₦airaland Forum

Why the Controversial tax law should be paused?

It is now undeniable that the tax laws have been fundamentally altered, and even a firm as esteemed as KPMG has pinpointed 31 critical problem areas, from drafting errors to glaring policy contradictions and administrative gaps. This revelation should prompt every responsible government to take immediate action.

Even more alarming is the fact that it took private meetings between the National Revenue Service and KPMG for these serious issues to be acknowledged. If experts require closed-door discussions to navigate the complexities of our tax laws, what hope does the average Nigerian have of comprehending the obligations being imposed on them?

Taxation transcends mere fiscal policy; it represents a social contract between the government and its citizens. You cannot enforce a social contract that isn’t understood or trusted.

Globally, tax policies are justified by delivering tangible benefits to citizens: improved healthcare, better educational systems, job opportunities, infrastructure development, and social safety nets. This is what the social contract signifies. In Nigeria, the narrative is all about how much more the government seeks to extract, rather than what it is prepared to offer in return. A tax system devoid of clear public benefits isn’t reform; it is, quite frankly, extortion.

Typically, months, if not years, are dedicated to consulting with businesses, workers, and civil society before tax drafts are presented for public discussion, with the ramifications clearly explained. People must be informed not only about their financial contributions but also about the benefits that will ensue. This is how legitimacy is cultivated. Yet, in Nigeria, we have seen no such public consultations or discussions regarding the final tax laws, leaving ordinary citizens completely in the dark about both the regulations and the benefits of the taxes they’re expected to pay.

We have hastily pursued collection without securing a consensus and imposed enforcement without providing adequate explanations. Even after the removal of subsidies, Nigerians remain in limbo, waiting for tangible benefits or relief. Instead, they are grappling with skyrocketing food prices, exorbitant transport costs, dwindling purchasing power, and escalating poverty levels.

Before we have even begun to address these issues, we are being thrust into an expansive new tax regime, riddled with inconsistencies and producing 31 alarming red flags from a leading global accounting firm. This is not the hallmark of responsible governance.

Without trust, taxation feels like punishment. Without clarity, it breeds confusion. Without evident public value, it amounts to robbery.

Nigeria cannot afford to place further burdens on its already struggling citizens. What we need is a government that listens, communicates effectively, and prioritises building national consensus. This is the only viable path to genuine reform, unity, growth, and shared prosperity.

A New Nigeria is not just a possibility; it is an imperative. -PO

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Omooba77:
Why the Controversial tax law should be paused?

It is now undeniable that the tax laws have been fundamentally altered, and even a firm as esteemed as KPMG has pinpointed 31 critical problem areas, from drafting errors to glaring policy contradictions and administrative gaps. This revelation should prompt every responsible government to take immediate action.

Even more alarming is the fact that it took private meetings between the National Revenue Service and KPMG for these serious issues to be acknowledged. If experts require closed-door discussions to navigate the complexities of our tax laws, what hope does the average Nigerian have of comprehending the obligations being imposed on them?

Taxation transcends mere fiscal policy; it represents a social contract between the government and its citizens. You cannot enforce a social contract that isn’t understood or trusted.

Globally, tax policies are justified by delivering tangible benefits to citizens: improved healthcare, better educational systems, job opportunities, infrastructure development, and social safety nets. This is what the social contract signifies. In Nigeria, the narrative is all about how much more the government seeks to extract, rather than what it is prepared to offer in return. A tax system devoid of clear public benefits isn’t reform; it is, quite frankly, extortion.

Typically, months, if not years, are dedicated to consulting with businesses, workers, and civil society before tax drafts are presented for public discussion, with the ramifications clearly explained. People must be informed not only about their financial contributions but also about the benefits that will ensue. This is how legitimacy is cultivated. Yet, in Nigeria, we have seen no such public consultations or discussions regarding the final tax laws, leaving ordinary citizens completely in the dark about both the regulations and the benefits of the taxes they’re expected to pay.

We have hastily pursued collection without securing a consensus and imposed enforcement without providing adequate explanations. Even after the removal of subsidies, Nigerians remain in limbo, waiting for tangible benefits or relief. Instead, they are grappling with skyrocketing food prices, exorbitant transport costs, dwindling purchasing power, and escalating poverty levels.

Before we have even begun to address these issues, we are being thrust into an expansive new tax regime, riddled with inconsistencies and producing 31 alarming red flags from a leading global accounting firm. This is not the hallmark of responsible governance.

Without trust, taxation feels like punishment. Without clarity, it breeds confusion. Without evident public value, it amounts to robbery.

Nigeria cannot afford to place further burdens on its already struggling citizens. What we need is a government that listens, communicates effectively, and prioritises building national consensus. This is the only viable path to genuine reform, unity, growth, and shared prosperity.

A New Nigeria is not just a possibility; it is an imperative. -PO

https://x.com/i/status/2011134779811623025

Mr Wailing ton,you like cho cho cho too much sir.

The same man that increase poverty rate as governor in anambra state is here talking rubbish

Interesting take from him
But is the law not already operational?

Ofemannnu:
Mr Wailing ton,you like cho cho cho too much sir.

How about you focus on the message?

Did you read this part "KPMG has pinpointed 31 critical problem areas, from drafting errors to glaring policy contradictions and administrative gaps"?

You supporters of Tinubu must learn that "Patriotism means to stand by the country. It does not mean to stand by the president or any other public official".

