₦airaland Forum

Okay sir

EmperorCaesar:


Tinubu wasnt the President in 2016 and theres been a total cabinet change since then


The bill is straightforward enough and i wonder why people keep coming up with baseless hypothetical rhetoric beyond what is boldly written out for all to read and digest, just to paint the FG as bad and having ulterior motives


Empty articles everywhere

But Tinubu it was who removed subsidy, devalued Naira and increased electricity tariff while still borrowing like we've never seen

What says this will yield something better?

What happens at the end of 6 months if Nigerians aren’t able to “independently analyze the proposed changes and form informed opinions, free from government propaganda”?

Asking for a bill to be suspended for 6 months is a “lazy” approach to this Tax Bill controversy. Public hearings by the National Assembly have always provided opportunities for interested Nigerians, stakeholders and experts alike to contribute to contents of any bill before it’s passed in to law & this should be no exception.

If those who kick against this bill don’t seize the opportunity of public hearings to make their reservations known & then propose solutions/alternatives/alterations to the bill, that’s their own headache; it’s now left for constituents to hold their own Senators & HoR members to account to ensure the peoples’ interests are protected in this bill.

TonyeBarcanista:
'Tonye Barcanista

🍃President Bola Ahmed Tinubu's new Tax Reforms Summarized.

1. Any business with less than N50million turnover are exempted from tax payment.

2. over 90% of workers in public and private sector will no longer pay income tax.

3. Over 82% of what low income persons consume will be VAT free.

4. scrapping over 50 nuisance tax suffered by local businesses.

5. VAT will no longer be calculated base on where the companies have their headquarters but where their goods are consume.

6. the rich to pay more tax while the poor will stop paying taxes..

7. Consumption tax collected by states will be eliminated completely.

8. FG share of VAT to reduce from 15% to 10% as states and LGAs now get 90%.

9. Those earning less than N1.7m monthly will now pay less income tax.

10. Customs, NUPRC and other govt agencies will no longer collect tax as only one Agency will be responsible for collection of all taxes in NGR.

11. Those receiving less than N9million per anum could have their income tax cut by half.

12. The bill could lead to abolition of other multiple tax laws like the stamp duty act.

13. Over 90% of small business would no longer pay profit tax.

14. Gradual increase of VAT from 10% in 2025 to 15% in 2030... With almost every goods consume by low income earners exempted from VAT.

15. Many NGR companies pay over 60 types of different tax & levies... The bill seeks to end this factor killing NGR industries.

You may not like the messengers ...But, the message is a good one .

This is a very reasonable take.

If there is nothing you're hiding, allow us to take our time.

EmperorCaesar:


Tinubu wasnt the President in 2016 and theres been a total cabinet change since then


The bill is straightforward enough and i wonder why people keep coming up with baseless hypothetical rhetoric beyond what is boldly written out for all to read and digest, just to paint the FG as bad and having ulterior motives


Empty articles everywhere

Empty dead brain 🧠 like you that can’t comprehend, who removed fuel subsidy and advocated for more tax

tarboshi:
There has not been any restructuring. It's still the same old structure, (except for the national anthem)

.yes now I mean Tinubu is trying to implement it logically and not using the word RESTRUCTURE 🤝

At least henceforth all state will start to develop on what they have .

TonyeBarcanista:
Have you read the bill or you only had opinion based on opinion of government promoters and agents?

Lol!

You have failed. Many of us have read the bills on details. Stop this nonsense. We will oppose you by educating Nigerians. You have failed this time. You are wicked.

Tayorshd87:
Exactly 💯 many didn't like the policies all in the name of it's APC or Tinubu in power but we have been shouting we want restructure tht we need regional government and resource control so this is an intelligent way Tinubu did it without using the word RESTRUCTURE 🤝
What a great move to make regions develop what they have and known for a particular resource ..

Exactly, your head is there 🎯

But dundees due to hate and bitterness are too blind to see the bill is win for them too

Kukutente23:
But Tinubu it was who removed subsidy, devalued Naira and increased electricity tariff while still borrowing like we've never seen

What says this will yield something better?

Tinubu" did not remove subsidy

Buhari did

Warrior99:
Exactly, your head is there 🎯

But dundees due to hate and bitterness are too blind to see the bill is win for them too

I got you bro 👍

epainos:
I believe you have been paid to write this. Lol.

