₦airaland Forum

mapet:
I have no problem with paying less when you have the option, what I have problem with is exploiting the law illegally. When you hide in tax-havens, just make sure you are in no breach of the Nigerian laws.

How is it illegal? Please provide the specific law that says so?

If your claim was that it doesn't portray sufficient level of patriotism (even though that's a watery argument just to disguise the disdain towards the individual),, that would have been a better argument even. Please explain what's illegal about it.

[quote author=meccuno post=106673564][/quote]

[quote author=becky39000 post=106675012][/quote]

BluntTheApostle:
Tax havens are bad to the economy of a developing country.

And many of you are just shouting double taxation without knowing what it really is, or its benefits.

So in essence, you're agreeing it's more of a 'moral' issue, not necessarily a 'criminal' matter? Who in their right senses would choose to pay higher tax if they had the legal choice to pay less? Because Mr Obi chose an option which reduces his tax burden, he automatically has become the problem of Nigeria's economy?

Like I said before, your argument continues to sound more and more sentimental; it has all the trappings of just a mere dislike for the individual in question.

[quote author=meccuno post=106675368][/quote]

RiceProducers:
Typical Nigerian thinking and language. Completely meaninglessness.
Anyway tax avoidance by hiding money in a tax haven as smarty pants businessman is a case that the owner of a global company like Facebook or Twitter makes.
It is not expected of a third world prospective Presidential or VP.
The electorate of the second largest population of poor people country won't forget when you come to ask for votes

Farmer. You wise so.

Hear! People!

We the electorate must endeavour to remind ourselves so that we do not forget! Amen.

"Country" = Our individual selves!

Angeldemon:
Most Nigerians dont like paying tax because the governments havent been using it for what its meant for. Instead they embezle it.
So paying tax in Nigeria is like just dashing your money to a random man on the street for no reason

'Because the people have not bothered to make the government accountable', you mean, after all, it ought to be spent to clean our roads, remove the dirt, mend our schools and pay our wages et all, things we all ought to be benefiting from.

budaatum:
You are putting your cart before your horse.

Its the people who do the accounting, and they account out of interest. And if I tax your ₦30k by say 50% (18% my ass!) I'm very certain you will order me to account for it, or would you not? I bet you'd even ask your employer to pay you more than the poxy ₦30k they currently pay you, because, in my own opinion, you do deserve to be paid more than slave wage if you yourself are worth more that is.

I'm thinking you should be worth at least ₦60k, though that's still very little and far beneath your worth. But if I tax you 50% of 60k, you'd still take home more than you currently do after tax, see?

You seriously got to learn to fight for your rights instead of expecting to be given them out of the kindness of my heart!

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

This is a silly questions, the ones that were stolen has it been recovered yet?

Working your ass off to pay for the expensive lifestyle of few people in gvt or that makes up the cabal

obailala:
How is it illegal? Please provide the specific law that says so?

If your claim was that it doesn't portray sufficient level of patriotism (even though that's a watery argument just to disguise the disdain towards the individual),, that would have been a better argument even. Please explain what's illegal about it.

1. it is illegal to hold a position as directorship of any company and maintain an elective, ministerial and government post - Section 6 CCB Act
2. It is not only illegal but criminal to employ secrecy to hide offshore holdings. Aside from failing to declare, you are evading taxes doing so which is clearly different from permissible tax avoidance
3. When you operate foreign accounts, simply declare and deactivate those accounts while you hold public office or get a trust to operate it and have nothing to do with it till you're out of government. The law (both the consititution and public service code of conduct) clearly states you cannot operate a foreign account

emmykk:
Since you don't have any knowledge of Accounting the padorax leak on Peter Obi and any news about it should not have interest you because you are a novice to what is been discussed.
You should shut up,humble and appreciate what is been discuss instead of making fool of yourself in public forum

Padorax? Confess, you're a dropout or something

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.

