pippimp:


Again, you need to get informed. You don't understand taxation and you are trying to lecture me about something i file for every year. Ok. Plus, 390,000 in ten places in 3,000,000. So lets say he donated into different places, it would add up.

Keneking:
She is right

TheGoodJoe:


You are guessing. He is not laundering with Naija. You can not claim you donated money. That is not how taxation works. You did not hear him say he donated to other teams. He reacted to the challenges he heard our National dream team faced.

You can donate after taxes. Not before.

pippimp:


Which is why you need to go back and read my initial post. I did not say he is a money launderer. I said that is how money is laundered. You brought up the issue of "if he was" a money launderer. And in the U.S, you can claim money you donated. Even money you paid as tithe in church you can claim. I file every year. Do You?

sarrki:
U can see the kind of people representing us

viviangist:



http://leadership.ng/sports/547789/rio-olympics-senate-to-probe-sports-minister-noc

shukuokukobambl:
Una see why curses must follow these our so-called senators?

You irresponsible lawmakers refused to step up to the plate after the FG failed these guys. Against all the odds, they managed to get a medal and now got rewarded by a foreigner who has his head screwed right to recognize hard work when he sees one, una come dey bring up nonsense talk. Wetin concern us with source? Japanese govt tell you say their yams dey miss?

Even if na drug money, Mikel and his people have chopped this one and nothing you can do about it

TheGoodJoe:


You file every year. I have heard that. I am saying, taxation does not work like that. Look at the cases going on with Mascherano, Neymar and Messi. Have you heard them talk about money they donated.

When we say Income tax, you can not say you donated your income tax. It does not work like that. Same goes to other taxes.

You pay taxes, not donate taxes. It is very logical.

pippimp:


Well, this is how it works in the U.S. Tax is deducted every month for 12 months. Starting January the following year, you have to file your returns. Your tax is basically a loan to the government if you earn below a certain per annum income which will be refunded back to you. Now, there are exemptions that you can claim while filling. This does not have per annum income restrictions. If you bought a car, bought a house, bought a fuel efficient car like a hybrid, donated money, paid tithe, had a baby, had two babies, had three babies, lost money in the stock market, Got a babysitter while you went to work the whole year or was looking for work, etc, the government will pay all or a percentage back to you,. Look it up. Google is your friend.

TheGoodJoe:


You can only claim a tax deduction for gifts or donations to organisations that have the status of deductible gift recipients (DGRs).
https://www.ato.gov.au/Individuals/Income-and-deductions/

Definitely, the Dream Team does not fall within the DGR.

pippimp:


Well, this is how it works in the U.S. Tax is deducted every month for 12 months. Starting January the following year, you have to file your returns. Your tax is basically a loan to the government if you earn below a certain per annum income which will be refunded back to you. Now, there are exemptions that you can claim while filling. This does not have per annum income restrictions. If you bought a car, bought a house, bought a fuel efficient car like a hybrid, donated money, paid tithe, had a baby, had two babies, had three babies, lost money in the stock market, Got a babysitter while you went to work the whole year or was looking for work, etc, the government will pay all or a percentage back to you,. Look it up. Google is your friend.

pippimp:


So now you understand that you can claim donations. In the U.S, the NFF, not the dream team would have that status.

TheGoodJoe:


Enlightening. Learnt something new but in the case of the Dream Team, I doubt the Japanese Billionaire can use that for Tax claims. Considering we are operating on similar laws of the US.

Look at this article of the couple.

http://reveilletax.com/blog/deduction-denied-tithes-and-offerings

No time to dig deep into the matter. However, there is a kind of in place to assist bodies that assist. There is a filing system for this. From the points so far, I do not see how the Dream Team can qualify for Tax claims.

pippimp:


You are missing the point. The point of the whole discussion is there are a lot of things about the way the outside world conducts business that Nigerians are not aware of. And that is not good.