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Nairaland Forum / Nairaland / General / Politics / Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? (1091 Views)
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Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by CodeTemplar: 12:59pm On Mar 12, 2023 |
Is It Proper For Alpha Beta to Get Fixed Cut of Lagos Tax Revenue? Considering how taxes are paid, the process of receiving a N10 million tax into the state coffer is similar to the process of receiving a N1,000 tax. Why should a consultant get a cut of 10% for both transactions thereby banking N1million for the bigger tax and just N100 for the smaller tax. The cut of Apha Beta as a consultant is suppose to be a flat fee if it is to be done on a transaction amount basis. |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Jogs1900: 1:16pm On Mar 12, 2023 |
CodeTemplar:Don't you know that from the 10%, banks earn as high as 3% from each transaction?They are working to increase it to 5%. 3 Likes |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Johnjustice: 1:20pm On Mar 12, 2023 |
Mumu, all nations round the world work with consultants or concession companies. Alpha beta is a consultant for various institutions not just Lagos state government, consultants get a commission, in the case of concession, there are defined agreements. Do you know a Nigerian man owns the consultant company that runs Heathrow airport? If not for alpha beta, Lagos state government tax will be ending up in the hands of corrupt civil service staff, and government officials, Lagos state would not be able to have enough IGR revenue to carry out expensive projects, like deep sea ports, red line, blue line, free trade zone, Eko Atlantic etc. Stop dishing out false information, this is the problem with nairaland, any dummy can post a topic. Nairaland must work on having bots or mods to detect and remove falsehood immediately, this your topic, is a lie and misleading. What alpha beta is doing is management/consultancy services. What's important is that alpha beta is helping the state boost IGR, by efficiently helping to harness and process it's tax asset. 5 Likes |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by swaggerjack: 1:22pm On Mar 12, 2023 |
CodeTemplar: Lagos state could have got KPMG, Deloitte, PWC, EY, Accenture to develop a tax software for a few millions dollars and turned over ownership to the state goverment as is done in developed countries. Instead for the last 20 years Alpha Beta has collected more than a billion dollars in commission that could have been used to develop Makoko, Ajegunle and pay for the terrible road infrastructure in Lagos state. 3 Likes 2 Shares |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by allcomage: 1:26pm On Mar 12, 2023 |
That's is a heist to say the least, it should have been one payoff contract.It can only happen in Nigeria where corruption walks on four legs. 3 Likes 1 Share |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Femmyfamous4u(m): 1:28pm On Mar 12, 2023 |
It's called consultancy. I need to know who owns REMITA as well . As most FG payment is done through It. 1 Like |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Difrent: 1:30pm On Mar 12, 2023 |
CodeTemplar: Are other companies providing similar services not being paid fees? Do you use quickteller or remitta for free? If Lagos state government dont have an issue with the fees paid why should chukwudi from anambra have an issue with that I recall remitta also wanted 10% but considering the huge volume of FG transactions rep members negotiated (or forced) it to 5%. 3 Likes |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by swaggerjack: 1:32pm On Mar 12, 2023 |
allcomage: There was no open bidding against the Public Procurement Act. And Freedom of Information (FOI) requests to look into details of the contract and revenue collected since 2003 by Alpha Beta have been rejected. 1 Like 1 Share |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by anonymous1759(m): 1:34pm On Mar 12, 2023 |
If Alphabeta is your private company won't you collect your commission after working ? Is Alphabeta not collecting commissions from other states its operating? 2 Likes |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Hoelujohn: 1:34pm On Mar 12, 2023 |
Johnjustice:Will you support another company that can promise increase revenue generation and reduction in commission by over 70%? 1 Like |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Johnjustice: 1:37pm On Mar 12, 2023 |
Hoelujohn:Come out with your full chest, post your phone number, if you can defend this brazen lie of yours. You are a stupid liar, alpha beta receives within 10/15%, normal range of management and consultancy fees. Post proof of your stupid lies. Stupid ipob propangandists. 3 Likes |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Hoelujohn: 1:40pm On Mar 12, 2023 |
Johnjustice:Read my comment very well. I said there are other companies that will be willing to collect 3-5%. 1 Like 1 Share |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Johnjustice: 1:44pm On Mar 12, 2023 |
