soccerlite:



Some of you just hear one political gribbish someone and resound it

Which tax gangan are a lot people not paying

Make the research yourself

Why don't this stupid imf give such satanic advice to USA, UK, Europe etc


They love nigeria, still they have not built a refinery for nigeria


Stupïd satanic neo colonialists tool

Vision101:
When experts talk the ordinary people should listen. Our revenue to GDP ratio is very low. Our income tax to GDP ratio is very low. Why have we been having budget deficits. The answer is funding gap.

The gap can only be filled with either loan, ways and means or taxation. We don't want further loan and ways and means therefore more taxes and alternative sources of revenue must be found.

The lowest fruit is tax. A lot of people in the informal sector don't pay direct tax. A lot of rich Nigerians don't pay their true tax. How many Nigerians pay capital gains tax and capital transfer tax for all the properties that we sell?

The era of petrodollar has gone that's why subsidy has to be removed. Our naira has been artificially overvalued because of petrodollar. Our productivity doesn't match our lifestyle.

Recently the UK was looking for how to find money for some social needs. They decided to find it through increasing charges on immigrants. That's how governments are ran. Government must find money somewhere to fund provision of social needs.

What we should be asking for should be reduction in cost of governance, corruption and optimal usage of resources. None of these will take the place of the above.

Tough and unpopular decisions are required to win back our economy. People are busy wasting time on ordinary paper called certificate.

I don't envy president BAT.

Nothing more to add.

JuanDeDios:

They're not "cruel". These policies have actually worked in Asian countries. Africa is a different matter because of low productivity.

Let's take China or Malaysia for instance.
Corruption is minimal and anyone found guilty of corruption pays the price but will same ever be the case in Nigeria?.
If we want to be like the Asians let's copy their template verbatim then.

slivertongue:
hope it's not from the poor

The poor voted for GMB 2x .. who fnked up the economy.
The poor voted for BAT to continue with GMB’s policies..
Poor must pay

Paraman:
Make the research yourself

Nonsense!

soccerlite:



Why don't this stupid imf give such satanic advice to USA, UK, Europe etc


They love nigeria, still they have not built a refinery for nigeria


Stupïd satanic neo colonialists tool

Let me start by telling you about a doctor I know who is very intelligent and won't jakpa to the UK because, as he put it, in the UK, the tax rate is such that they will take half his salary in tax before he even thinks about take home

US, UK Europe, all of them...PAY HIGH TAXES. Infact in the USA, there are many people of all races and colors and walks of life who are either in jail or being prosecuted by the government for not paying their taxes. I have mentioned UK. Then there is Germany. The higher your income band, the higher your tax rate..as much as 46%. Denmark is just as bad as UK...they get free education and health there, but in return, half your income goes as tax to government

All of those UK , US, Europe,....all of them PAY HIGH TAXES. In USA...if you own a house, they would collect tax from you. (Like one woman who owned one bedroom flat. Na 1200 Dollars dem dey collects from am each month...and the woman's income could not cope.

They have all taken IMF's advice...and that's why most of them have not been IMF customers in years. Last time UK collected IMF loan was in 1979, and they paid it back quick quick. Since then, they have been free of IMF, meanwhile every UK citizen pays income tax, council tax, even tax on television (yes, TV licence...you own a tv, YOU pay it...and that includes even foreigners).


Honestly if your leaders decided to charge you tax the way they do in Europe, you go think say Satan has landed in Nigeria with 200 billion demons to commence torture.

JuanDeDios:

They're not "cruel". These policies have actually worked in Asian countries. Africa is a different matter because of low productivity.

Indeed...low productivity means low GDP...nothing much to tax at the end.

BigIyanga:

The poor voted for GMB 2x .. who fnked up the economy.
The poor voted for BAT to continue with GMB’s policies..
Poor must pay

Uncomfortable truth

Their thoughts and actions are backed by sentiments,narrow thinking and mainly pecuniary induced

debeginin:

Let's take China or Malaysia for instance.
Corruption is minimal and anyone found guilty of corruption pays the price but will same ever be the case in Nigeria?.
If we want to be like the Asians let's copy their template verbatim then.

