₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,328,619 members, 8,436,570 topics. Date: Tuesday, 30 June 2026 at 01:32 PM

Toggle theme

FG Statement On Tax Bills Debate - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsFG Statement On Tax Bills Debate (10637 Views)

1 2 3 Reply (Go Down)

Re: FG Statement On Tax Bills Debate by Flame333: 6:47pm On Dec 03, 2024
EBEk101:
Only those who seek to benefit from the work of others without contributing anything are against the bill
Who is benefiting from the work of others...

You could have just share the country into 36 or 37 Republic.. The North can now tax your goods being sent to their lands and use the money to develop their side.. The precedent of Tinubu will only destroy this country after he has left office if care is not taken..
Re: FG Statement On Tax Bills Debate by Zico5(m): 6:48pm On Dec 03, 2024
Tinubu knows what he is doing. He is forcing his aids to propagate the tax reform agenda. By the time Tinubu finish with this country, nobody will be spared.
Re: FG Statement On Tax Bills Debate by UltraSolid: 6:54pm On Dec 03, 2024
gr8ofnnetwork:
God bless the people of the Federal Republic of Nigeria 🇳🇬🇳🇬🇳🇬🇳🇬 and our darling president Tinubu GCFR. More grace to do more.

LGA Autonomy Done.
Tax Reforms, will be done.
Regionalisms: next
Smart dude. The parasitic North, that has always been very comfortable reaping where it has not sown, wish to kill the tax reform bill as a precursor to killing attempt at regional autonomy in future. They will fail because the Middle belt and some in the South (the SW and SS) are totally fed up of 'one Nigeria' stagnation.
Re: FG Statement On Tax Bills Debate by REALretep(m): 7:00pm On Dec 03, 2024
Macphenson:
One of the most controversial issues in this Tax Reform Bill is that 60% of VAT to be shared by states will be given to the state it was collected from, It seems by this it will only favour mostly Lagos and Rivers State to the detriment of the Northern states who are collecting more VAT based on population.

Here is my concern, Lagos state was deliberately made the commercial headquaters of the Nation to the detriment of other states the more reason it collects more taxes.

Practically, All the cars entering the country pays their tax to only Lagos state. Even the cars to be used in Rivers, Akwa Ibom, Bayelsa, Delta and Cross River states. Now this is not fair to these states as they have their own seaports but cars are not entering them, the taxes they are supposed to get as a state goes to Lagos state.

Also, Telecom companies pay their VAT in Lagos because their headquaters are located in Lagos, If this new bill is passed, that is no longer fair to all other states where the Telcom companies operate. Telcom companies should now start paying VAT to each state they operate as you can no longer rob Peter to pay Paul.

Oil companies have their headquaters located in Lagos while they operate in different states especially in the Niger Delta. This will no longer be fair if the bill is passed becaused those states where the oil companies operate will start demanding that the oil companies pay thier VAT in those states they operate.

The truth is this bill if passed, is seriously going to open litany of issues which I dont think at the moment the bill captured or resolved it.

Another worrisome dimension, this may prompt the oil producing states to start demanding for 60% of the oil revenues from their respective states, once this happens, chaos will reign supreme in the country.
[color=indigo]Stop misinforming the public
[/color]
Re: FG Statement On Tax Bills Debate by Proudlyngwa(m): 7:03pm On Dec 03, 2024
Macphenson:
One of the most controversial issues in this Tax Reform Bill is that 60% of VAT to be shared by states will be given to the state it was collected from, It seems by this it will only favour mostly Lagos and Rivers State to the detriment of the Northern states who are collecting more VAT based on population.

Here is my concern, Lagos state was deliberately made the commercial headquaters of the Nation to the detriment of other states the more reason it collects more taxes.

Practically, All the cars entering the country pays their tax to only Lagos state. Even the cars to be used in Rivers, Akwa Ibom, Bayelsa, Delta and Cross River states. Now this is not fair to these states as they have their own seaports but cars are not entering them, the taxes they are supposed to get as a state goes to Lagos state.