You are requesting six months to postpone what all hardworking Nigerians have been praying for since the beginning of democracy so that you can manipulate everything again for your own benefit. Lol.

1. What accountability do you want to give to someone earning N70,000 to N100,000 who does not pay income tax? Do you need six months to put this in place? You're wicked.


2. Do you need six months to ensure that oil-producing areas receive more revenue in proportion to their contribution to the national revenue? You are wicked.

3. Do you need another six months to develop a fair and equal reward based on what you give, rather than the many we receive even when we do not work hard? You are wicked.


You are a major enemy of the poor and the average Nigerian. And you have failed. You believe you can still manipulate poor Nigerians. Take a look at how many people have supported Tinubu, whom they despised.

We may dislike Tinubu, but we will never succumb to your manipulative tactics. This is a done deal. We are passing this bill. Guess what? Following this, we will immediately seek more resource control. Prepare for real debate and political struggle. We are ready to educate everyone and liberate them from your wickedness.

Bayelsa has supported these bills, and Ohaneze has also taken the right path. Time is up for you and Atiku, whom you have been supporting. Lol.

We are moving forward. Nigeria is mowing forward. These bills are done deals. You would better face reality now.

Have you read the 213 page bill?

Zico5:
If this tax reform sail through, the masses should brace up for more suffering. Tinubu has nothing good for the country. Instead for him to find solution to the problems he has created, he is planning to suffocate the masses more.

I bet that you are earning around N70k yet posting this rubbish. Illiteracy is a disease. You better ask someone to explain the bills to you in your native language before you use your hands to kill yourself amd regret it later. Most Igbos have started reading the bills in details and they are supporting them. Oga, the bills are for the betterment of poor and average Nigerians. Go read them before you continue showing your illiteracy publicly. Lol.. Or ask for help so someone can translate it all for you in your native language.

Proudlyngwa:
Tinubu" did not remove subsidy

Buhari did

Dey deceive yasef

Sheuns:
Have you read the 213 page bill?

Keep asking stupid questions. If you have read them all, as I have, bring out the real issues with the bills and let us deal with them. Do not just ask for six months postponement. You who claimedto have read them all...bring up any issue in the bills and we will address them.

You haven't read them. If you have, you won't be a stumbling block to them. But guess what? You are a failure.

Just imagine. You have no points at all other than to ask us for six months more. Are you OK?

This op who started this thread can write well. He is well articulated...but he could not bring out any meaningful point other than give us six months. " Six months kee you there". Na longer throat go kill him. But you...na illiteracy go kill you. You wey no read the details dey ask me. If I wozze you. Lol.

Warrior99:
Opposition politics is not madness neither is it BLINDNESS.

For discerning minds this bill is a core implementation of the RESTRUCTURING tenet of RESOURCE CONTROL that we have been clamouring for.

That bill will be passed and Nigeria's economy will be better off whether you like it or not.

#RestructureNigeria

Nigerian government are known for engaging Nigerians in a game of hide and seek and the more you look the less you see. Nobody in his right mind will trust this government to do anything that's beneficial to the average man that isn't employed by them as a media aide. By the time they implement the bill now we'll see that it's something else and they will tell you to blame someone else

Kukutente23:
Dey deceive yasef

Was payment for subsidy included in Buhari last budget

Trust anything from tinubu at your own peril

Contradiction on Its Face

It's your submission that people shouldn't trust.

The bills are straightforward and serve to protect the interests of states and local governments.

It's too simplistic to just wish the bills away.

Typing:
Is the Yoruba tax bill all about alcohol?

The problem with some of you is that you understand nothing about how the economy works, let me give you the number involved.

Alcohol industry in Nigeria is valued at 2.5 trillion in sales according to Statista.

Nigerians spent the equivalent of 13.3 percent of the annual budget on alcohol.

75 percent of the total of the tax generated from this 2.5 trillion sales is generated from the south.

The remaining 25 percent is generated from the 19 northern state mostly in the North Central.

What they specialise on in the north is destroying the alcohol beverages that makes it way into their region..

