Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula - Politics (3) - Nairaland
Nairaland Forum › Nairaland General › Politics › Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula (7172 Views)
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by shortIGBOman: 8:23am On Dec 11, 2024 |
Uncletony:Either Igbo leaders support the North on this bill or not. The North alone can kill the bill. The North has succeeded in suspended the bill, even after it passed the second reading in the Senate. Northerners in House of Reps didn't even allow the bill to be deliberated upon. The North alone na ONE MAN MOPOL for this Country |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by aswani(m): 8:26am On Dec 11, 2024 |
shortIGBOman:I am hoping the person means Northern politicians rather than Northern people. I think this is a fair assumption to make whenever you read anyone say North. Of course some horrible tribalists mean North but you can't do anything about those. Thry will soon die of pain and bitterness. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Bobloco(op): 8:26am On Dec 11, 2024 |
tollyboy5:What about states that get to produce crude oil, their environment degraded, but they do not receive commensurate compensation for it? If the Tinubu government wants to do a holistic restructuring of this revenue-sharing system, they should ensure that each state gets what is due to it from crude oil, mineral resources, VAT, etc. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by aswani(m): 8:31am On Dec 11, 2024 |
Wallade:Thanks for this post. I was wondering if I was going crazy reading people confidently write some of the stuff they are. Constitution can be amended by "acts of Parliament" or whatever the correct term is. NGO's can only act in an advisory capacity. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Kukutente23: 8:35am On Dec 11, 2024 |
Wallade:You're so far offpoint. What does the constitution mandate the president to do upon receiving the advice and who is giving the advice in this scenario now? What that section is detailing is the procedure for allocation of federally collected revenue. The revenue will be shared based on the advice from RMAFC which the president is to table before NASS for consideration. Even if the president decides to reject the advice, that's where it ends and not that another agency will bring its own advice. The advice comes BEFORE the bill can be tabled before NASS. That's what the section is saying |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by shortIGBOman: 8:37am On Dec 11, 2024 |
aswani:Are Northern politicians not humans? Do you know if I am also a Northern politician? The truth is this site is biased towards North. Everyone just open their mouth and insult the North and they won't get banned even when you report them. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by tollyboy5(m): 8:40am On Dec 11, 2024 |
Bobloco:Is 13% oil derivative a joke to you? Is river state that also benefit from the new tax bill not an oil producing state? Won't it favor fubura who currently lacking allocations? |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Kukutente23: 8:44am On Dec 11, 2024 |
Wallade:You're simply ignorant. Go back to 162(2). These are the allocation principles that take precedence according to that section. population, equality of States, internal revenue generation, land mass, terrain population density. From the above, you can't have 60% derivation as that will surely conflict with this section as well. Derivation is not listed as part of the major parameters. Go and get properly educated man. Good day |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by bobby007(m): 8:45am On Dec 11, 2024 |
CodeTemplar:the guy you are replying is not intelligent |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by OlujobaSamuel: 8:47am On Dec 11, 2024 |
HarunaWest:VAT isn't an issue on the exclusive list, it's under state purview. If the NASS is unable to pass it, the Supreme Court will come to the rescue, it's just to bring up the Rivers/Lagos against the FG at the Supreme Court, at that point, nothing can be done, and the states will have the largest chunk |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by aswani(m): 8:51am On Dec 11, 2024 |
shortIGBOman:In the context of these discussions about Tax Reforms, Northern politicians are behaving selfishly in my opinion. This site isn't biased against the North, there is a certain overtolerance for Obidients who are foul mouthed and quite frankly abuse and insult Yoruba more than the North solely based on President Tinubu defeating Peter Obi. I am not blaming the Admin's though, it is hard work managing Obidients. If you are a Northerner, I hope you stick around to engage in discussions instead of getting fed up like previous Northern posters and leaving. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by HarunaWest(m): 9:06am On Dec 11, 2024 |
Bobodee09:Go and read all the nine pages before we begin to argue. The sensational ones were posted and everyone is already reacting to it. What the RMAFC did was to draw the governments ear and give advice on the best way to go. We keep allowing politicians to intefere into the affairs of our institutions. Look how docile and comical INEC has become. What the RMAFC reminded the executive was that some it is constitutionally empowered in regards revenue mobilization and fiscal policies and enactment. They should be carried along thats all. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Bobodee09: 9:10am On Dec 11, 2024 |
HarunaWest:Does reading the 9 pages change the fact he goofed and that the reason he clearing things?? Even in western word your don't threaten your boss even if it an independent body. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Justiceleague1: 9:21am On Dec 11, 2024 |
They are tired of and fed up with their jobs |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 9:22am On Dec 11, 2024 |
Kukutente23:A semi educated person calling an educated person out to get proper education. Hmmmm. Utterly ridiculous. I got no time for you |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 9:26am On Dec 11, 2024 |
Kukutente23:Hmmm. You are very funny. So you mean: the RMAFC is the only one that can initiate a change of the Revenue Sharing Formula? The RMAFC is superior to the executive federal government? The committee comprising people selected but not elected to govern the affairs of Nigeria will dictate to the executive and legislative arm of government elected to administer the affairs of Nigeria? You are such a joke. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Uncletony(m): 9:30am On Dec 11, 2024 |