Also, Telecom companies pay their VAT in Lagos because their headquaters are located in Lagos, If this new bill is passed, that is no longer fair to all other states where the Telcom companies operate. Telcom companies should now start paying VAT to each state they operate as you can no longer rob Peter to pay Paul.

Oil companies have their headquaters located in Lagos while they operate in different states especially in the Niger Delta. This will no longer be fair if the bill is passed becaused those states where the oil companies operate will start demanding that the oil companies pay thier VAT in those states they operate.

The truth is this bill if passed, is seriously going to open litany of issues which I dont think at the moment the bill captured or resolved it.

Another worrisome dimension, this may prompt the oil producing states to start demanding for 60% of the oil revenues from their respective states, once this happens, chaos will reign supreme in the country.
Read to understand

Go and look for that bill and read it again.
Re: FG Statement On Tax Bills Debate by casualobserver:
My concern though is that some governors in the short term will not capitalize on their increased revenue.

1: I never like when I hear a governor say we don’t borrow (like Soludo and nassarawa gov though I like them both). To me it shows they don’t understand the work ahead of them and that to attract investment and high income residents, they need to borrow to embark on massive infrastructure and amenities which will increase revenue and pay the loans. To me any leader that says he isn’t borrowing is basically saying I have no foresight. The increased revenue should give then the assurance they can meet the repayments for massive infrastructure projects. For instance (random figures). If you know you are going to get N5b extra a month from VAT see what kind of loan you can access over 10yrs with N5b a month. Let’s just say a bank is willing to lend you N400b, use that to embark on land breaking QUALITY infrastructure e.g housing estates, roads, schools shopping malls etc that will attract high earners out of Lagos to leave in a more peaceful environment and pay their income taxes to you which will further increase your IGR and attract more companies to your state. There is nothing that says a company's head quarters must be in Lagos. If you provide the infrastructure for them to relocate their operations and their staff they will move to your state. Where things will be cheaper. Imagine the transformation if a state had an additional 400b to spend on infrastructure in a single term of a governor?
2: I was a bit disappointed with One aspect of Senator Dickson’s interview where he said he wants the workers who the oil companies fly in to Bayelsa to pay their taxes in Bayelsa. People pay heir taxes where they are resident not where they work. The reason workers are flown in is because they deem Bayelsa uncondusive for living. Why would I want to endanger my life every week in a helicopter if there are good housing estates, good schools, good roads, hospitals, cinema, shopping malls etc in Bayelsa where I work? I would have thought his focus would be on how to make Bayelsa a residential destination that will attract professionals and premium residents from other walks of life not just oil workers.

So you see apart from the fact that yes states will get more, we need to interrogate the type of governors and local govt chairmen we elect because they may just fritter away all the gains in the short term though I believe in time they will start competing with each other.

The governor I am expecting big things from because I believe he is miles ahead of most of his counterparts is Niger state governor Bago. That guy understands the job.
Re: FG Statement On Tax Bills Debate by seguntijan(m): 7:09pm On Dec 03, 2024
That's my president, if it was Obi he would have folded and start explaining the way he was explaining to his Obidients on why he has to congratulate Gowon or Atiku that deleted his post on Deborah's murder in the North.

A president must be upright, focus and stand by his vision.
God bless Nigeria
Re: FG Statement On Tax Bills Debate by id4sho(m): 7:15pm On Dec 03, 2024
ALTERNATEID:
Good. I trust my president, e no fit ever fold. The debate should move to the National Assembly. The public hearing is a very good avenue for all interested parties to engage and communicate their concerns. Withdrawing the bill for any consultation outside the legislative process should never be an option.
Tinubu doesn't run from a fight. He's a street fighter 🤣😂😅
Re: FG Statement On Tax Bills Debate by Lithiumite: 7:15pm On Dec 03, 2024
Arostar2023:
Nothing said
He isn't withdrawing the feel....those who don't like it should go hug transformer......if you have any concerns or interest in the bill go to the NASS and the various public hearings in the matter....now that's a president with balls we have always wanted in this country.
Re: FG Statement On Tax Bills Debate by ivandragon: 7:16pm On Dec 03, 2024
Macphenson:
One of the most controversial issues in this Tax Reform Bill is that 60% of VAT to be shared by states will be given to the state it was collected from, It seems by this it will only favour mostly Lagos and Rivers State to the detriment of the Northern states who are collecting more VAT based on population.

