NEC Recommends Withdrawal Of Tax Reform Bill - Politics

NEC Recommends Withdrawal Of Tax Reform Bill - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › NEC Recommends Withdrawal Of Tax Reform Bill (8479 Views)

NEC Recommends Withdrawal Of Tax Reform Bill by Wisdomkosi(op): 5:23pm On Oct 31, 2024

The National Economic Council (NEC) has advised that the Tax Reform Bill, currently in the National Assembly, be withdrawn.

The NEC is led by Vice-President Kashim Shettima and includes state governors as members.

After their meeting on Thursday, Oyo State Governor Seyi Makinde disclosed that the NEC decided to withdraw the bill due to disagreements and concerns raised by various groups.

“NEC noted the need for sufficient alignment on the proposed reforms and recommended the withdrawal of the tax reform bills,” he stated.

“We saw the gap and decided that there is a need for a wider consultation,” he added.

Source : https://politicsnigeria.com/breaking-nec-recommends-withdrawal-of-tax-reform-bill/

1 Like

Re: NEC Recommends Withdrawal Of Tax Reform Bill by Babzrockman: 5:42pm On Oct 31, 2024

What is left for this govt to do again? Instead of looking for ways to reduce this hardship, T-pain wants to pile up more hardship on us.

Tinubu is a disaster.

20 Likes

Re: NEC Recommends Withdrawal Of Tax Reform Bill by Leboska(m): 5:43pm On Oct 31, 2024

lol

Re: NEC Recommends Withdrawal Of Tax Reform Bill by helinues: 7:21pm On Oct 31, 2024

Good

We have a listening government . It would still be introduced but gradually.

Some decisions, you don't have to go full out

45 Likes 3 Shares

Re: NEC Recommends Withdrawal Of Tax Reform Bill by tanigororo: 7:57pm On Oct 31, 2024

Tooh

Re: NEC Recommends Withdrawal Of Tax Reform Bill by ebufa: 8:39pm On Oct 31, 2024

Ever8090:
Anything North opposes does not go trough in this country, d kind power wey illiterate Aboki get for this country dey wonder me .....

Agbado can never abandon his Senior brother Aboki, who saii ! if it is IPOB now, they will sharpen mouth!!

8 Likes

Re: NEC Recommends Withdrawal Of Tax Reform Bill by tishbite42: 9:18pm On Oct 31, 2024

Ever8090:
Anything North opposes does not go trough in this country, d kind power wey illiterate Aboki get for this country dey wonder me .....

It is painful
Cowardice of the South

6 Likes

Re: NEC Recommends Withdrawal Of Tax Reform Bill by richiemcgold: 9:28pm On Oct 31, 2024

It should not be totally withdrawn, there's room to refix the contending parts of the bill. Every region stands to gain a lot from tax reform bills. It is time for the federal lawmakers to use their brains if they have any.

5 Likes

Re: NEC Recommends Withdrawal Of Tax Reform Bill by PheelzAlmighty: 9:52pm On Oct 31, 2024

There was a country

Re: NEC Recommends Withdrawal Of Tax Reform Bill by Melagros(m): 9:54pm On Oct 31, 2024

COMRADES are speechless grin

Re: NEC Recommends Withdrawal Of Tax Reform Bill by HydraFeeds(m): 9:57pm On Oct 31, 2024

The tax reform is good, only freeloaders are against it.

2 Likes

Re: NEC Recommends Withdrawal Of Tax Reform Bill by datola: 10:00pm On Oct 31, 2024

HydraFeeds:
The tax reform is good, only freeloaders are against it.

What is good about increasing VAT percentage instead of reducing it.

As if they will use the money for the good of the society.

They are just increasing the pool of money to loot

4 Likes

Re: NEC Recommends Withdrawal Of Tax Reform Bill by Nobody: 10:07pm On Oct 31, 2024

Sorry

Re: NEC Recommends Withdrawal Of Tax Reform Bill by Nobody: 10:08pm On Oct 31, 2024

HydraFeeds:
The tax reform is good, only freeloaders are against it.