We have to fight corruption. You won't get any argument from me on that.

The problem is, our income before corruption is too low for a nation our size. 80% of our income is from oil, and that income would have been sufficent if our country was as small as Qatar population wise. If we wanted to be a rich oil nation, we should be producing something like 60 million barrels a day, and hope that oil stays at 100 dollars a day, maybe we would live like the Qataris and Saudis.

That's why IMF is suggesting we should raise tax. Remember I said 80% OF our income is from oil. Of the remaining 20% a tiny part is from taxes. Tax to gdp is low. Very low. So, in the short term, the only way to earn some money is to do as mummy imf says and get more cash from the tax...otherwise it is going to be more and more loans...and IMF doesn't like our face any more.

victory36:
worked in which Asian countries? Sri Lanka that is a shadow of itself thanks to IMF? Singapore and south Korea both have a reason why they banned IMF help. Even china hates the IMF more than it hates the US. It's only poor desperate countries that find themselves duped by IMF who then introduce unclear policies to keep them licking the boots of the western corporate giants. No reasonable country goes to IMF for funds that's why chinese loans seem more attractive

1Sri Lanka did not take IMF advice, that's why they are a mess

2.Singapore has a high enough GDP that they can tax it minimally..and earn a lot of money (and they are a very tiny country). Then Singapore is rich because they are the gateway to SE ASIA. Massive tax revenues from all the shipping and trade passing through.

3.South Korea is an industrial exporter. Industrial exporters most of the time never fall into IMF's trap because they can earn far more money than resource dependent countries. Same for China.

4.Most African countries fall into IMF's trap because the price of the raw materials they sell is never where they want it to be, so when prices fall, revenue fall...and loans have to be taken.

ogododo:


https://dailypost.ng/2023/10/14/imf-proposes-higher-taxes-as-solution-to-nigerias-fiscal-challenge/

IMF HAS ALWAYS BEEN A SALT IN OUR INJURY

It's the best interest of the western world for Africa to be like we are now.... They make billions everyday from Africa and Africa becomes self sustaing to a large extent then oyinbo in western world go dey beg Africa for help.

I mean why do they call customer na and Russia security threat?.... Just because these two countries are self sustaining and not dependent on western world for survival...aka they are not slaves.

jacobs2015:
It's obvious the major sinister motive of all these western agencies is to impoverish, dehumaize and render Africans redundant, hopeless and helpless.

America's World Bank advised our govt to remove subsidy and like a magic, the economy would bounce back, knowing fully well that lack of funds was never due to subsidy payment, but just to make life harder for us.

Now the twin sister of World Bank is telling the FG again to increase taxation as if the consequence of subsidy removal was not enough, now encouraging the govt again to implement another hardship advice.

No international agency has the genuine progress of Africa at heart. All is smokescreen with stupid analysis to bamboozle us.

They should keep listening to external forces
Listen to people outside your home o
They will help you fix it with their advice. Lol

caye:


May the Most High God render you joyless, at the end of your years on earth.
Tell me , which Asian county IMF policies worked?

Philippines : where most of the population turned to garbage scrap collection; till Duterte started a home grown policy. During the last dictator's reign, drug traffickers grew till Duterte came to stamp them out

Vietnam:- that was bombed into oblivion?

Indonesi:- siluffered the effects of sponsored terrorism, a consequence of USA policies of the 70s and 80s , and internal wars


Just tell me, you brood of snakes and scorpions.

Your white race will be ended by Mother Earth.
Shebi you have your Agenda 2030?
Don't worry, you will all start dying, just like you have both directly and indirectly murdered millions of Ebony skinned folks.

If you had the power to command the MH to do anything, I doubt life would have made you such an angry man. I wish you love and light.