Here is my concern, Lagos state was deliberately made the commercial headquaters of the Nation to the detriment of other states the more reason it collects more taxes.

Practically, All the cars entering the country pays their tax to only Lagos state. Even the cars to be used in Rivers, Akwa Ibom, Bayelsa, Delta and Cross River states. Now this is not fair to these states as they have their own seaports but cars are not entering them, the taxes they are supposed to get as a state goes to Lagos state.

Also, Telecom companies pay their VAT in Lagos because their headquaters are located in Lagos, If this new bill is passed, that is no longer fair to all other states where the Telcom companies operate. Telcom companies should now start paying VAT to each state they operate as you can no longer rob Peter to pay Paul.

Oil companies have their headquaters located in Lagos while they operate in different states especially in the Niger Delta. This will no longer be fair if the bill is passed becaused those states where the oil companies operate will start demanding that the oil companies pay thier VAT in those states they operate.

The truth is this bill if passed, is seriously going to open litany of issues which I dont think at the moment the bill captured or resolved it.

Another worrisome dimension, this may prompt the oil producing states to start demanding for 60% of the oil revenues from their respective states, once this happens, chaos will reign supreme in the country.
Thank you for this.

These are germane issues that need to be addressed. I do not understand why some people are calling those who are seeking clarification, enemies of the state or progress.

I support the bill up to about 65%. But there are areas which need clarification and possible adjustments, some of which you have highlighted.

I don't get why those who opposed reforms under previous administrations now feel that everything they bring as reform must be shoved down the throats of Nigerians by fire or by force.
Re: FG Statement On Tax Bills Debate by EBEk101(m): 7:16pm On Dec 03, 2024
Flame333:
Who is benefiting from the work of others...

You could have just share the country into 36 or 37 Republic.. The North can now tax your goods being sent to their lands and use the money to develop their side.. The precedent of Tinubu will only destroy this country after he has left office if care is not taken..
Your northern states feel entitled to the VAT generated by Lagos State and other southern states. They don't want beer sold in their regions, yet they want to benefit from the tax revenue it generates. None of these states are putting significant efforts into curbing insecurity, yet they rely on the money generated from oil in the peaceful southern part of the country. It raises questions about why the southern part is peaceful while some northern state governors are doing little to address insecurity, believing that funds from the south will be shared. It's ironic that while the gold in the north is considered their own, the oil is viewed as belonging to the entire nation.
Re: FG Statement On Tax Bills Debate by Bluntemperor: 7:17pm On Dec 03, 2024
ncoolsome:
If the committee had works closely with the National assembly and other stake holder,why are we having such debacle..
It's already a done deal 🤝 in Red Chamber - the Senate but is in House of Reps - that Mal Zulum and others,are resisting, saying it will benefit only Lagos,which is a Big Fat Lie, anyway!
Re: FG Statement On Tax Bills Debate by seguntijan(m): 7:18pm On Dec 03, 2024
id4sho:
Tinubu doesn't run from a fight. He's a street fighter 🤣😂😅
Exactly, people said it'll cost his 2027, I said even if he withdraw the bill now as GEJ quickly now to fuel subsidy removal, it won't change anything. 2027 is when his political sagacity will be once tested and endorsed by all and sundry. But for now, baba is focused on governance and his actions on this Bill has shown it, if he was focused on politicking the bill won't have gone this far.
Re: FG Statement On Tax Bills Debate by simpleseyi: 7:19pm On Dec 03, 2024
ALTERNATEID:
Good. I trust my president, e no fit ever fold. The debate should move to the National Assembly. The public hearing is a very good avenue for all interested parties to engage and communicate their concerns. Withdrawing the bill for any consultation outside the legislative process should never be an option.
Fold for where? Even when “all” Nigerians protested ahis reforms, he still came out to say “NO GOING BACK”. That’s one of the qualities of a real leader, Never Be Cowed
Re: FG Statement On Tax Bills Debate by Arostar2023: 7:19pm On Dec 03, 2024
Lithiumite:
He isn't withdrawing the feel....those who don't like it should go hug transformer......if you have any concerns or interest in the bill go to the NASS and the various public hearings in the matter....now that's a president with balls we have always wanted in this country.
Nothing said!

