chloride6:


I fully understand the law and it is a good one .

It is not targetted at Atiku. Dangote's Foreign assets far exceed Atiku's own.

Ask yourself why now? Why an executive order and not passed by the National Assembly? In politics, nothing is a mistake or coincidence. A law can be made just to target an opposition.

Nice one- america does it Europe they do it- the fight against corruption should have started with this move

Jaideyone:
see a lot of illiterates insulting buhari when it's obvious developed countries have similar laws


a simple Google search could have saved this multitude from embarrassing themselves.


btw 99.9999% of the people crying don't even own a pin abroad o


https://www.telegraph.co.uk/finance/personalfinance/expat-money/9760320/How-to-escape-the-offshore-property-tax-trap.html

https://international-adviser.com/surprise-dip-offshore-held-property-tax/


https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/tax-on-overseas-property-acq0f5m4vw5v

You could have been better if you were just illiterate but you have foolishness added together to your illiteracy.

Seriously, Nairalander must begin to think of what to do to check the kind of gutter language that so-called educated people spew forth in this forum. It's like many of us did not go to school, or if they did, have forgotten that learning without character is failure. How can people be so enmeshed in hate and dislike? One could have overlooked this if these people really know what they want out of life, being led only by whims, fancies and wherever the wind blows!

Jaideyone:
see a lot of illiterates insulting buhari when it's obvious developed countries have similar laws


a simple Google search could have saved this multitude from embarrassing themselves.


btw 99.9999% of the people crying don't even own a pin abroad o


https://www.telegraph.co.uk/finance/personalfinance/expat-money/9760320/How-to-escape-the-offshore-property-tax-trap.html

https://international-adviser.com/surprise-dip-offshore-held-property-tax/


https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/tax-on-overseas-property-acq0f5m4vw5v

You said developed countries .. Are we a developed country? If you must copy developed country, copy it 100%

JayMarx:


Before you embarass yourself further. Those countries put the life of their citizens above everything. When did you hear that an American is hanged in Indonesia for traficking? Do you think they don't. What's the protection that Nigeria gives her citizen that are abroad.
INTELligent people know that he's Articulating a plan.

mumu talk. keep making a fool of yourself.

the law is targeted at getting money from Nigerians that are rich so the money can be used to repair roads and build public hospitals and schools that the poor and average people like you and I will benefit from more but you are still complaining.

your education is a waste!!!

Mccullum:


Continue to display you foolishness.

How Sir, "wise one" Can you talk on issues and not sentiment?

majasaint:


You could have been better if you were just illiterate but you have foolishness added together to your illiteracy.

someone that can't do a simple Google search is calling someone am illiterate

CyberWolf:
You said developed countries .. Are we a developed country? If you must copy developed country, copy it 100%

the law is targeted at getting money from Nigerians that are rich so the money can be used to repair roads and build public hospitals and schools that the poor and average people like you and I will benefit from more.

the law will only affect 0.1% of Nigerians!!! but the great majority will benefit from the funds it will generate for the government!!!


educate yourself

How 9ja go take better when hatred don blind our judgement? Nigeria can't move forward with such mentality of ours.

Instead of us analysing it possibility and legality critically we jump in to condemn the scheme. Advanced countries have such laws in place.

Some persons did not even read the content before commenting to condemn Buhari to know whether or not it is beneficial to the country. No wonder a scholar once said, the illiterate of the 21st century is not one who can not read nor write but one who can not learn, relearn and unlearn.

This LIFELESS president has not only ran mad but is walking naked internationally.



See what Yorubas voted for.

See them still supporting this lame and clueless mofo.

The amount of confident ignorance that gets put out on this forum is mind-boggling to say the least. the simplest research would have given context to this post but no... a government comes to enact policy that is sensible and people reply from a point of all emotion and no factual basis and with no empirical research done. Yet when the country is not developed the same people are wondering why and cursing out the leadership. Nigerians really deserve the leadership they have.

Jaideyone:
the law is targeted at getting money from Nigerians that are rich so the money can be used to repair roads and build public hospitals and schools that the poor and average people like you and I will benefit from more.

the law will only affect 0.1% of Nigerians!!! but the great majority will benefit from the funds it will generate for the government!!!


educate yourself

Yorubas as ussual will support this idiot.

Why don't he tax cows and goats.

This man is a thief who only came to steal and kill.