I’ve been an ardent tax payer, but what has it benefited me? Leaders marrying 16 year old as 4th wife?

mapet:
1. it is illegal to hold a position as directorship of any company and maintain an elective, ministerial and government post - Section 6 CCB Act
2. It is not only illegal but criminal to employ secrecy to hide offshore holdings. Aside from failing to declare, you are evading taxes doing so which is clearly different from permissible tax avoidance
3. When you operate foreign accounts, simply declare and deactivate those accounts while you hold public office or get a trust to operate it and have nothing to do with it till you're out of government. The law (both the consititution and public service code of conduct) clearly states you cannot operate a foreign account

You think the man the man you accuse is such a dumbo not to know these things? He rightly told you in that interview yesterday that he followed all these laws to the letter, so why exactly is this atill an issue?... he mentioned in that interview that he resigned from the board of over 10 companies the very day he was announced governor, so why exactly are you still calling for his neck? Irrational hatred (or probably partisan or tribally infuenced)??

obailala:
You think the man the man you accuse is such a dumbo not to know these things? He rightly told you in that interview yesterday that he followed all these laws to the letter, so why exactly is this atill an issue?... he mentioned in that interview that he resigned from the board of over 10 companies the very day he was announced governor, so why exactly are you still calling for his neck? Irrational hatred (or probably partisan or tribally infuenced)??

He resigned from the board of over 10companies he said, then why did it take him 14 months after he became Governor to resign the directorship of Next International UK? Is that compliance?

Was he ignorant of the law or he was just wilfully cheating the system.

Hatred? Did he break the law or not? You know my “hatred” led him to break the law

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.

Our rich people took out their money to go and pay tax in foreign countries. Our poor people are hailing them as the solution to our problems

Angeldemon:
Most Nigerians dont like paying tax because the governments havent been using it for what its meant for. Instead they embezle it.
So paying tax in Nigeria is like just dashing your money to a random man on the street for no reason

When in the history of Nigeria were ordinary people ever paying income tax enmass since the end of the colonial era?

Apart from civil servants and until very recently, a sprinkling of major corporate workers

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!

Why did he fail to declare his interests in these foreign companies as demanded by the law guiding public service?

How are we sure Anambra money did not end up in those company accounts? It's very easy as contractors will pay a third party who will transfer to those shell company accounts. Until the company transactions are scrutinized you can't conclude from a mere interview.

It's easy to suspect the concealment of the existence of those offshore companies is with intent to commit felonies.

potent5:
It's a stoopid post. Op wants someone to invest in this country without level playing field, where a rich few are given import waivers and allowed to have monopolies.

It's worse than a senseless post.

Even when Obi was in government the ground was not level and he could not bring his money home, I see

mapet:
He resigned from the board of over 10companies he said, then why did it take him 14 months after he became Governor to resign the directorship of Next International UK? Is that compliance?

Was he ignorant of the law or he was just wilfully cheating the system.

Hatred? Did he break the law or not? You know my “hatred” led him to break the law

If he actually truly broke the law like you desperately claim, you dont think his political opponents would have capitalised on that in 2019?..... I laugh!

obailala:
If he actually truly broke the law like you desperately claim, you dont think his political opponents would have capitalised on that in 2019?..... I laugh!

..,..and because they did not capitalise on it, it means he did not break the law.

It's like saying the armed robber is not an armed robber until they are captured.

The extent that you people go to defend rubbish is nauseous and mind-boggling..

obailala:
If he actually truly broke the law like you desperately claim, you dont think his political opponents would have capitalised on that in 2019?..... I laugh!

You mean his political opponents' action are what determines his contravention or otherwise? Haba! Guy, you're underwhelming here.

What his political opponent does with the information is not my problem. Did Peter Obi break the law or not? Have you been able to address the 3 infractions as submitted by the investigative journalists, which any rational human being can see are clear contravention of the constitution?

Why are you even trying to defend something that is as clear as day? Your moral compass must be that compromised that you want to hide under some excuse to defend what is clearly evidenced by facts.

mapet:
You mean his political opponents' action are what determines his contravention or otherwise? Haba! Guy, you're underwhelming here.

What his political opponent does with the information is not my problem. Did Peter Obi break the law or not? Have you been able to address the 3 infractions as submitted by the investigative journalists, which any rational human being can see are clear contravention of the constitution?

Why are you even trying to defend something that is as clear as day? Your moral compass must be that compromised that you want to hide under some excuse to defend what is clearly evidenced by facts.