shortIGBOman:Exactly the way it is! Thanks for reminding us how dysfunctional and fake the country can get yet again. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 9:33am On Dec 11, 2024 |
HarunaWest:Constitutionally empowered to do what? Tell us what RMAFC is empowered to do by the Constitution? Is it other than advisory? Advisory to who? Who does RMAFC report to by the Constitution? Is RMAFC an executive body? Carried along like a God or the boss or what? Answer the question and stop deflecting |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 9:35am On Dec 11, 2024 |
Uncletony:You think the bill is dead? You will still be on nairaland when it is passed into law. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 9:36am On Dec 11, 2024 |
shortIGBOman:You think the bill is dead? You will still be on nairaland when it is passed into law. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Kukutente23: 9:38am On Dec 11, 2024 |
Wallade:You're being purely sentimental now whereas you acted as if you're arguing from the point of law. Firstly, the FEC does not have the power to determine allocation since it's an interested party. RMAFC acts as an autonomous body in that regard. You reject RMAFC's constitutionally given power but you don't realise that CBN has been raising interest rates on loans taken in Nigeria including govt loans without recourse to FEC. To apply your logic, CBN that's selected but not elected is dictating to the Executive how much to pay as interest on loans taken in the same Nigeria the executive is elected to administer? Who is the joke now |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Uncletony(m): 9:39am On Dec 11, 2024 |
Wallade:Till then. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Tonyx5(m): 9:40am On Dec 11, 2024 |
CodeTemplar:Correct. There ought to be an incentive for productivity. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by shortIGBOman: 9:41am On Dec 11, 2024 |
Wallade:The Tinubu version is dead. The one that will later be approved is the version with contents that is not anti-North. Tinubu's original tax bill is dead. Anyhow it is, the North will prevail. |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Kukutente23: 9:41am On Dec 11, 2024 |
aswani:Lol. The guy you're patronising has been opening moniker upon moniker to troll Igbo on this platform. He's the same as typing, almaiga etc He's turned on Yorubas now because his brother is no longer in power |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 9:43am On Dec 11, 2024*. Modified: 10:05am On Dec 11, 2024 |
Kukutente23:Your argument is so ridiculous. CBN is an autonomous organization. CBN is not a committee; it is not under the direct control of the federal government with respect to monetary policy administration in Nigeria. Federal Government has the powers over fiscal policy. Go and read the CBN act. You can't compare CBN with RMAFC. RMAFC is a committee that reports to the Federal Government and it's responsibility is primarily advisory. CBN is an executing body with autonomy as it concerns monetary policy. What is sentimental about these argument that I presented? Federal Executive Council and, National Assembly through legislative laws, can determine the allocation to Federal, State and Local Government based on lawful and approved template and ratio. The role of RMAFC is advisory. RMAFC is not autonomous - please prove that I am wrong with facts and the law. Don't keep telling me what you think without verifiable facts |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 9:51am On Dec 11, 2024 |
shortIGBOman:You have a serious Tribal Bigotry problem. Obviously, you are still fixated with the election that produced the president when a lot of us have moved on. You can keep lamenting and complaining, I don't care. I have no time for you - ShortIgboMan |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by shortIGBOman: 10:03am On Dec 11, 2024 |
Wallade:What is tribal in the North rejecting a bill that is meant to favour only Lagos and Tinubu? You are just pained that the North has killed Tinubu's tax bill. You mentioned that I am pained about Tinubu's election. I am from the North and it's the North that made Tinubu President. I campaign and supported Tinubu even here on nairaland. But the entire North regret it's action and we asked God for forgiveness.
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| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 10:08am On Dec 11, 2024 |
shortIGBOman:So the bill does not favor Enugu, Anambra, Imo, Ebonyi and others? It does not favor Kano, Bauchi, Kaduna, Nassarawa, Kogi, Edo, Delta, Rivers, Always Ibom and other? It does not favor every state and Abuja in Nigeria? Tell what you even know about the Tax Reform Bills. I can bet you don't know anything about it other than what you have heard on social media and your hatred for Yorubas and particularly the Tinubu |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Kukutente23: 10:09am On Dec 11, 2024 |
Wallade:Keep quiet and stop writing rubbish Can CBN change the country's currency without Presidential approval? Does CBN autonomously decide to float or defend the naira without Presidential approval? You think it is only the revenue allocation that is the work of RMAFC? Who fixes the salaries of all political office holders including the President? Is it not the same RMAFC? And for your info, RMAFC is a commission not a committee. RMAFC is an autonomous body which works with even states and LGs. Check section 153 of the Constitution FG and NASS cannot unilaterally change revenue allocation framework. Go and get yourself properly educated instead of blowing ignorant hot air. You are just typing up and down out of ignorance |
| Re: Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula by Wallade(m): 10:18am On Dec 11, 2024 |
Kukutente23:RMAFC is a commission driven by a committee of appointed persons not elected persons. RMAFC is not autonomous - show or quote the Constitution that says it is autonomous. CBN consulting with the Federal Government on change of currency notes, floating or defending the naira does not take away CBNs autonomy on matters of Monetary policy. The consultation is primarily a courtesy and it is to ensure that the monetary and fiscal policies of Nigeria are synchronized to compliment each other and achieve best possible results in the interest of Nigeria. CBN autonomy is derived from the act that established it. Can you show me the word autonomy in the Constitution or act that established RMAFC? Read more brother, I am waiting to hear your next line of argument |
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