Nbote:
Lolzzz... With each passing day dis govt jus proves how absolutely clueless dey are... How do U expect to collect taxes on properties in other countries? Are U d one providing infrastructures and facilities those properties enjoy?



Reading is one thing understanding is anoda thing... Im now certain U ppl have mucus in ur heads for brains

you are definitely out of your senses.

the question is do many other countries have similar laws?

and this is a government that is trying to get money from the 0.01% and give it to build Hospitals and roads 99.99% will benefit from!!!

of the money will be used well then it's a good thing!!!

he's trying to take from the rich to better the lives of the poor!!!

bedspread:


Seriously speaking, I have Tried to be mindful of the words I say to our President but we are pressured with Reasons to do otherwise..

This Is a Desprate and Clueless decision from The top... maybe in order to persecute a man!

I AM DISAPPOINTED!!

If you don't know then you don't know.

milemimi93:
Sai baba

y has EFCC not brought charges against atiku 4 stealing $40m from nigeria?

jabolo:
Is the lack of comprehension displayed here a sign of the general malaise in our educational system, or political fingers in ears singing 'nanananana'?

If you are a Nigerian taxpayer, you are obliged to pay taxes on your worldwide income. That is a primary responsibility. If you've paid tax already on that income, you have bilateral or multilateral double taxation arrangements to provide set offs. Perfectly normal everywhere else except many African countries have not got round to it yet.

How the hell do you grow non-oil revenues when leakages as these are not plugged?

Adeosun's legacy is the army of smart young and motivated Nigerians prowling the corridors of the Ministry of Finance so its not Buhari cooking up some dastardly plot against political opponents.

If you prefer that comforting illusion, and get your daily anger vent from such regardless, ok, I see, carry on.

Finally!!!
I have found the last surviving brain in Nairaland.
If Nairaland had more of you on this forum there will be more credibility attached to the forum
Please continue to dish these intelligent piece out to these kids that have sold off there education because of politics.

So many educated illiterates on this forum. Why don't you listen to professionals before making comments. Income tax by Nigerian citizens are paid on worldwide income not only the one made within Nigeria jurisdiction.

Will President Buhari sign any order without the input from professionals,accountants and tax men?

Nigeria is doomed from the children of hate who display their ignorance everyday

Jaideyone:
you are definitely out of your senses.

the question is do many other countries have similar laws?

and this is a government that is trying to get money from the 0.01% and give it to build Hospitals and roads 99.99% will benefit from!!!

of the money will be used well then it's a good thing!!!

he's trying to take from the rich to better the lives of the poor!!!

Here's d legislation U quoted...

[b]
On December 11, the Government published draft legislation outlining new taxes and charges which will have to be paid by offshore companies which own property in the UK. Although a consultation document on the topic was issued in May, there have been some significant changes since then – and property owners should start to plan accordingly before the laws come into force.
The main features of the proposed legislation will affect properties which are valued at more than £2 million and which are owned by “non-natural persons”. (This is a reference to foreign companies, partnerships, funds and the like, not to persons with strange personal habits.)
Previously many foreign buyers of UK property have chosen to register their properties in the name of an offshore company in order to eradicate UK inheritance tax (IHT), which would otherwise be charged at 40 per cent on the whole value of the property, after allowances, upon the death of the owner. Offshore company ownership also facilitated the avoidance of stamp duty (SDLT), as any subsequent sale of the property could be affected by a transfer of the shares in the company, leaving the title to the property in the UK unaltered.
But all that is about to change. Offshore companies which own property worth over £2 million will now be faced with:
1. An annual charge of a minimum of £15,000 and a maximum of £140,000 depending on value. The new tax is called Annual Residential Property Tax (ARPT).
[/b]

Dis legislation isn't taxing UK citizens for properties abroad.. It is taxing OFFSHORE COMPANIES who own properties IN THE UK!!!! Na so English hard U?

Doerstech:
Legal interpretation needed for this....How does this come into effect? Is this another backdoor way to witch hurt political enemies of this lifeless administration?

That is how it’s done in developed countries,I don’t know why Nigerian youth are crying over a normal thing

aribs:
The amount of confident ignorance that gets put out on this forum is mind-boggling to say the least. the simplest research would have given context to this post but no... a government comes to enact policy that is sensible and people reply from a point of all emotion and no factual basis and with no empirical research done. Yet when the country is not developed the same people are wondering why and cursing out the leadership. Nigerians really deserve the leadership they have.

