Timi1990:


Other countries that you’re using as examples have well planned social and welfare infrastructure for all their citizens; Nigeria doesn’t have any

So what are you saying then,was this how the planned their social n welfare infrastructures for their citizens?, well you people can continue n help make buhari's exits easier.

positivethought:
other countries collect taxes on properties own by offshore companies in their countries n not on properties own by the citizens in foreign countries, you are the type of people wrongly advising the dullard n cheering him on to his foolish political demised.

You are wrong! STOP misleading others.

Many countries do collect taxes on assets own by their citizens (individuals) in foreign countries.
America is one, ireland is another and many, many more.
Always read before you criticize because you might just be espousing IGNORANCE.

Rooy57:


Actually I had to quote you on this point. The man is not wrong if you must know. There is what we called "Income from abroad" while calculating National income in economics. It is sometimes refers to as GNP and it does not lead to double taxation or violate tax law. Please read up, we are all learning

Dont mind them, they wont read yet they would be speaking authoritatively, out of ignorance.

Even to use free Google dey hard them.
And even when you reference it for them to read, comprehension is another matter entirely.

Nigeria is phucked, with the calibre of Youths (the future of the Nation) we are breeding. Our educational system has failed our Youths
All they are good at is dancing shakushaku and other meaningless music, playing betting games and breeding like rats.

sokera:
I swear Nigeria youths are disgraceful, how can a country with a large unemployment rate be angry at a policy that would eventually discourage Nigerians from investment abroad ... Buhari they hate you so much that they can’t even see anything positive from all you have done ... Anyway Sowore is my president

u are a dafttttt person..Very watery personality u must possess.. I doubt ur sanity...U don't knock a child and still ask the child not to cry.....Discourage them from investing abroad..??.Guy gerraout from cyberspace before ogun use ur blood learn swimming Olympics..so they should come invest in corruption,backwardness in barbaric manner ofcourse.,kidnappings,ridiculous light tarriffs that is not provided though,no good roads no government security...In a quick wrap we Nigerians provide everything even ordinary pipeborne water that is ur fundamental human right to av from infantry same is access to health care until u turn 18....Don't say diz type of nonsense again in public u will only be inviting reproach and disgusts to ursef..

Daboomb:


You are wrong! STOP misleading others.

Many countries do collect taxes on assets own by their citizens (individuals) in foreign countries.
America is one, ireland is another and many, many more.
Always read before you criticize because you might just be espousing IGNORANCE.

Some body in defense of buhari over this executive order gave a google link but searches there by another person showed what I said as I also read the legislation of the UK he reproduced from the google search, now pls can you show the authority that supports your claims.

Daboomb:


You are wrong! STOP misleading others.

Many countries do collect taxes on assets own by their citizens (individuals) in foreign countries.
America is one, ireland is another and many, many more.
Always read before you criticize because you might just be espousing IGNORANCE.

There are too many financial illiterates on NL, I swear.
Read book, dem no go read

Now as someone who is directly affected by these new international laws in three different jurisdictions, I am somewhat troubled.
But even I know that the Nigerian Government has only consented to what is now regarded as a 'Common Reporting Standard' (CRS).

...49 jurisdictions began collecting data from 2016, making the first exchange in September 2017. Another 53, including Switzerland, Hong Kong, Singapore, United Arab Emirates, Australia, Canada, Panama and many Caribbean jurisdictions, began collecting data last year, ready to share it by the end of this September.

This automatic information exchange will be repeated every year going forward.

Albania, Maldives, Nigeria and Peru are undertaking first exchanges by 2019/20, and another 43 developing countries are in the pipeline.

Information being exchanged

The information being shared about the financial assets you own outside your country of residence includes your name and address, country of tax residence and tax identification number.

The information to be reported about your accounts includes the investment income you earned over the year (interest, dividends, income from certain insurance contracts, annuities etc.), account balances and gross proceeds from the sale of financial assets.

