not a crime

Mr Obi didnt commit any crime and if he did he opened up a challenge to anyone interested in probe yesterday

Nigerians need stop the cheap blackmail "why not pay tax to a country you love"
Didn’t you read my post properly or you are just in a hurry to comment? My post was not critical of Obi rather it was in support of anyone who chooses not to pay tax to a wasteful system. I’d rather pay my taxes in the UK because I see it at work but my taxes in the Nigerian system goes towards funding waste.

Comprehension
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by louqas: 9:24am On Oct 12, 2021
Afamed:
It will definitely be senseless to you, since Tinubu or PMB names were not involved. Biggest hypocrite .
They want China fast growing economy. They want China technology development. They want China good roads network.
But they don't want China law where people with questionable character like him would have been summary executed
But nobody hides wealth in China now

Stop being clever by half
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by tctrills: 9:27am On Oct 12, 2021
KingOfAmebo:
The question is, Since taxes are ment to cater for the development of a country as obtainable in developed nations, Why would our so called businessmen, politcians and clergymen chose to pay taxes "secretly" to economies of other countries while leaving the country they claim to love impoverished?

https://www.premiumtimesng.com/news/headlines/487959-pandora-papers-global-investigation-exposes-secrets-of-some-of-nigerias-rich-and-powerful.html
You avoid paying tax because you know that the money would be stolen. It's better to use the money to grow your business and employ more people
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by Kingstanding: 9:28am On Oct 12, 2021
meccuno:
Senseless post.The one you have paid, what have you done with it.
. Because they mentioned your Papa's in the Lord's name,isn't? Weldone religious nutcase person.
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by Kingstanding: 9:30am On Oct 12, 2021
KingOfAmebo:
Senseless to you, but have you asked yourself how the developed nations you cherish so much get to where they are now? Where do you think developed nations get the money they used to develop their nations aside mineral and human resources that you have in aboundance?

If you tax the rich the poor won't have to suffer.
. You supposed to know the reason he made the statement, it's just because they mentioned his Papa's in the Lord's name. He is a religious nutcase person.
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by justmondris: 9:35am On Oct 12, 2021
Learning how to avoid paying tax legally is one of the greatest skills of becoming a wealthy
Person. If you thinking doing so means you don’t love you country, please why are you collecting salary when working for a country you said you love?
Re: Pandora Papers: Why Avoiding Paying Taxes To A Country You Claim To Love? by omoadeleye(m): 9:36am On Oct 12, 2021
sammy329:
That is a big lie, a lot of people have been jailed in advanced countries due to tax evasion undecided
Tax avoidance and tax evasion are two different things entity...
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