Jaideyone:
you are crying but you've never even been to seme border

Felixv:


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.

Jaideyone:
did you say 13t he borrowed so far? lol Omo ale oniro

FarahAideed:


Buharist and their shallowness..when I used to be driven around in Nigerian consulate Mercedes around London you still dey village .

milemimi93:


One step at a time.

Rome wasn't built in a day.

We will arrest Atiku and his likes in due time..

iammo:


35% in exchange for what? A sick presidents medical tourism or Yusuf's racing bike fund

FarahAideed:


Yes Buhari has borrowed over 13 trillion by my records

Jaideyone:
yes and buhari borrowed your brain too

Jaideyone:
you are the complete illiterate!!!


I repeat, the law is meant to take money from the rich and better the lives of the poor. I bet you don't even own a pen abroad and you are crying.

something is wrong with your brain

SternProphet:


I don't think the tax on salary income will be appreciable. I would be surprised if it tops 10%. For mortgaged property, there are many deductibles. I don't expect 35%.
The tax is targeting loot not hard earned income. Every advanced country has it. Some Nigerians will give up their passport because of th8s and some would prefer to stay here instead of paying double taxes. This is a very very good measure

Jaideyone:
why not go through all before you start making a fool of your education

FarahAideed:


Buharist and their shallowness..when I used to be driven around in Nigerian consulate Mercedes around London you still dey village .

Nbote:


Lolzzz ... What happened to dis particular link? U have realised ur folly or U also need me to help U breakdown d other ones in a language u can easily understand abi

bettercreature:
This is why most of you guys are not employable! Is this not the same thing they are doing successfully In developed world or what are you people saying here?

FarahAideed:


Do you understand the executive order at all ? Buhari is is saying he wants to a one off tax of 35 percent of the value of the Asset owned offshore and not the revenue generated in it ?

My questions ?

Is the govt targeting Asset acquired with income earned from Nigeria ?

Is it targeting Assets acquired from income made offshore ?

The whole executive order reeks of verbosity and it's clearly a witch hunt in the offing

He also said that according to the order, “any taxpayer who truthfully and voluntarily complies with the conditions of the scheme, pays a one-time levy of 35 percent on the total offshore assets or pays all outstanding taxes, penalties and interest after forensic audit of their offshore assets and income shall obtain immunity from prosecution for tax offenses and offences related to offshore assets, among others.

“Equally, failure of any defaulting taxpayer to take advantage of this scheme shall, at the expiration of the scheme result in investigation and enforcement procedures concerning offshore assets anywhere in the world pursuant to information now readily available through automatic exchange of information between Nigeria and foreign countries.”

He said in accordance with the new order, the federal government, through the office of the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, will set up a VOARS in Switzerland for all categories of taxpayers who have defaulted in the declaration of their offshore assets, payment of taxes due and collectible subject to the fulfillment of the terms and conditions as stipulated in the order, or any other subsequent complementary regulations that follow.

To avoid the abuse of this process, he said, the federal government makes clear that the “scheme is open to all persons, entities, and their intermediaries holding offshore assets and are in default of their tax obligations in any way, including those who are not already under investigation by law enforcement agencies in Nigeria or any other country and have not been charged with any crimes including theft of public funds or obtaining offshore assets through corrupt practices.”

In signing the order, Mr Shehu said Mr Buhari noted that under Nigerian law, every citizen has the duty to declare his or her income and assets and pay taxes on them but regretted that this, in most instances, had not been the case.

“The sad reality is that efforts to recover these taxes from defaulters through litigation are often frustrated by the complications caused by the change in the character and nature of such assets, insufficient financial intelligence, long delays in courts, among several other reasons,” the presidential aide said.

Jaideyone:
the write up says they will pay 35% of what they are meant to pay if they declare and pay voluntarily before the deadline. the tax rate itself is not up to 35%

illiterate

you are just come and start crying with no knowledge

Nbote:


So far U have only proven one thing.. And dat is how dumb U are.. U not only have a problem with reading but ur comprehension skill is embarassing... Ur second link talks about offshore companies paying taxes on their properties IN THE UK while ur last link talks about various scenarios a citizen who owns properties both in d UK and abroad can b taxed for it.. Mayb U think everyone else doesn't read or know how to.. Here's an excerpt from ur last link as well

"Don't get taxed twice on foreign property income
Normally, the foreign tax authorities will also charge tax on your letting profits.
But you won’t pay twice – the overseas tax paid is usually deducted from the UK tax that is due."

Felixv:


There is also property tax - this is common in the US and it has nothing do with whether it is a commerical properly or not.

If you own a property abroad you should pay a property tax to your country of origin

The NASS would never pass such legislation because most of their members would be affected.

I think we should take emotion away from our responses and be more civil or else this forum would only attract unserious people.

Jaideyone:
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!!!

Buterflyle0:


You are clearly beyond daft.

These questions you asked here are already answered in the OP and you just couldn't see it..

Even your dumb question about why he didn't pass through the legislative is also captured there.

Do you think the same legislative who own much of these same properties abroad and who are the chief defaulters would want to pass this?

He had to bypass them to get this done for the good of the nation and all you can do as usual as pretend to be blind.

Read the part of the OP that should concern you below and which answers your rather dumb questions.




Its no more business as usual in Nigeria for anybody most especially he rich who impoverished the poor. Now you must give back to those you impoverished in order to get rich.

All over the world the Rich are taxed for the sake of the poor and they are taxed much more too.

Read and understand you wailers lack the ability to

Rayton:

You and your pay masters are Foolish.... So without that we can't have any development in Nigeria? Get out

SternProphet:


So how come you are lying about what you know to be a good policy. Same as in the UK and US. A policy that most African countries will copy to stop funds outflows.
One of the characteristics of being exposed is mind development and ability to discipline emotions, see truth and say it even if it hurts.

Jaideyone:
prof one of the link says when you own a property abroad and it generates money and you bring the money into the country you get taxed

Jaideyone:
bros their matter tire me o

the hilarious part of this is that some of them are in federal poly oko and they don't even own a pin abroad

yet they are crying

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?

lexy2014:

what have u guys been doing since all these years? its now that he has won primaries that APC knows he stole money.

Nbote:


So it is now one of d link and no longer all of dem lol... Go back and read dat link all over again even though U are obviously having a tough tym understanding it... Income tax and property tax are 2 different things. I would have loved to actually still break down dat one for U to grasp but I've lost my patience and have other things to do online...

Buterflyle0:


You are clearly beyond daft.

These questions you asked here are already answered in the OP and you just couldn't see it..

Even your dumb question about why he didn't pass through the legislative is also captured there.

Do you think the same legislative who own much of these same properties abroad and who are the chief defaulters would want to pass this?

He had to bypass them to get this done for the good of the nation and all you can do as usual is pretend to be blind.

Read the part of the OP that should concern you below and which answers your rather dumb questions.




Its no more business as usual in Nigeria for anybody most especially the rich who impoverished the poor. Now you must give back to those you impoverished in order to get rich.

All over the world the Rich are taxed for the sake of the poor and they are taxed much more too.

Read and understand you wailers lack the ability to