All those things "said" make no difference. You know why? We can't differentiate between propaganda, lies and truth from the intents this government. They can as well go ahead and do what is on their mind. When a northern president comes, he will make his own changes, until Nigeria implodes. Save your breath friend. I am not interested...Shikena!
Re: FG Statement On Tax Bills Debate by Jonjam269: 7:20pm On Dec 03, 2024
Many critics of the tax reform bills seem to be opposing them based on the identity of the proponent, rather than the content of the bills themselves. It appears that few have actually read the proposals.
Anything proposed by their perceived adversary and master is automatically met with opposition, regardless of its merit.
They indiscriminately support any proposal from their own side, even if it's flawed, while rejecting opposing views outright.
After thoroughly reviewing the tax reform bills, I firmly believe they will bring about much-needed improvements. I commend the proponents of these bills for their efforts.
Re: FG Statement On Tax Bills Debate by Lithiumite: 7:24pm On Dec 03, 2024
Djmandy:
I'm really worried why the north is so against this bill. So whatever they deem unfavorable to them shouldn't see the light of day? They're joking. This bill must be passed.
They were against resource control during obj

They were against the PIA because they felt it would short change then and empower the SS more.

They were against GEJ's almajiri education policy.

They are against restructuring and true fiscal federalism.

They are against the tax reforms again because they feel the north would no longer get free funds from the center.

They were against independence agitation in 1956.

They are against civil law but want their Sharia law upheld.

They are against scrapping of quota system.

They are against ban on reckless open trading of Forex and ban on unregistered bdc's because they are the largest group in that sector.
Re: FG Statement On Tax Bills Debate by Lithiumite: 7:38pm On Dec 03, 2024
Macphenson:
One of the most controversial issues in this Tax Reform Bill is that 60% of VAT to be shared by states will be given to the state it was collected from, It seems by this it will only favour mostly Lagos and Rivers State to the detriment of the Northern states who are collecting more VAT based on population.

Here is my concern, Lagos state was deliberately made the commercial headquaters of the Nation to the detriment of other states the more reason it collects more taxes.

Practically, All the cars entering the country pays their tax to only Lagos state. Even the cars to be used in Rivers, Akwa Ibom, Bayelsa, Delta and Cross River states. Now this is not fair to these states as they have their own seaports but cars are not entering them, the taxes they are supposed to get as a state goes to Lagos state.

Also, Telecom companies pay their VAT in Lagos because their headquaters are located in Lagos, If this new bill is passed, that is no longer fair to all other states where the Telcom companies operate. Telcom companies should now start paying VAT to each state they operate as you can no longer rob Peter to pay Paul.

Oil companies have their headquaters located in Lagos while they operate in different states especially in the Niger Delta. This will no longer be fair if the bill is passed becaused those states where the oil companies operate will start demanding that the oil companies pay thier VAT in those states they operate.

The truth is this bill if passed, is seriously going to open litany of issues which I dont think at the moment the bill captured or resolved it.