Reporting financial institutions include banks, custodians, certain investment entities, certain insurance companies, trusts and foundations.

Source: https://www.blevinsfranks.com/news/article/exchange-of-information-requirement-to-correct

Common Reporting Standard

The Common Reporting Standard (CRS) is an information standard for the automatic exchange of information (AEOI) regarding bank accounts on a global level, between tax authorities, which the Organisation for Economic Co-operation and Development (OECD) developed in 2014.

Its purpose is to combat tax evasion. The idea was based on the US Foreign Account Tax Compliance Act (FATCA) implementation agreements and its legal basis is the Convention on Mutual Administrative Assistance in Tax Matters. 97 countries had signed an agreement to implement it, with more countries intending to sign later. First reporting occurred in 2017, with many of the rest starting in 2018.

The European Union adopted the CRS on 1 January 2016 after amending the part on administrative cooperation re taxation. First reporting was planned for September 2017.

As of June 2017, the following countries committed to start reporting in 2017:

Anguilla, Argentina, Barbados, Belgium, Bermuda, British Virgin Islands, Bulgaria, Cayman Islands, Colombia, Croatia, Curaçao, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Greenland, Guernsey, Hungary, Iceland, India, Ireland, Isle of Man, Italy, Jersey, Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Montserrat, Netherlands, Niue, Norway, Poland, Portugal, Romania, San Marino, Seychelles, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Trinidad and Tobago, Turks and Caicos Islands, United Kingdom[16]

Starting to report in 2018:

Albania, Andorra, Antigua and Barbuda, Aruba, Australia, Austria, The Bahamas, Bahrain, Belize, Brazil, Brunei Darussalam, Canada, Chile, China, Cook Islands, Costa Rica, Dominica, Ghana, Grenada, Hong Kong (China), Indonesia, Israel, Japan, Kuwait, Lebanon, Marshall Islands, Macao (China), Malaysia, Mauritius, Monaco, Nauru, New Zealand, Pakistan, Panama, Qatar, Russia, Saint Kitts and Nevis, Samoa, Saint Lucia, Saint Vincent and the Grenadines, Saudi Arabia, Singapore, Sint Maarten, Switzerland, Turkey, United Arab Emirates, Uruguay, Vanuatu[16]

Source: https://en.wikipedia.org/wiki/Global_Forum_on_Transparency_and_Exchange_of_Information_for_Tax_Purposes

Daboomb:


Dont mind them, they wont read yet they would be speaking authoritatively, out of ignorance.

Even to use free Google dey hard them.
And even when you reference it for them to read, comprehension is another matter entirely.

Nigeria is phucked, with the calibre of Youths (the future of the Nation) we are breeding. Our educational system has failed our Youths
All they are good at is dancing shakushaku and other meaningless music, playing betting games and breeding like rats.

don't blame the pot cooking the chicken instead of the knife that killed it...


You might be right....But right doesn't apply to all...In diz case it's wrong and out of place to do.. I'm not gonna quote or reply u or anyone else regarding diz poo again..Av read all comments here as usual it's easy to ascertain the minds of Nigerians here easily..



By the way i suggest u stop reading too many books now and try to visit 3 other African countries not gonna recommend across the Mediterranean or Atlantic for u...Ur Education can tell u is wasteful that ur book already told u soon enough the government will get it right and ur pastors has assured u with prayers and offerings god will soon answer u...I used god because the real God has done his best for u as a Nation!

This is a good scheme if it is without intentions to persecute the political opponents.But my question is do Nigeria have sufficient intelligence gathering team to track all properties owned by Ngerians abroad?Again,would foreign agencies be willing to furnish Nigeria with all the details required?

`

Livefreeordieha:
don't blame the pot cooking the chicken instead of the knife that killed it...


You might be right....But right doesn't apply to all...In diz case it's wrong and out of place to do.. I'm not gonna quote or reply u or anyone else regarding diz poo again..Av read all comments here as usual it's easy to ascertain the minds of Nigerians here easily..



