₦airaland Forum

Ojuntana:
It reduces only income tax for low and middle income earners and small businesses
For large corporations and the wealthy, it increases tax
The problem is that the large corporations control trade and manufacturing and will simply push the resultant increase down the line to the middle and low income earners who form the large base of consumers.
Also VAT increase will reduce disposable income in this Tinubulation era where cost of goods have gone up by over 300% from may 2023.
It's like giving with one finger and taking back with nine.
Do you understand this ripple effect or you need to go back and watch videos to understand it?

Unnecessary shalaye

helinues:
Unnecessary shalaye

But you asked for it
What is your problem
If you didn't want shalaye why ask stupid questions?

Ojuntana:
I've also noticed that a lot of southern Nigerians think of poverty when they think of northerners not knowing that those northerners you're seeing have more money than you can dream of. They only have a sedentary lifestyle where they live far below their means.

In the north today, most farmers from thick villages are coming into their towns and cities to buy solar panels and pumps worth millions of naira to engage in dry season farming.

Most of these people WILL NOT pay any tax. Who is going to go into thick villages to collect tax? They also live outside the banking system which makes it difficult to get them to pay all these useless bank charges you southerners are already burdened with.

Worse still, when southerners start jacking up prices of manufactured goods and fuel price, they will in turn increase price of agric produce which are tax free!!

So who gains at the end? Their governors will never tax them! Be there shouting IGR and VAT. Southerners only read book. They do not read sense!!

A southern president killed Ariel and Omo leaving southerners to use Viva that's made in the north!!

Chai!! Book with no sense!!

Good Points . Then Can you Please give reasons why Northerners are Kicking against the Tax Reforms?

Moderator, Tax Reforms is Trending now.

I think this should hit the FrontPage for many to Gets Involved , Learn and Contributes.
Thanks

viyon02:
Ok, let me just put it in a nutshell, Fg will allow every states to manage their resources and then each states send just 15% of the revenue generated to Fg. It means that governors have alot of work to do by looking for ways to generate more money to run the their states, No more money from Fg to finance any state. States in the south-south will have more money because of crude oil, while the north will have to find ways to generate more money to survive. BUT THE TRUTH IS, NO STATE/REGION IS POOR IN TERM OF RESOURCES, WE ONLY HAVE LAZY GOVERNORS WHO ARE TOO POOR TO REASON OUT WHAT THEY CAN DO.

what will happen to state that refuses to send 15%

rightopdeep:
Good Points . Then Can you Please give reasons why Northerners are Kicking against the Tax Reforms?

They are kicking against it because it will reduce revenue accruing to their states
It's simple.
They don't care for the aspect of the bills that favour the lie income earners because they know their people are already exempted

Ojuntana:
They are kicking against it because it will reduce revenue accruing to their states
It's simple.
They don't care for the aspect of the bills that favour the lie income earners because they know their people are already exempted

Nothing is favouring the low income earners.

What category does someone that's earning 800k per annum fall into? Low or middle income earners. Do you know someone who's earning ₦800k per annum will pay tax and if you divide ₦800k by 12 calendar month it's just a paltry ₦66k+. So, tell me what will ₦66k+ do in this Tpain era.

It would have been better if someone earning ₦3.6million per annum can enjoy tax waiver. Moreover, in Kenya someone earning 3.6 million per annum are enjoying tax waivers.

Oyelakin225:
Nothing is favouring the low income earners.

What category does someone that's earning 800k per annum fall into? Low or middle income earners. Do you know someone who's earning ₦800k per annum will pay tax and if you divide ₦800k by 12 calendar month it's just a paltry ₦66k+. So, tell me what will ₦66k+ do in this Tpain era.

It would have been better if someone earning ₦3.6million per annum can enjoy tax waiver. Moreover, in Kenya someone earning 3.6 million per annum are enjoying tax waivers.

PIT even goes to states. Most big companies in Nigeria with staff all over Nigeria still pay their PIT to Lagos. Banks, telcos and fmcgs fall into this category.
PIT is subjective. Some states are more compliant than others

Bobloco:
Were you in Lagos before and after his tenure, and then subsequently up until Ambode's tenure?

When Ambode defeats Peter Obi in future presidential elections, you will suddenly realise that he was rubbish.

I can see the format. Election loss can pain.