Another worrisome dimension, this may prompt the oil producing states to start demanding for 60% of the oil revenues from their respective states, once this happens, chaos will reign supreme in the country.
Oga!! The bill is exactly opposite of what you quoted there....go grab a copy and educate yourself.
Re: FG Statement On Tax Bills Debate by UltraSolid: 7:42pm On Dec 03, 2024
REALretep:
[color=indigo]Stop misinforming the public
[/color]
There are many of them doing that currently to push their own nefarious private agendas.
Re: FG Statement On Tax Bills Debate by Lithiumite: 7:44pm On Dec 03, 2024
Arostar2023:
Nothing said!

All those things "said" make no difference. You know why? We can't differentiate between propaganda, lies and truth from the intents this government. They can as well go ahead and do what is on their mind. When a northern president comes, he will make his own changes, until Nigeria implodes. Save your breath friend. I am not interested...Shikena!
Let's tinubu practicalise his ideas and if it doesn't work it can be tweaked for better efficiency or scrap it.
Re: FG Statement On Tax Bills Debate by UltraSolid: 7:46pm On Dec 03, 2024
Lithiumite:
Oga!! The bill is exactly opposite of what you quoted there....go grab a copy and educate yourself.
The misinformation is deliberate. What I can't understand is why some are born so wicked and heartless yet they will be condemning Nigerian leaders as if they would not do far worse if similarly placed.
Re: FG Statement On Tax Bills Debate by Flame333: 7:54pm On Dec 03, 2024
EBEk101:
Your northern states feel entitled to the VAT generated by Lagos State and other southern states. They don't want beer sold in their regions, yet they want to benefit from the tax revenue it generates. None of these states are putting significant efforts into curbing insecurity, yet they rely on the money generated from oil in the peaceful southern part of the country. It raises questions about why the southern part is peaceful while some northern state governors are doing little to address insecurity, believing that funds from the south will be shared. It's ironic that while the gold in the north is considered their own, the oil is viewed as belonging to the entire nation.
Let the country be divided..

I'm tired
Re: FG Statement On Tax Bills Debate by PHIPEX(m): 7:58pm On Dec 03, 2024
Lack of communication is the problem.here.

This might be a good policy but the govt is extremely poor in communication and the potential good side might easily be lost. It appears they wany to bulldoze their way into law making
Re: FG Statement On Tax Bills Debate by ufotunang: 7:58pm On Dec 03, 2024
Instead of the incompetent president Tinubu to review and change his harsh economic policies.... floating of the naira that is depreciating and devaluing the naira against the dollars.. which is making fuel, diesel to be expensive , which it's also bring high inflation in all sectors of the country...high costs of food stuffs,goods and services...that is causing the hunger, hardship, inflation, high costs of living nigerians are going through and also making bussinesses companies to struggle to survive the hard economy and also destroying the economy..he is using this tax reform bill to be causing problems and issues which will not even solve nigerians and Nigeria problems
Re: FG Statement On Tax Bills Debate by SmartyPants(m): 8:11pm On Dec 03, 2024
Macphenson:
One of the most controversial issues in this Tax Reform Bill is that 60% of VAT to be shared by states will be given to the state it was collected from, It seems by this it will only favour mostly Lagos and Rivers State to the detriment of the Northern states who are collecting more VAT based on population.

Here is my concern, Lagos state was deliberately made the commercial headquaters of the Nation to the detriment of other states the more reason it collects more taxes.

Practically, All the cars entering the country pays their tax to only Lagos state. Even the cars to be used in Rivers, Akwa Ibom, Bayelsa, Delta and Cross River states. Now this is not fair to these states as they have their own seaports but cars are not entering them, the taxes they are supposed to get as a state goes to Lagos state.

Also, Telecom companies pay their VAT in Lagos because their headquaters are located in Lagos, If this new bill is passed, that is no longer fair to all other states where the Telcom companies operate. Telcom companies should now start paying VAT to each state they operate as you can no longer rob Peter to pay Paul.

Oil companies have their headquaters located in Lagos while they operate in different states especially in the Niger Delta. This will no longer be fair if the bill is passed becaused those states where the oil companies operate will start demanding that the oil companies pay thier VAT in those states they operate.