Hoelujohn:Stop talking rubbish, 10% is not bad, it's more about their contribution. Before alpha beta came into the picture, the state was making only 500million yearly from taxes, Alpha beta brought efficiency and blocked leakages, companies and cooperations run societies, influential people get contracts, the most important thing is that alpha beta is doing a good job. Please advise your barren state, I think Lagos is doing way better. You clowns should focus and advice your states. Check IGR of states in Nigeria, Lagos is not your business. 3 Likes |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by CodeTemplar: 10:54am On Apr 12, 2023 |
Johnjustice: Contribution you say. Same form and document and bandwidth used to process N10m tax is used to process a N1000 tax. If profit is made on the lower amount that means a disproportionate profit(corruption) is being made on the larger amount. 1 Like 1 Share |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by IgOga(m): 10:56am On Apr 12, 2023 |
you want Lagos to be like Edo 3 Likes |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Femmyfamous4u(m): 11:05am On Apr 12, 2023 |
CodeTemplar: Why does REMITA and banks charge you for payment? |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by seanfer(m): 11:06am On Apr 12, 2023 |
OP would prefer the situation in states like Anambra, Oyo, Bayelsa where thugs are the ones collecting revenue on behalf of the government. 4 Likes |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by CodeTemplar: 11:09am On Apr 12, 2023 |
Femmyfamous4u:to cover running cost and make profit. Your JSS3 Busuness Studies or SS1 Economics class should have taught you that. What I am after is collecting a fixed percentage as against a flat rate. |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Femmyfamous4u(m): 11:11am On Apr 12, 2023 |
CodeTemplar: It all depends on agreements. 3 Likes |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by CodeTemplar: 11:11am On Apr 12, 2023 |
seanfer:Use your brain if you have one and it us working. Collecting a percentage of tax irrespective of effort it took to receive it is unfair. It doesn't take more effort to receive a N100m tax than a N1m tax. |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by CodeTemplar: 11:14am On Apr 12, 2023 |
Femmyfamous4u:agreements aren't aren't always fair to the state govt as there is a real possibility of collusion, sabotage or outright conspiracy by representatives of the govt structure to milk the people. The fairness of that agreement is what I raised a question on. |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Femmyfamous4u(m): 11:15am On Apr 12, 2023 |
CodeTemplar: You're right. It can be negotiated better. |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by Johnjustice: 11:19am On Apr 12, 2023 |
CodeTemplar:How much is your state IGR? In this system, it's good to think about your state, Lagos is doing fine. Olofofo. 1 Like |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by CodeTemplar: 11:23am On Apr 12, 2023 |
Femmyfamous4u:You see my point. This structure will likely lead to laxity in tax collection from the poor. That's part of what is fueling agberoism. The men in Suits and Agbada go after the huge taxes and leave the thugs to collect the smaller taxes from the low income folks. 1 Like 1 Share |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by seanfer(m): 11:46am On Apr 12, 2023 |
CodeTemplar: Use your brain make research, other states are using the service of consultants, but you have issues because it is lagos... FG has been using remita for years. 1 Like |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by omohayek: 11:50am On Apr 12, 2023 |
CodeTemplar:This comment only shows that you have no understanding of how incentives work. If AlphaBeta (or any other such consultancy) were being paid a flat rate, what incentive would they have to do more than the bare minimum required to earn that rate? Why do you think salesmen are paid on a commission basis? 5 Likes |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by CodeTemplar: 11:59am On Apr 12, 2023 |
omohayek:incentive in saner places are for the ones paying the tax and not a mere consultant managing tax collection. |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by CodeTemplar: 12:01pm On Apr 12, 2023 |
seanfer:corruption elsewhere doesn't justify one around. It is the same error. 1 Like 1 Share |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by omohayek: 12:05pm On Apr 12, 2023 |
CodeTemplar:What does any of this mean? We are talking about the incentives to collect taxes! That's what Lagos State hired AlphaBeta to do! It's obvious that they do an excellent job of it, and the reason they do is because Lagos has given them the right incentives to carry out the job with zeal. You seem like the sort of short-sighted person who thinks it's more "proper" to pay an employee a flat N50k and see that employee bring in N250k over that time period, rather than pay 10% to the same employee to go hustle and pull in N15 million, so fixated are you on the extra N1.45 million you'll "lose" that you give up N13.25 million instead. Thank goodness the leaders of Lagos haven't suffered from your kind of myopic pettiness. 7 Likes |
Re: Is It Proper For Alpha Beta To Get Fixed Cut Of Lagos Tax Revenue? by PROUDIGBO(m): 12:07pm On Apr 12, 2023 |
Femmyfamous4u: Hehehehehe |
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