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The Hidden Injustice Behind VAT - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › The Hidden Injustice Behind VAT (698 Views)

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The Hidden Injustice Behind VAT by Aboki99(op): 7:58pm On Dec 19, 2024
1.) Obajana, one of Dangote's cement factories based in Kogi State, is the biggest cement company in Nigeria, nay Africa.

However, all VAT payabale from Obajana (which sells the bulk of its cement products in the North) are captured under Lagos because the parent Dangote Cement Company Plc was REGISTERED in Lagos.

2. ) Savannah Sugar Company based in Numan, Adamawa state, is the biggest cement maker (not processor). It converts raw sugarcane planted, grown and cultivated in Adamawa, Yobe, Taraba, Jigawa etc into final-user sugar.

However, simply because Dangote Sugar Plc was REGISTERED in Lagos, all the value added (planting, growing and cultivation of sugarcane etc) tax (VAT) that Savannah Sugar Company, Numan pays are recorded for Lagos.


These are just two examples of how Lagos SHORTCHANGE other states.

Yet Tinubu wants to increase the share of LAGOS's VAT because he thinks northerners are stupid and cant understand elementary economics of VAT.
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Re: The Hidden Injustice Behind VAT by LegendHero(m): 8:33pm On Dec 19, 2024
Aboki99:
1.) Obajana, one of Dangote's cement factories based in Kogi State, is the biggest cement company in Nigeria, nay Africa.

However, all VAT payabale from Obajana (which sells the bulk of its cement products in the North) are captured under Lagos because the parent Dangote Cement Company Plc was REGISTERED in Lagos.

2. ) Savannah Sugar Company based in Numan, Adamawa state, is the biggest cement maker (not processor). It converts raw sugarcane planted, grown and cultivated in Adamawa, Yobe, Taraba, Jigawa etc into final-user sugar.

However, simply because Dangote Sugar Plc was REGISTERED in Lagos, all the value added (planting, growing and cultivation of sugarcane etc) tax (VAT) that Savannah Sugar Company, Numan pays are recorded for Lagos.


These are just two examples of how Lagos SHORTCHANGE other states.

Yet Tinubu wants to increase the share of LAGOS's VAT because he thinks northerners are stupid and cant understand elementary economics of VAT.
If the new tax system aims to ensure that VAT is paid to the location where it is actually generated, rather than to the headquarters, how is this a disadvantage to the North, especially considering it aligns with the very argument you made in the Dangote example?

Before coming online to share an opinion, make sure you have the intellectual capacity to back up your argument.

The funniest part is that you might be the most intelligent person in your local government. If you’re this dull, only God knows what those less intelligent than you are going through.
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Re: The Hidden Injustice Behind VAT by Carazon:
Aboki99:
1.) Obajana, one of Dangote's cement factories based in Kogi State, is the biggest cement company in Nigeria, nay Africa.

However, all VAT payabale from Obajana (which sells the bulk of its cement products in the North) are captured under Lagos because the parent Dangote Cement Company Plc was REGISTERED in Lagos.
This injustice to the north is what Tinubu wants to address, you should be thanking him instead.
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Re: The Hidden Injustice Behind VAT by TooMuchStuff: 9:18pm On Dec 19, 2024
Sometimes you wonder how someone will scream at a topic he knows little or nothing about.

Ask them to go to school, mba...na terrorists de hungry dem all of them..
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Re: The Hidden Injustice Behind VAT by Aboki99(op): 12:20am On Dec 20, 2024
LegendHero:
If the new tax system aims to ensure that VAT is paid to the location where it is actually generated, rather than to the headquarters, how is this a disadvantage to the North, especially considering it aligns with the very argument you made in the Dangote example?

Before coming online to share an opinion, make sure you have the intellectual capacity to back up your argument.

The funniest part is that you might be the most intelligent person in your local government. If you’re this dull, only God knows what those less intelligent than you are going through.


THIS IS NOT CONTAINED IN THE TAX BILL.

GO AND CHECK IT.
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Re: The Hidden Injustice Behind VAT by gr8ofnnetwork(m): 12:25am On Dec 20, 2024
Aboki99:
1.) Obajana, one of Dangote's cement factories based in Kogi State, is the biggest cement company in Nigeria, nay Africa.

However, all VAT payabale from Obajana (which sells the bulk of its cement products in the North) are captured under Lagos because the parent Dangote Cement Company Plc was REGISTERED in Lagos.

2. ) Savannah Sugar Company based in Numan, Adamawa state, is the biggest cement maker (not processor). It converts raw sugarcane planted, grown and cultivated in Adamawa, Yobe, Taraba, Jigawa etc into final-user sugar.

However, simply because Dangote Sugar Plc was REGISTERED in Lagos, all the value added (planting, growing and cultivation of sugarcane etc) tax (VAT) that Savannah Sugar Company, Numan pays are recorded for Lagos.


These are just two examples of how Lagos SHORTCHANGE other states.

Yet Tinubu wants to increase the share of LAGOS's VAT because he thinks northerners are stupid and cant understand elementary economics of VAT.
That is exactly what Tinubu want to correct saddists and damaged soul. Because of your hate, Tinubu want to correct the failures of 42 years of Northern Presidency of nothingness. Have some shame and let retracted wisdom flourish
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Re: The Hidden Injustice Behind VAT by gr8ofnnetwork(m): 12:27am On Dec 20, 2024
LegendHero:
If the new tax system aims to ensure that VAT is paid to the location where it is actually generated, rather than to the headquarters, how is this a disadvantage to the North, especially considering it aligns with the very argument you made in the Dangote example?