The truth is this bill if passed, is seriously going to open litany of issues which I dont think at the moment the bill captured or resolved it.

Another worrisome dimension, this may prompt the oil producing states to start demanding for 60% of the oil revenues from their respective states, once this happens, chaos will reign supreme in the country.
Which litany of issues? There is one core and very simple issue: he who generates the VAT should enjoy the lions share of it. It applies in the same way across all the industries you mentioned. Let telcos pay their VAT where it is earned. And so on for every other business.

Up until now the majority of taxes generated in Lagos have been shared across the Federation, so how do you justify an argument that Lagos was deliberately set up to be the commercial hub in order to attract these taxes - - when the State has never collected its fair share of what it generates??

And who would have been responsible for that anyway?? Who is this person or persons that sought to grant Lagos such an advantage? lord Lugard? Ahmadu Bello? Nnamdi Azikiwe? Gowon? Lol.

SMH.
Re: FG Statement On Tax Bills Debate by anataala: 8:38pm On Dec 03, 2024
He can’t bite the hand that feeds him, the North is instrumental in bringing him to power, so fear North my brother.
CharleyBright:
I am not a Supporter of Tinubu govt in any way, but on this Tax Reform Bill, I will support him. Tinubu should stand his ground against these Northerners that always want to have their ways at the detriment of other regions.
Even if so called useless Northern elites cry foul as much as they want, Tinubu should not answer them. Let them cry till eternity.
These bunch of useless Northerners are very selfish self centered parasites who are only interested in themselves.
You are not bringing much to the table, but you always want to take much off the table. The oil in the South has sustain the country for decades, with the proceeds going to federal coffers to be shared to all states. Now that they discovered gold and diamonds in the North, they are exploring the gold and diamonds and pocketing the proceeds to themselves and not paying a dime to FG, while using Banditry to cover their criminal activities.
Tinubu should not bother to answer them. This feeding bottle federalism must stop. You contribute little to the coffers, you get little .
Tinubu should bring in France to mine in the North and chase away the criminal bandits so monies can be generated to the federal coffers.
Awon werey Ole that calls themselves Northern Elders Oshi.
Re: FG Statement On Tax Bills Debate by Macphenson: 8:44pm On Dec 03, 2024
SmartyPants:
Which litany of issues? There is one core and very simple issue: he who generates the VAT should enjoy the lions share of it. It applies in the same way across all the industries you mentioned. Let telcos pay their VAT where it is earned. And so on for every other business.

Up until now the majority of taxes generated in Lagos have been shared across the Federation, so how do you justify an argument that Lagos was deliberately set up to be the commercial hub in order to attract these taxes - - when the State has never collected its fair share of what it generates??

And who would have been responsible for that anyway?? Who is this person or persons that sought to grant Lagos such an advantage? lord Lugard? Ahmadu Bello? Nnamdi Azikiwe? Gowon? Lol.

SMH.
In the same spirit, can we also agree that he who generates the resources should have the lion share? Dont worry, I pray Tinubu succeeds with this bill, trust me its gonna be very interesting
Re: FG Statement On Tax Bills Debate by LandMann: 8:46pm On Dec 03, 2024
Very empty press release.

Trust Tinubu and his government of pain, hardship and propaganda at your own peril.
Re: FG Statement On Tax Bills Debate by SmartyPants(m): 8:51pm On Dec 03, 2024
Macphenson:
In the same spirit, can we also agree that he who generates the resources should have the lion share? Dont worry, I pray Tinubu succeeds with this bill, trust me its gonna be very interesting
Is there any debate there? Of course those whose lands are ravaged to exploit resources should receive the lions share.
Re: FG Statement On Tax Bills Debate by Okoroawusa: 8:56pm On Dec 03, 2024
Macphenson:
One of the most controversial issues in this Tax Reform Bill is that 60% of VAT to be shared by states will be given to the state it was collected from, It seems by this it will only favour mostly Lagos and Rivers State to the detriment of the Northern states who are collecting more VAT based on population.