By the way[b] i suggest u stop reading too many books now and try to visit 3 other African countries not gonna recommend across the Mediterranean or Atlantic for u[/b]...Ur Education can tell u is wasteful that ur book already told u soon enough the government will get it right and ur pastors has assured u with prayers and offerings god will soon answer u...I used god because the real God has done his best for u as a Nation!

You cant even write coherently!?
Just read the gibberish you wrote up there..... cant make any sense out of it.

positivethought:
Some body in defense of buhari over this executive order gave a google link but searches there by another person showed what I said as I also read the legislation of the UK he reproduced from the google search, now pls can you show the authority that supports your claims.

I find the below, informative, especially the Chart.

**https://en.wikipedia.org/wiki/International_taxation**

I am trying to avoid the ban of spambot here.

This one explains their own in more details

**https://www.irishtimes.com/business/personal-finance/if-you-have-any-assets-overseas-you-need-to-read-this-1.3056747**


This here is also very informative but summarised:

**http://premieroffshore.com/which-countries-tax-worldwide-income/**

This one gives practical exmples, especially for the ignorant lots here who have been crying foul.

**https://taxfoundation.org/how-countries-define-their-income-tax-borders-0/**

The good thing is that One can renounce one's nationality while retaining the foreign/acquired nationality, as a lot of Americans are doing (wait times for Renounciation is as long as one year in U.S foreign embassies!) if you feel your country is taxing you too much and you are not getting any benefit from it.


Cunning-man die, Cunning-man bury him!

israelmao:
This is a good scheme if it is without intentions to persecute the political opponents.But my question is do Nigeria have sufficient intelligence gathering team to track all properties owned by Ngerians abroad?Again,would foreign agencies be willing to furnish Nigeria with all the details required?

Foreign agencies are already furnishing Nigeria with information. Think about Mr '22 properties' spread across the US, the UK, and the UAE.

How will the information be used since an account balance does not necessarily mean taxable income?

True, not all the money held in a foreign account by a Nigerian resident is liable to tax in Nigeria. The information will however help the tax
authorities to ask important questions. For example if the FIRS receives information that the balance in your bank account in Singapore
grew from zero to $2million in a certain year, but $0.5million in Nigeria, they would want to know:
where the money in that account came from, if it is from income that should be taxed in Nigeria, and whether you have paid the tax that is due.
Ultimately, the information will help the tax authorities figure out if there might be taxable income that has not been declared in Nigeria.

Source: https://www.pwc.com/ng/en/assets/pdf/the-common-reporting-standard.pdf

Ihateyoumod:


Ur insults mean nothing to me. Its clear I spoke the truth to u and reminded u of ur broke ass life so u do as expected throw insults and brag about how u wish ur life to be

Eeya, poor thing. You wish I was like you but unfortunately, God done win for my life. Focus on your frsc job hunt and pray they employ you to stand by the roadside to check for vehicles with expired tyres. But in case you do not make it, I'd be willing to employ you as a cleaner at home cos my current cleaner isn't doing the job too well. You can think about it and give it a try. I pay well though.

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

Is ur father one of the government officials in power...or u benefit from this government hugely??

All u just spewed up there is theory.. just like some idiot will be giving rubbish inflation figure improvement permonth saying the president is working..when the masses have no, light, no jobs, no food, no proper health care, no security
All the millions of barbells of oil, foreign loans and aids gotten and the taxes they generate internally, what have they done with it.??

They didn't see any other thing to copy in the US and UK aside a means of getting more money from the citizens only to steal further...you think people don't know the meaning of what this law is on paper.? Ofourse we understand.but we already know the end of it all..
That's ow they woke up about two years ago and started charging the whole masses stamp duty charge of 50naira on every deposit made, Same laws copied from developed nations at least these countries are taking care of their people.many of them don't have oil, they mainly feed on taxes of the people.
Let me ask you a question...if u give someone 1Million naira to perform a projects and he messes up...only to comeback saying if he can like 100k more he will do better...will u take the person serious?