Before coming online to share an opinion, make sure you have the intellectual capacity to back up your argument.

The funniest part is that you might be the most intelligent person in your local government. If you’re this dull, only God knows what those less intelligent than you are going through.
Unfortunately, he is the person with highest IQ from the LGA and Senatorial Districts, that is why they made him Spokesperson. Sadly,he represent and speak for his people. May we not be Dundee United members
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Re: The Hidden Injustice Behind VAT by Brenbentondiaz: 7:22am On Dec 20, 2024
Aboki99:
1.) Obajana, one of Dangote's cement factories based in Kogi State, is the biggest cement company in Nigeria, nay Africa.

However, all VAT payabale from Obajana (which sells the bulk of its cement products in the North) are captured under Lagos because the parent Dangote Cement Company Plc was REGISTERED in Lagos.

2. ) Savannah Sugar Company based in Numan, Adamawa state, is the biggest cement maker (not processor). It converts raw sugarcane planted, grown and cultivated in Adamawa, Yobe, Taraba, Jigawa etc into final-user sugar.

However, simply because Dangote Sugar Plc was REGISTERED in Lagos, all the value added (planting, growing and cultivation of sugarcane etc) tax (VAT) that Savannah Sugar Company, Numan pays are recorded for Lagos.


These are just two examples of how Lagos SHORTCHANGE other states.

Yet Tinubu wants to increase the share of LAGOS's VAT because he thinks northerners are stupid and cant understand elementary economics of VAT.
Are you dense, dyslexic, or both? Tinubu is trying to correct what you're blaming him for up there, and your fellow northerners (if you're truly one) are kicking against it, because they know they won't be able to get free money from what they don't consume. I think topics like this are beyond your brain capacity. Just stick to reciting your quran from morning to evening.
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Re: The Hidden Injustice Behind VAT by Paraman: 7:25am On Dec 20, 2024
Aboki99:
1.) Obajana, one of Dangote's cement factories based in Kogi State, is the biggest cement company in Nigeria, nay Africa.

However, all VAT payabale from Obajana (which sells the bulk of its cement products in the North) are captured under Lagos because the parent Dangote Cement Company Plc was REGISTERED in Lagos.

2. ) Savannah Sugar Company based in Numan, Adamawa state, is the biggest cement maker (not processor). It converts raw sugarcane planted, grown and cultivated in Adamawa, Yobe, Taraba, Jigawa etc into final-user sugar.

However, simply because Dangote Sugar Plc was REGISTERED in Lagos, all the value added (planting, growing and cultivation of sugarcane etc) tax (VAT) that Savannah Sugar Company, Numan pays are recorded for Lagos.


These are just two examples of how Lagos SHORTCHANGE other states.

Yet Tinubu wants to increase the share of LAGOS's VAT because he thinks northerners are stupid and cant understand elementary economics of VAT.
Akpabio said people like you who don't understand the tax reform bills are the loudest.

https://dailypost.ng/2024/12/18/those-who-dont-understanding-tax-reform-bills-are-loudest-critics-akpabio/

You've proved him right.

A lot of you guys against the tax reform bills are just so dull. The tax reform bills will put an end to this mess you're talking about but dull people like you that don't understand the bill are against it

Thank God the "slow" people like you are in the minority.

https://dailypost.ng/2024/12/18/tax-reform-bills-will-see-light-of-day-nass-assures-tinubu/?
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Re: The Hidden Injustice Behind VAT by Cindypresh(f): 7:29am On Dec 20, 2024
Aboki99:
1.) Obajana, one of Dangote's cement factories based in Kogi State, is the biggest cement company in Nigeria, nay Africa.

However, all VAT payabale from Obajana (which sells the bulk of its cement products in the North) are captured under Lagos because the parent Dangote Cement Company Plc was REGISTERED in Lagos.

2. ) Savannah Sugar Company based in Numan, Adamawa state, is the biggest cement maker (not processor). It converts raw sugarcane planted, grown and cultivated in Adamawa, Yobe, Taraba, Jigawa etc into final-user sugar.

However, simply because Dangote Sugar Plc was REGISTERED in Lagos, all the value added (planting, growing and cultivation of sugarcane etc) tax (VAT) that Savannah Sugar Company, Numan pays are recorded for Lagos.


These are just two examples of how Lagos SHORTCHANGE other states.

Yet Tinubu wants to increase the share of LAGOS's VAT because he thinks northerners are stupid and cant understand elementary economics of VAT.
Kogi is not North, so shut the fcck up
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Re: The Hidden Injustice Behind VAT by Aboki99(op): 10:28am On Dec 20, 2024
Cindypresh:
Kogi is not North, so shut the fcck up
Kogi is north, whether ur pa. Pa knows it or not
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Re: The Hidden Injustice Behind VAT by FearlessYoruba: 10:32am On Dec 20, 2024
Aboki99:
Kogi is north, whether ur pa. Pa knows it or not
Hope you've learn enough from this thread?
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