As a patriotic citizen you can request to shoulder taxes for others na

Re: NEC Recommends Withdrawal Of Tax Reform Bill by senatepresido: 10:19pm On Oct 31, 2024

Ever8090:
Anything North opposes does not go trough in this country, d kind power wey illiterate Aboki get for this country dey wonder me .....

They’re far more educated than you

4 Likes 1 Share

Re: NEC Recommends Withdrawal Of Tax Reform Bill by TooMuchStuff: 10:19pm On Oct 31, 2024

Ever8090:
Anything North opposes does not go trough in this country, d kind power wey illiterate Aboki get for this country dey wonder me .....

That Bill must be passed. The Bill is on Point.

Hisbah Sharia police can't get paid salaries from VAT on ALCOHOL consumed by Infidels while they go about destroying millions of bottles of same alcohol everywhere in their states. Na na na....

7 Likes

Re: NEC Recommends Withdrawal Of Tax Reform Bill by Onewazobia(m): 10:21pm On Oct 31, 2024

Babzrockman:
What is left for this govt to do again? Instead of looking for ways to reduce this hardship, T-pain wants to pile up more hardship on us.

Tinubu is a disaster.

You didn't said all these when your lord and master was there, AKA BUBU

Re: NEC Recommends Withdrawal Of Tax Reform Bill by HydraFeeds(m): 10:39pm On Oct 31, 2024

datola:
What is good about increasing VAT percentage instead of reducing it.

As if they will use the money for the good of the society.

They are just increasing the pool of money to loot

That's not my point. They want to reform the tax so that each state will keep about 60% of the tax while the FG takes 40% instead of the previous method, where all the tax is collected by FG and then redistributed to all the states based on certain criteria.

4 Likes

Re: NEC Recommends Withdrawal Of Tax Reform Bill by Iolo(m): 10:44pm On Oct 31, 2024

Nigeria sadly has a culture of foot dragging its way through any serious reforms under the guise of consultations.

Same thing happened to the PIB reforms, constitution amendment and several others that got stalled at the National Assembly for several decades. Tinubu and the tax team need to roll up their sleeves and work through whatever issues there are. Push through the less contentious issues and continue reshaping the rest till they have the numbers for a vote.

1 Like

Re: NEC Recommends Withdrawal Of Tax Reform Bill by Ever8090: 11:18pm On Oct 31, 2024

senatepresido:
They’re far more educated than you

is there anything to suggest that they are even educated?
Check illiteracy chat in Africa, not even in Nigeria and you will see that Northern Nigeria tops that chat. Nigeria is ranked world headquarters of poverty and back home we know that kudos goes to the Northern part of the country.

They are more educated but yet, they are on every street in south and middle belt begging. They are educated with highest number of malnutrition rate.

Very dirty and unkept, smelling like rotten eggs. People who does not take a shower for weeks.

The wire one turn dress for 15 years with turn legs even during dry seasons.

Very dirty educated people with brown teeth...

1 Like

Re: NEC Recommends Withdrawal Of Tax Reform Bill by adanny01(m): 11:20pm On Oct 31, 2024

richiemcgold:
It should not be totally withdrawn, there's room to refix the contending parts of the bill. Every region stands to gain a lot from tax reform bills. It is time for the federal lawmakers to use their brains if they have any.

The problem is you are not looking at the main aim of the bill.

Tinubu is using textbook economics thinking it will play out exactly as the books have said. He did the same with subsidy, it backfired on Nigerians. He did again with forex, it exploded on our face. This one will annihilate us.

What he thinks is that the bill will cause states to sit up and economic growth will happen in every state just as textbooks analyze. But what will actually happen is state fighting states and tax paying organisations will be caught in between fight and transfer all the aggression on Nigerians once more increasing inflation. It will be bad for many companies as states will either force industries to locate factories in their state or risk hostile state laws limiting the companies supply chain. This means state borders will be manned by state tax agencies aim at frustrating targeted businesses that dont pay tax to them. This essentially means Nigerians will pay more to get products

Tinubu is an ideal textbook economist but has no understanding of real economics.