Here is my concern, Lagos state was deliberately made the commercial headquaters of the Nation to the detriment of other states the more reason it collects more taxes.

Practically, All the cars entering the country pays their tax to only Lagos state. Even the cars to be used in Rivers, Akwa Ibom, Bayelsa, Delta and Cross River states. Now this is not fair to these states as they have their own seaports but cars are not entering them, the taxes they are supposed to get as a state goes to Lagos state.

Also, Telecom companies pay their VAT in Lagos because their headquaters are located in Lagos, If this new bill is passed, that is no longer fair to all other states where the Telcom companies operate. Telcom companies should now start paying VAT to each state they operate as you can no longer rob Peter to pay Paul.

Oil companies have their headquaters located in Lagos while they operate in different states especially in the Niger Delta. This will no longer be fair if the bill is passed becaused those states where the oil companies operate will start demanding that the oil companies pay thier VAT in those states they operate.

The truth is this bill if passed, is seriously going to open litany of issues which I dont think at the moment the bill captured or resolved it.

Another worrisome dimension, this may prompt the oil producing states to start demanding for 60% of the oil revenues from their respective states, once this happens, chaos will reign supreme in the country.
You are contradicting yourself.
Re: FG Statement On Tax Bills Debate by Kukutente23: 9:04pm On Dec 03, 2024
Tinubu dey fear north grin grin
The simple truth is that the tax bill is not a genuine solution to the issues we face as a nation presently. I see it as unnecessary distraction
There's nothing in the bill that will reduce inflation or increase income for the people.
It will not lift people out of poverty or create a boom in critical sectors of the economy
The bill just seems like an attempt to reinvent the wheel while riling up ethnic and regional suspicion
What we need now is to rejig our economy and get people hopeful about Nigeria again
I don't think the bill gives any of that to Nigerians
Re: FG Statement On Tax Bills Debate by seunjungle1(m): 9:08pm On Dec 03, 2024
Your comments is one of those misinformation we are talking about.
Are the oil companies in the south south not also paying their taxes to each of these states they have their company.
You go cry foul the more....that bill will surely pass




Macphenson:
One of the most controversial issues in this Tax Reform Bill is that 60% of VAT to be shared by states will be given to the state it was collected from, It seems by this it will only favour mostly Lagos and Rivers State to the detriment of the Northern states who are collecting more VAT based on population.

Here is my concern, Lagos state was deliberately made the commercial headquaters of the Nation to the detriment of other states the more reason it collects more taxes.

Practically, All the cars entering the country pays their tax to only Lagos state. Even the cars to be used in Rivers, Akwa Ibom, Bayelsa, Delta and Cross River states. Now this is not fair to these states as they have their own seaports but cars are not entering them, the taxes they are supposed to get as a state goes to Lagos state.

Also, Telecom companies pay their VAT in Lagos because their headquaters are located in Lagos, If this new bill is passed, that is no longer fair to all other states where the Telcom companies operate. Telcom companies should now start paying VAT to each state they operate as you can no longer rob Peter to pay Paul.

Oil companies have their headquaters located in Lagos while they operate in different states especially in the Niger Delta. This will no longer be fair if the bill is passed becaused those states where the oil companies operate will start demanding that the oil companies pay thier VAT in those states they operate.

The truth is this bill if passed, is seriously going to open litany of issues which I dont think at the moment the bill captured or resolved it.

Another worrisome dimension, this may prompt the oil producing states to start demanding for 60% of the oil revenues from their respective states, once this happens, chaos will reign supreme in the country.
1 2 3 Reply

Northern Elders, Others Knock Tinubu For Insisting On Tax BillsPantami Lists Sections of Tinubu's Tax Bills That He Finds UncomfortableTinubu Appoints Orire Agbaje As Member Of Presidential Committee On Tax234

Construction Of Brand New Modern Police Stations Ongoing Across LagosPoliticians Exploiting Terrorism For Short-term Political Gains, Says CANInside The Endless Crises In South West PDP (Analysis)