What is the sensibility is here to see?

My brother all of you have been bewitched by these fools....


NIGERIANS haven't seen anything yet.

They have planned to tax the hell out of Nigerians if Buhari wins a second tenure....

NIGERIANS will cry for help but their will be none....

Very obvious that a lot of Nigerian youths are not informed at all when it comes to overseas tax payment. So many countries are doing it. Did you know that all Indians working outside Indian also remit income tax to the Indian government? We just rant anyhow just to criticise PMB without thinking

thunderfirebuha:


Yorubas as ussual will support this idiot.

Why don't he tax cows and goats.

This man is a thief who only came to steal and kill.

you are a complete illiterate!!!

it's common sense that you tax the super rich (0.01%) and use the money to better the lives of the poor (99.99%)

get yourself educated


https://www.nytimes.com/2014/05/20/upshot/to-lift-the-poor-you-cant-avoid-taxing-the-rich.html

I don't know what to say to all those supporting dis govt with their spirit soul and body

aribs:
The amount of confident ignorance that gets put out on this forum is mind-boggling to say the least. the simplest research would have given context to this post but no... a government comes to enact policy that is sensible and people reply from a point of all emotion and no factual basis and with no empirical research done. Yet when the country is not developed the same people are wondering why and cursing out the leadership. Nigerians really deserve the leadership they have.

Another intellectually sound nairalander spotted. Thank you for schooling them.

aribs:
The amount of confident ignorance that gets put out on this forum is mind-boggling to say the least. the simplest research would have given context to this post but no... a government comes to enact policy that is sensible and people reply from a point of all emotion and no factual basis and with no empirical research done. Yet when the country is not developed the same people are wondering why and cursing out the leadership. Nigerians really deserve the leadership they have.

thank you sir. I'm shocked o

a man is trying to tax the rich so the government can have more money to take care of the poor and they are crying blue murder.


most of those crying haven't even been to seme border not to talk of owning a bicycle abroad

Jaideyone:
the law is targeted at getting money from Nigerians that are rich so the money can be used to repair roads and build public hospitals and schools that the poor and average people like you and I will benefit from more.

the law will only affect 0.1% of Nigerians!!! but the great majority will benefit from the funds it will generate for the government!!!


educate yourself

shut the Bleep up see your mouth like build road You think you’re talking to a fool? The one they’ve been collecting from us in mutiples, what have they done with it?

Jaideyone:
you are a complete illiterate!!!

it's common sense that you tax the super rich (0.01%) and use the money to better the lives of the poor (99.99%)

get yourself educated


https://www.nytimes.com/2014/05/20/upshot/to-lift-the-poor-you-cant-avoid-taxing-the-rich.html

YOu ARE JUST A CONFUSED FELLOW,that's all

Jaideyone:
see a lot of illiterates insulting buhari when it's obvious developed countries have similar laws


a simple Google search could have saved this multitude from embarrassing themselves.


btw 99.9999% of the people crying don't even own a pin abroad o


https://www.telegraph.co.uk/finance/personalfinance/expat-money/9760320/How-to-escape-the-offshore-property-tax-trap.html

https://international-adviser.com/surprise-dip-offshore-held-property-tax/


https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/tax-on-overseas-property-acq0f5m4vw5v

I have american friends who one property and busineses in Thailand and are still paying US taxes on those properties.

A lot of these guys on this forum haven't got a clue how civilized countries operate.

The likes of saraki and others who have been evading taxes for years will be shitting in their pants now.

jabolo:
Is the lack of comprehension displayed here a sign of the general malaise in our educational system, or political fingers in ears singing 'nanananana'?

If you are a Nigerian taxpayer, you are obliged to pay taxes on your worldwide income. That is a primary responsibility. If you've paid tax already on that income, you have bilateral or multilateral double taxation arrangements to provide set offs. Perfectly normal everywhere else except many African countries have not got round to it yet.

How the hell do you grow non-oil revenues when leakages as these are not plugged?

Adeosun's legacy is the army of smart young and motivated Nigerians prowling the corridors of the Ministry of Finance so its not Buhari cooking up some dastardly plot against political opponents.

If you prefer that comforting illusion, and get your daily anger vent from such regardless, ok, I see, carry on.

Does our various tax laws allow for this? Do we have provisions for expatriate or overseas property tax.

This won't work well for Nigerian businesses expanding abroad. Thereby cubing foreign earnings.