So ur president can now give executive order, he now knows he has veto power, he knows he can bypass the senate to do some things....

u people that benefit from the government and cant speak the truth at the same time have no shame...may God forgive you.
And you open ur mouth saying a great majority will benefit from it...did u look around u before saying that

Livefreeordieha:
u are a dafttttt person..Very watery personality u must possess.. I doubt ur sanity...U don't knock a child and still ask the child not to cry.....Discourage them from investing abroad..??.Guy gerraout from cyberspace before ogun use ur blood learn swimming Olympics..so they should come invest in corruption,backwardness in barbaric manner ofcourse.,kidnappings,ridiculous light tarriffs that is not provided though,no good roads no government security...In a quick wrap we Nigerians provide everything even ordinary pipeborne water that is ur fundamental human right to av from infantry same is access to health care until u turn 18....Don't say diz type of nonsense again in public u will only be inviting reproach and disgusts to ursef..

Don't mind them...they are the people benefitting from this government...all the government knows how to do is copy the laws that will take more money from the people... They don't know how to copy the other good things from the nation that depend mostly on the tax of the citizens, nations that don't have oil, nations that take care of their people. They won't see any other thing to copy. Thats how they woke up in two years ago and used the same European law to start collecting 50naira stamp duty charge on every deposit.

positivethought:
other countries collect taxes on properties own by offshore companies in their countries n not on properties own by the citizens in foreign countries, you are the type of people wrongly advising the dullard n cheering him on to his foolish political demised.

LOL. I hope you can read about Paul Manafort and see some of the things he faced trial for!!!

1StopRudeness:


Is ur father one of the government officials in power...or u benefit from this government hugely??

All u just spewed up there is theory.. just like some idiot will be giving rubbish inflation figure improvement permonth saying the president is working..when the masses have no, light, no jobs, no food, no proper health care, no security
All the millions of barbells of oil, foreign loans and aids gotten and the taxes they generate internally, what have they done with it.??

They didn't see any other thing to copy in the US and UK aside a means of getting more money from the citizens only to steal further...you think people don't know the meaning of what this law is on paper.? Ofourse we understand.but we already know the end of it all..
That's ow they woke up about two years ago and started charging the whole masses stamp duty charge of 50naira on every deposit made, Same laws copied from developed nations at least these countries are taking care of their people.many of them don't have oil, they mainly feed on taxes of the people.
Let me ask you a question...if u give someone 1Million naira to perform a projects and he messes up...only to comeback saying if he can like 100k more he will do better...will u take the person serious?

So ur president can now give executive order, he now knows he has veto power, he knows he can bypass the senate to do some things....

u people that benefit from the government and cant speak the truth at the same time have no shame...may God forgive you.
And you open ur mouth saying a great majority will benefit from it...did u look around u before saying that

Our revenue(tax) to GDP ratio, at 6 percent, is one of the lowest on earth. Our oil revenue is not enough to run the country. Our annual budget is about the same as New York's. We currently have the highest number of people living in extreme poverty on earth.

If people pay more in taxes, they would demand more from their government. This is called a social contract. He who pays the piper dictates the tune.

Although coming very late, This is a very good policy. More tax policies need to be implemented. Nigeria must be managed on tax revenue and not revenue from natural resources.

This is common to a few countries actually with varying degrees of flexibility.

Multinationals based in the ND do pay taxes abroad to their local countries even after paying tax here.

This law significantly applies to people like Dangote and the few Nigerian companies with substantial income abroad who would otherwise have claimed large dividends and brought back into the country without paying a dime.

1StopRudeness:


Is ur father one of the government officials in power...or u benefit from this government hugely??

All u just spewed up there is theory.. just like some idiot will be giving rubbish inflation figure improvement permonth saying the president is working..when the masses have no, light, no jobs, no food, no proper health care, no security
All the millions of barbells of oil, foreign loans and aids gotten and the taxes they generate internally, what have they done with it.??