God punish this people. Imagine, pay more to solve your problem of not being paid more.

CodeTemplar:
What IMF is saying is a good step we are not positioned or ready for. That makes it a bad advise.
Production/productivity precedes taxation. Tax is a cut if something donated towards appointed authority for use for the good of all. The level of that something is so low, people are largely surviving and taxing someone for survival is different from taxing them for prospering or remaining prosperous.

Yeah.

onuman:


Any punishment to make black Africans disappear from the face of the earth is good for those international organisations.
Fair for a round trip flight from Europe to America is about five times less than the fare from Europe to African countries. Why?

those guys are pure evil , and wicked towards Africans. That is why they hate military governments, they know those ones will never play to their tune. Demonic creatures

I was young and now I'm old.

There still is no record of any developing nation evolving to a developed state after applying IMF advice

Considering that the IMF is 80yrs old.

That should tell you one of two things.

Either the IMF is a catastrophic failure at helping developing nations become developed...

Or it's a phenomenal success at ensuring that developing nations NEVER develop.

Pick One!

Soon we will all invade Aso Rock and arrest their puppet old fool.

We have to liberate ourselves from these enemies of progress headed by Tinuburuku

If we are truly serious about the growth and development of Africa, we need to start taking the opinions of these institutions as secondary.
The more we give room for them to dictate how our economy should be run, the more it appears to be that they are a de-facto government.
These organizations become irrelevant when African countries behind to see strength in her diversities rather than hate and distrust.
Ask yourself this question "IF THE WORLD IS AT PEACE AND PEOPLE LEAVE IN LOVE, RESPECT AND HARMONY, WILL ORGANIZATIONS LIKE UN, IMF & WFP BE RELEVANT?

Humans easily fall victims when being led by EMOTIONS rather than LOGIC.

Evil Organization

slivertongue:
hope it's not from the poor

you mean the mentally poor people of Nigeria

CBN, National Economic Council, Research Economics professionals have abdicated their responsibilities.
Now imf is running the show. A real tragedy.

jmoore:
Tax corruption.
Corruption is eating our revenue.

When we start taxing corruption, we will earn billions of dollars.

billion of Naira not dollar, Nigerian killed their currency for dollars, they will continue to be slave to dollars

zed7:
IMF only meddle in poor countries affair. I don't hear IMF dictating to western nations. This is what happens when you squander your resources and beg for handouts.

It's the case of a rich neighbour dictating to you how to raise your kids and make love to your wife because you keep going to beg him for handouts. If you manage your garri in peace and keep your shoulders high, the rich neighbour wouldn't dare meddle in your affairs.

But garri won't be enough.
Swallow your pride and beg for food
Or be arrogant in your poverty and die.

It's high time Africa knows that nobody give a hoof about them. It's not their business that you're poor and the collective people are not productive enough, if you want handout lick their ass, if not, GTFO.

Tinubu want finish is pata pata be that. After high taxation they will still come up with another excuse. Nigeria is not working because we simply don't want it to work

IMF must be silly. Are they in Nigeria to feel what we are feeling?

People at IMF be collecting air conditioned breeze over there and pontificating on their useless policies for us. Is it not their policies that contributed massively to getting us here?

Can you imagine someone saying taxes should be increased now?

This sort of talk provokes me.

👀👀Ogun kee Una and the useless govt of self serving THIEVES!
Khaki boys needs to halt these rubbishNESS ASAP!
# the shyyythole from fry pan to fire 🔥

IMF should stop selling generic script to us and stop using us as experiment for post imperialism and for depending their neocolonialism strategy.

Lies. All lies

ogododo:


https://dailypost.ng/2023/10/14/imf-proposes-higher-taxes-as-solution-to-nigerias-fiscal-challenge/

The article headline/topic is misleading!! The topic says higher taxes, but the article sys more revenues. They are not the same thing.

More revenue can be raised by increasing the collection efficiency and bringing people into the tax net, while taxes rates are exactly the same!!