7 Likes

Re: NEC Recommends Withdrawal Of Tax Reform Bill by RealGandalf: 11:24pm On Oct 31, 2024

helinues:
Good

We have a listening government . It would still be introduced but gradually.

Some decisions, you don't have to go full out

You guys are afraid because of your extreme nature. No investor would want to invest in bandit ridden areas.

Re: NEC Recommends Withdrawal Of Tax Reform Bill by zombieHUNTER: 11:43pm On Oct 31, 2024

Ever8090:
Anything North opposes does not go trough in this country, d kind power wey illiterate Aboki get for this country dey wonder me .....

Democracy is a game of numbers and unity

And the South can never be united

That's why Kano will be destroying bottles of alcohol but will still be enjoying VAT from it form the South (the illiterates)

2 Likes

Re: NEC Recommends Withdrawal Of Tax Reform Bill by DonnyE(m): 11:47pm On Oct 31, 2024

helinues:
Good

We have a listening government . It would still be introduced but gradually.

Some decisions, you don't have to go full out

You be coward

1 Like

Re: NEC Recommends Withdrawal Of Tax Reform Bill by Enice(m): 11:48pm On Oct 31, 2024

Ever8090:
Anything North opposes does not go trough in this country, d kind power wey illiterate Aboki get for this country dey wonder me .....

We practice democracy. Therefore, majority will always have their way either right or wrong.

1 Like

Re: NEC Recommends Withdrawal Of Tax Reform Bill by Enice(m): 11:51pm On Oct 31, 2024

adanny01:
The problem is you are not looking at the main aim of the bill.

Tinubu is using textbook economics thinking it will play out exactly as the books have said. He did the same with subsidy, it backfired on Nigerians. He did again with forex, it exploded on our face. This one will annihilate us.

What he thinks is that the bill will cause states to sit up and economic growth will happen in every state just as textbooks analyze. But what will actually happen is state fighting states and tax paying organisations will be caught in between fight and transfer all the aggression on Nigerians once more increasing inflation. It will be bad for many companies as states will either force industries to locate factories in their state or risk hostile state laws limiting the companies supply chain. This means state borders will be manned by state tax agencies aim at frustrating targeted businesses that dont pay tax to them. This essentially means Nigerians will pay more to get products

Tinubu is an ideal textbook economist but has no understanding of real economics.

I doubt if you can manage a 2 by 2 shop to be profitable

Re: NEC Recommends Withdrawal Of Tax Reform Bill by stevnwigwe: 11:52pm On Oct 31, 2024

The national assembly should go ahead and pass the bill if they desire to fix this country.

Re: NEC Recommends Withdrawal Of Tax Reform Bill by poseidon12: 12:59am On Nov 01, 2024

helinues:
Good

We have a listening government . It would still be introduced but gradually.

Some decisions, you don't have to go full out

1 Like

Re: NEC Recommends Withdrawal Of Tax Reform Bill by poseidon12: 1:06am On Nov 01, 2024

Enice:
We practice democracy. Therefore, majority will always have their way either right or wrong.

So you really practice democracy in Nigeria?

Re: NEC Recommends Withdrawal Of Tax Reform Bill by omoadeleye(m): 3:08am On Nov 01, 2024

Ever8090:
Anything North opposes does not go trough in this country, d kind power wey illiterate Aboki get for this country dey wonder me .....

Lol

1 2 Reply

NEC Recommends Postponement Of Petrol Subsidy Removal • Photos Of Tax Receipts Issued By Boko Haram To Farmers, Herdsmen In Borno Contro • NEC Recommends ₦302 Per Litre Petrol Price By February • 2 • 3 • 4

Nigeria`s Best Hotel,Intercontinental Hotel, Designed By Nigerian Firms. • Nigerians Be Warned! • Return Jonathan Or Forget One Nigeria – Ijaw People