They didn't see any other thing to copy in the US and UK aside a means of getting more money from the citizens only to steal further...you think people don't know the meaning of what this law is on paper.? Ofourse we understand.but we already know the end of it all..
That's ow they woke up about two years ago and started charging the whole masses stamp duty charge of 50naira on every deposit made, Same laws copied from developed nations at least these countries are taking care of their people.many of them don't have oil, they mainly feed on taxes of the people.
Let me ask you a question...if u give someone 1Million naira to perform a projects and he messes up...only to comeback saying if he can like 100k more he will do better...will u take the person serious?

So ur president can now give executive order, he now knows he has veto power, he knows he can bypass the senate to do some things....

u people that benefit from the government and cant speak the truth at the same time have no shame...may God forgive you.
And you open ur mouth saying a great majority will benefit from it...did u look around u before saying that

you are just ranting and you foolishly brought my father into a political conversation.

you obviously lack respect and proper upbringing

have a wonderful day kid

Nigerian laws allow Nigerians to have multiple citizenship. So a British-Nigerian for example with assets in Britain is expected to pay 35% in taxes to Nigeria after paying taxes on same in the nation they reside? That doesn't make any sense at all. Watch people just thrash their Nigerian passports that not even worth anything anywhere else in the world.

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... If U cannot read and cannot understand, don't go about exposing how dumb U are... Here's wat d UK legislation says...
[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]

Which part of dis document says d UK taxes it's citizens for foreign properties abeg?? D document simply says d UK will now tax OFFSHORE COMAPNIES who own PROPERTIES IN THE UK!!!! not in their countries

Thank you ooooo. Before your intervention, I was wondering if many people have any brains at all on this forum. In fact, it is now clear to me that a lot of people on this forum are just tribal jingoistic and internet warriors (many of whom don’t bother voting on Election Day anyway).

It is one thing to have free data dashed you by your network for topping up 100naira. It is another thing to use that data to publicly expose your lack of intellect, exposure, tact or even commonsense. Unfortunately, that’s what a lot of these irredentists use Nairaland for - to spew forth their deep-seated bitterness and hatred.

This same law that the President signed into law is what many countries the world over have implemented in the aftermath of the offshore assets exposé especially the Fonseca Papers.

I read someone up-top here writing “Buhari is smoking weed for wanting to tax people who reside outside the country”. This person needs to take Commonsense Course 101 because the law clearly refers to all Nigerians who are TAX-RESIDENT in Nigeria. Tax residency dies not always mean where you physically live. If I spend a lot of time in Nigeria but I’m resident in Ghana for tax purposes, this does not apply to me.

However, even if I’m resident in Malaysia yet identify as tax-resident in Nigeria, this applies to me.

Why do some coconut heads always think that every law is targeted against those who pay their internet-ninja stipends. The level of shallowness and exposure if their deftness is shocking.

Thus law is very fantastic.

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... If U cannot read and cannot understand, don't go about exposing how dumb U are... Here's wat d UK legislation says...
[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]

Which part of dis document says d UK taxes it's citizens for foreign properties abeg?? D document simply says d UK will now tax OFFSHORE COMAPNIES who own PROPERTIES IN THE UK!!!! not in their countries

Walai. our government has lost it.

stchinedu:


Reading is one thing understanding is anoda thing... Im now certain U ppl have mucus in ur heads for brains... If U cannot read and cannot understand, don't go about exposing how dumb U are... Here's wat d UK legislation says...
[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]

Which part of dis document says d UK taxes it's citizens for foreign properties abeg?? D document simply says d UK will now tax OFFSHORE COMAPNIES who own PROPERTIES IN THE UK!!!! not in their countries

ori e lol gbale

were
https://www.goldinglawyers.com/foreign-real-estate-rental-income-2017-summary-review-guide/

trillville:


Our revenue(tax) to GDP ratio, at 6 percent, is one of the lowest on earth. Our oil revenue is not enough to run the country. Our annual budget is about the same as New York's. We currently have the highest number of people living in extreme poverty on earth.