NGpatriot:
..,..and because they did not capitalise on it, it means he did not break the law.

It's like saying the armed robber is not an armed robber until they are captured.

The extent that you people go to defend rubbish is nauseous and mind-boggling..

@NGPatriot and @Mapet, you guys are both laughable in your desperation here. You believe you're smarter than the entire APC machinery that toiled day and night to dig filth on him, with no success?

When governor in Anambra, the entire state assembly plotted ways to unseat him for refusing to share the cake. Eventually he was impeached for the most silly reason (creating a savings fund without consulting the state assembly). @Mapet, you really think if he didnt resign from the board of a company he's well known for, the entire state assembly wouldn't have picked on that? Funny!

You say I'm defending him? I accept it fully with my chest, YES I AM DEFENDING HIM because in terms of integrity, he stands out several miles apart from your other typical politicians (who some of you even defend blindly).

He wasnt even the only person mentioned in the Pandora papers but so far, he appears to be the only one who's come out on TV to not only boldly confirm the Pandora findings, but also detail how he hasn't broken any law. You really think the man and his lawyers are so dumb to let him go confirm those things on air if they had the slightest worry that he may have broken the law?.... You guys must really think the man is an idiot.

Politicians steal billions and are defended, but the only thing you can cling onto for Mr Obi is that "he didnt resign from the directorship of a company"? This already speaks volumes on his record.

obailala:
@NGPatriot and @Mapet, you guys are both laughable in your desperation here. You believe you're smarter than the entire APC machinery that toiled day and night to dig filth on him, with no success?

When governor in Anambra, the entire state assembly plotted ways to unseat him for refusing to share the cake. Eventually he was impeached for the most silly reason (creating a savings fund without consulting the state assembly). @Mapet, you really think if he didnt resign from the board of a company he's well known for, the entire state assembly wouldn't have picked on that? Funny!

You say I'm defending him? I accept it fully with my chest, YES I AM DEFENDING HIM because in terms of integrity, he stands out several miles apart from your other typical politicians (who some of you even defend blindly).

He wasnt even the only person mentioned in the Pandora papers but so far, he appears to be the only one who's come out on TV to not only boldly confirm the Pandora findings, but also detail how he hasn't broken any law. You really think the man and his lawyers are so dumb to let him go confirm those things on air if they had the slightest worry that he may have broken the law?.... You guys must really think the man is an idiot.

Politicians steal billions and are defended, but the only thing you can cling onto for Mr Obi is that "he didnt resign from the directorship of a company"? This already speaks volumes on his record.

You're just dancing about needlessly not addressing the questions posed to you. We do not make any claim of smarts, rather we only pointed you to simple fact of Peter Obi's infraction. Instead of you to address it pointedly, you're dancing around making useless excuses and comparison.

Now you accept you're defending him? What was the self-deluded position that you were not defending him about?. Pray tell! What integrity are you referring to when the outcome of Pandora Investigation explicitly shows Peter Obi lacks Integrity? Don't tell us stories of what Obi did or refused to do. Simply address the fact that he broke laws in the constitution and CCB codes. He wasn't the only one in the Pandora box, yet he came with watery defense. Gov. Oyetola of Osun state also came out (through his Press Secretary) to defend himself . He did not offer watery defense like Peter Obi. Oyetola stoutly stated that he had resigned the board of the company in question before assuming office as Chief of Staff to Gov. Aregbesola, something Obi cannot claim with Next International UK. That is a defense that can be scrutinized and validated. Peter Obi's defense Next-wise needs no scrutiny, it simply falls flat.

mapet:
You're just dancing about needlessly not addressing the questions posed to you. We do not make any claim of smarts, rather we only pointed you to simple fact of Peter Obi's infraction. Instead of you to address it pointedly, you're dancing around making useless excuses and comparison.

No you accept you're defending him? What was the self-deluded position that you were not defending him. Pray tell! What integrity are you referring to when the outcome of Pandora Investigation explicitly shows Peter Obi lacks Integrity? Don't tell us stories of what Obi did or refused to do. Simply address the fact that he broke laws in the constitution and CCB codes. He wasn't the only one in the Pandora box, yet he came with watery defense. Gov. Oyetola of Osun state also came out (through his Press Secretary) to defend himself . He did not offer watery defense like Peter Obi. Oyetola stoutly stated that he had resigned the board of the company in question before assuming office as Chief of Staff to Gov. Aregbesola, something Obi cannot claim with Next International UK. That is a defense that can be scrutinized and validated. Peter Obi's defense Nextwise needs no scrutiny, it simply falls flat.