COMRADES, analysts and experts have been advocating for the suspension of this saga but I don't know why Tinubu doesn't want to listen to anybody

This government is funny. People can hardly feed right now and all the government can think about is to tax the citizens adding fuel to the fire.

yarimo:
The same man that increase poverty rate as governor in anambra state is here talking rubbish

The clown is just trying to stay in the news and stay relevant.
He thinks that by attacking every govt policy that it will help with his cult base.

Make Pitobi go sii down somewhere jo. This was the same Pitobi that taxed heaven and earth out of his people when he was the Governor of Anambra. Poor ibo market woman went to protest in front of his Governors office.

The unfortunate thing is that Pitobi sent Police Men to pursue this protesti peasant away with Tear Gas. His administration which was notorious for corruption and maladministration, also couldn't account for the money they took from the people

If by mistake tilumbu enter heaven I swear he will want to

1. start entering tabernacle to collect saxophone 🎷 tax from choir Angels

2. stand at pearly gates to collect transportation tax from messenger 📬 Angels

3. and he will create DSS Angel squad to chase after warrior 🪖 angels

Even Oluwa know say Tilumbu is a scorge that should have never been

Come pause am na , Dull Fellow !

ColdHunter:
How about you focus on the message?

Did you read this part "KPMG has pinpointed 31 critical problem areas, from drafting errors to glaring policy contradictions and administrative gaps"?

You supporters of Tinubu must learn that "Patriotism means to stand by the country. It does not mean to stand by the president or any other public official".

It's difficult focusing on the message when the messenger is a failure who pretends to know better.

Omooba77:
Why the Controversial tax law should be paused?


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Obi think say TIfnubu wan collect tax. He no know say the old druggie wan thief Nigerians money at gun point.

Nothing concern the thief with inconsistencies and what not .

[quote author=Omooba77 post=138124598]Why the Controversial tax law should be paused?


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yommen:
It's difficult focusing on the message when the messenger is a failure who pretends to know better.

This Peter Obi is a failure?

Una sabi talk shaa

Governor, Anambra State of Nigeria (2006-2014)

· Honorary Special Adviser to the President on Finance (till May, 2015)

· Member, Presidential Economic Management Team (till May, 2015)

· Vice-Chairman, Nigeria Governors’ Forum (2008-2014)

· Chairman, South-East Governors’ Forum (2006-2014)

. Former Chairman: Board of Securities and Exchange Commission (SEC)

· Former Chairman: Fidelity Bank Plc.

· Former Chairman: Guardian Express Mortgage Bank, Ltd.

· Former Chairman: Future Views Securities, Ltd.

· Former Chairman: Paymaster Nigeria Plc.

· Former Chairman: Next International (Nigeria) Ltd

· Former Director: Guardian Express Bank Plc.

· Former Director: Chams Nigeria Plc.

· Former Director: Emerging Capital Ltd

· Former Director: Card Centre Plc

Obviously he doesn't know anything about the new Tax Bill

Ofemannnu:
Mr Wailing ton,you like cho cho cho too much sir.

The loser will play politics with everything. And as a desperado, chronic tax dodger and law breaker, he would not want anything to work

Na goat they talk to his leaves i guess.. go stop am obi .. se

Obi is a terror to tinibu's apc govt

Tinubu to paused Wetin?, Tinubu that gave Agbero their own administration, they now have Agbero Governors and President of Agbero with their own senates, all in the name of estortion...

ColdHunter:
How about you focus on the message?

Did you read this part "KPMG has pinpointed 31 critical problem areas, from drafting errors to glaring policy contradictions and administrative gaps"?

You supporters of Tinubu must learn that "Patriotism means to stand by the country. It does not mean to stand by the president or any other public official".

Can you please share a link where KPMG listed 31 flaws

ColdHunter:
How about you focus on the message?

Did you read this part "KPMG has pinpointed 31 critical problem areas, from drafting errors to glaring policy contradictions and administrative gaps"?

You supporters of Tinubu must learn that "Patriotism means to stand by the country. It does not mean to stand by the president or any other public official".

same KPMG that went to visit the chairman of the NRS today abi yesterday hailing the tax reform as a very nice one. Bring another story sir if it's because of the KPMG u want the law to be put on hold

He doesnt want pay tax.That is why his company was scrabed in the UK

Incoming president in 2031 can review it

ColdHunter:
This Peter Obi is a failure?

Una sabi talk shaa

Please can you share his notable achievements when he held these posts?

Who let this dog out again?

Omooba77:
Why the Controversial tax law should be paused?


source

Whoever is a fan of this agulu man needs to think twice.

He jumps from hearsay and then rushed to the social media to disgrace himself.

KPMG has admitted that they misunderstood some sections of the Acts and have since sought clarifications and this has been settled.

But the agulu man..... I am not surprised 🙀

You want to suspend a law that has been passed just by mere pushing out your opinion

Who ¢∆rsed us with this agulu man.

Tinubu till 2031.

The man of the people have spoken while his enemies due to tribalism and religious bigot are gnashing their teeth in pains.

To add to their injuries and pains, PO is the most intelligent, well composed, corrupt free, free minded and dignified politician in the whole of Africa.

ColdHunter:
How about you focus on the message?

Did you read this part "KPMG has pinpointed 31 critical problem areas, from drafting errors to glaring policy contradictions and administrative gaps"?

You supporters of Tinubu must learn that "Patriotism means to stand by the country. It does not mean to stand by the president or any other public official".

How about you quote KPMG 31 errors here. Your sh^me is sh^meful. So you just decide to believe your agulu man hook, line and sinker

Tinubu till 2031.