If people pay more in taxes, they would demand more from their government. This is called a social contract. He who pays the piper dictates the tune.

Although coming very late, This is a very good policy. More tax policies need to be implemented. Nigeria must be managed on tax revenue and not revenue from natural resources.

You see ur life..we have the same annual budget with a country 5times our size in land mass and almost a population of 400million people...
Yet we are running a senate that's eating our money to the ground..senator deno melaye has more than 10cars worth nothing less than 90million naira each..and he flaunts it on our faces daily...that's just one of them.
China runs a temporary senate system that gathers only to make laws get paid for their sitting and dismissed to go back to their permanent jobs like every other citizen...
Ogaaaaaaaaaaaaaaaa!!! Extra tax collection is not our problem. alot of people aren't even employed to begin with, who do u want to tax, the rich people this law is targeted upon...please how many are they...
Can I ask u something..do u even know how much the FIRS generates on total tax yearly in this nation..?? Please go and find out add it to the oil revenue...deduct the budget..u will begin to cry for this nation...I've been privileged to see figures of tax of this nation as a financial institution staff....don't let me get started on how they move money every Friday and Wednesday..

BestDude:


You are silly... Since Buhari came into power, all his policies is almost how to extract money from any place possible. Even to make MTN transfer now, u have to pay N3 per transfer.

My friend get out of my sight. Iranu osi.

you are just ranting without making sense.

one of the key factors in a failed Government is the inability to tax effectively.

people and companies have been avoiding taxes for years before buhari cake in.

and to foolishly blame buhari for a charge introduced by MTN shows you need to go back to primary school and understand the company is a private business.


our taxes are not even high. all the Government is saying is pay your tax and companies have been avoiding taxes for years before 2015.

read and understand https://punchng.com/vaids-efcc-firs-begin-recovery-of-unpaid-taxes-from-july-1/

in the US and UK you go to jail if you don't pay your tax or you underpay.

you want Nigeria to develop but you don't want to pay tax. something is definitely wrong with your thinking faculty

Adiwana:


And where does the money go? My pocket,Our education system,infrastructures,Economy,Power??The taxes they collect in Nigeria alone goes where??And you think with new policy,Enough money is now available to turn Nigeria to heaven.You are such a clown

I'm not in the position to start educating you on what your taxes are used for. you should have learnt that in primary school.
it's not too late to go back though

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

Nobody is crying just that one can't just trust this government with their gara gara

JayMarx:


Stop embarrassing yourself, young man.
Which you and who? Count yourself in not me. The royalties that they get from oil companies, they've not used it to build schools for you that's "poor", you're talking about an unrealistic venture that would not work.
I repeat again. What is the rationale of paying a tax to Nigeria when your business or you don't have the protection or influence of your country?
So you mean I would pay 35% tax on money I made abroad because of what?
Remember this post. I say remember it! You would see everything crumble like a pack of card.

ok. keep ranting

so because the government is taxing oil companies all other forms of taxes should be suspended?

we'll uncle similar laws are in foreign countries. especially when the foreign property gives you income from time to time. clown

Jaideyone:
you are just ranting and you foolishly brought my father into a political conversation.

you obviously lack respect and proper upbringing

have a wonderful day kid

I never even insulted ur father or you, I only asked if u have someone in power and suggested a family member, clearly u getting upset and shying away from the questions and points I threw at u shows alot....I guess u are around 500years old, sorry sir for insulting you

This is a good initiative. Virtually all the offshore asset owners have not really contributed to the economy while they make billion of dollars through proxy means.

DonFreshmoney:
How clueless can a president be U can't collect tax on an offshore property u Dundee..

Make I join Atiku and tinubu laugh this lifeless individual

Hahahahahahaha
From Sai BaBa to Sai MaMa

EVILFOREST:

Hahahahahahaha
From Sai BaBa to Sai MaMa

Now self nai Sai pikin, or even Sai clueless