Lol... And the desperate pull-him-down syndrome approaches a more ridiculous dimension. Mr Oyetola said he resigned from the board before taking up a govt position; you believed him! Mr Obi said he resigned from the board the day he was announced governor; you say his own claim is 'watery', that he's a criminal who broke the law? how ridiculous! What's the evidence you have to prove that Obi's claim is false?

By the way, I never mentioned anywhere that I wasn't defending him. I'm definitely defending him from compulsive pull-him-down merchants like yourself, who would stop at nothing to tear him down (probably because of partisan or possibly tribal sentiments). Hate him or love him, but his integrity clearly stands out amongst his peers; there're only a few leaders in Nigeria who can match him in that regard. For a Nigerian politician and an ex-governor, that the only thing you can pin on him is an accusation that he didnt resign as a board director when he assumed office, that already says a lot about him.

You keep desperately repeating the same line that he broke the law and that he lacks integrity, but the man has come out boldly to tell you your accusations against him is watery nonsense! He claims he knows the law very well and is confident he hasn't committed any infractions; he's also boldly challenged you and your likes to take him to any court if you think he's guilty. Oga, social media judge and jury don't take anyone to jail! If all you can come up with is all these non-resignation stuff, or 'resignation by phone' like someone else put it, then you really have to try much harder to convince me that the man is a typical Nigerian politician (crook).

obailala:
Lol... And the desperate pull-him-down syndrome approaches a more ridiculous dimension. Mr Oyetola said he resigned from the board before taking up a govt position; you believed him! Mr Obi said he resigned from the board the day he was announced governor; you say his own claim is 'watery', that he's a criminal who broke the law? how ridiculous! What's the evidence you have to prove that Obi's claim is false?

By the way, I never mentioned anywhere that I wasn't defending him. I'm definitely defending him from compulsive pull-him-down merchants like yourself, who would stop at nothing to tear him down (probably because of partisan or possibly tribal sentiments). Hate him or love him, but his integrity clearly stands out amongst his peers; there're only a few leaders in Nigeria who can match him in that regard. For a Nigerian politician and an ex-governor, that the only thing you can pin on him is an accusation that he didnt resign as a board director when he assumed office, that already says a lot about him.

You keep desperately repeating the same line that he broke the law and that he lacks integrity, but the man has come out boldly to tell you your accusations against him is watery nonsense! He claims he knows the law very well and is confident he hasn't committed any infractions; he's also boldly challenged you and your likes to take him to any court if you think he's guilty. Oga, social media judge and jury don't take anyone to jail! If all you can come up with is all these non-resignation stuff, or 'resignation by phone' like someone else put it, then you really have to try much harder to convince me that the man is a typical Nigerian politician (crook).

Stop falsifying statements...Peter Obi resigned Next International 14months after becoming Governor. He's yet to refute it and the evidence is clearly documented.

mapet:
Stop falsifying statements...Peter Obi resigned Next International 14months after becoming Governor. He's yet to refute it and the evidence is clearly documented.

Why dont you take your so called, well documented evidence to court? Why beat about the bush on social media pulling people down based on conjured allegations?... Social media judge, jury and police!

ozo13:
We still have a long way to go when it comes to tax administration.i was going through some stuffs online as regard value added tax and discovered Nigeria VAT stands at 7.5% and the least in Africa continent.

That 7.5 youre paying is just one of many taxes w pay as nigerians.
We pay multiple tax here. Those countries dont pay multiple tax

Angeldemon:
That 7.5 youre paying is just one of many taxes w pay as nigerians.
We pay multiple tax here. Those countries dont pay multiple tax

alright.i will check through

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.

The tax in developed countries are friendly...
In Business, you don't care about love.
You only care about the profit that remains after the expenses and losses.
...
So, with this, it is easier to do business in a more tax-friendly country.
..
Can Nigeria be more friendly then??