When you hear alcohol what you think is one Mr Ojo who sit in a joint and enjoy his paraga, what this politician sees is the Huge vat generated from the 2.5 trillion alcohol market.

These are the conditionalities of excessive borrowings by our governments, they need to push these anti people policies so that they can continue to borrow without restrictions. These borrowings are the single cause of inflation, as flood the market with too much liquidity which is actually in the hands of a few.

Its begs the question if they can borrow anytime, they want why increase taxes? It's very obviously to the blind that the money used to buy jets, yatch and all luxuries from the ruling elite don't come from taxes. If govt need money it just prints or borrows.

This discovery was established decades ago.

..

TonyeBarcanista:
Who was the president that removed subsidy on petrol and floating of Naira?

Secondly, have you read the bill?

Buhari removed subsidy.

There was no budgetary provision for fuel subsidy beyond June 2023.

The floating of the naira in itself was not a bad idea, what we can argue against is taking too many tough economic decisions at the same time.

Lastly, we cannot be experts in everything. Let's calm our nerves and listen to the experts argue the pros and cons.

Kukutente23:
But Tinubu it was who removed subsidy, devalued Naira and increased electricity tariff while still borrowing like we've never seen

What says this will yield something better?

Buhari removed subsidy.

https://dailytrust.com/buhari-not-tinubu-removed-fuel-subsidy/#google_vignette

When somebody like TonyeBaccanister is talking like this, you will wondering that is this person not educated again.
This guy is one of those people that have been clamouring for the restructure for some decades ago.
Now, the economy resource control which is automatic to restructure here and somebody like Tonye is using the past bad governance to tackle this cleared proposed economy bill...no be juju be this?

In case you don't know the reason why Arewa are fighting against that bill. They can boldly see it where it is written that this is clear way to Restructure which is poisonous to them.

That be must pass!

Georgry:
The problem with some of you is that you understand nothing about how the economy works, let me give you the number involved.

Alcohol industry in Nigeria is valued at 2.5 trillion in sales according to Statista.

Nigerians spent the equivalent of 13.3 percent of the annual budget on alcohol.

75 percent of the total of the tax generated from this 2.5 trillion sales is generated from the south.

The remaining 25 percent is generated from the 19 northern state mostly in the North Central.

What they specialise on in the north is destroying the alcohol beverages that makes it way into their region..

When you hear alcohol what you think is one Mr Ojo who sit in a joint and enjoy his paraga, what this politician sees is the Huge vat generated from the 2.5 trillion alcohol market.

You still didn't answer my question. Is ur Yoruba tax bill all about alcohol?


Anyways, the bill is dead already.

Proudlyngwa:
Was payment for subsidy included in Buhari last budget

When did it became a law that Buhari last budget cannot be changed?
Are we still running Buhari's last budget? Did the last budget contain a ne PJ, new VP residence or new fleet of cars? Yeye

CaptainGo:
Buhari removed subsidy.

https://dailytrust.com/buhari-not-tinubu-removed-fuel-subsidy/#google_vignette

In your mind

EmperorCaesar:


Tinubu wasnt the President in 2016 and theres been a total cabinet change since then


The bill is straightforward enough and i wonder why people keep coming up with baseless hypothetical rhetoric beyond what is boldly written out for all to read and digest, just to paint the FG as bad and having ulterior motives


Empty articles everywhere

these are people that have a mind of their own to think freely
And not a warped zombie controlled thoughts and speech like yours
Truly my people are suffering and smiling
e go better …

TonyeBarcanista:
'Tonye Barcanista

six months is fair to bring all the table of negotiation and reasoning

EmperorCaesar:


Tinubu wasnt the President in 2016 and theres been a total cabinet change since then


The bill is straightforward enough and i wonder why people keep coming up with baseless hypothetical rhetoric beyond what is boldly written out for all to read and digest, just to paint the FG as bad and having ulterior motives


Empty articles everywhere

You want us to trust a man that told us e lo fii okan ba ĺè a maa gbe waa le but instead increase every thing

i expect you to tackle the point Op made, so much sacrifices where are the gains .... our children children will see it abi

Typing:
You still didn't answer my question. Is ur Yoruba tax bill all about alcohol?


Anyways, the bill is dead already.

You're too inconsequential in the affairs and running of Nigeria to declare that.