sunnyb0b0:


The reason is that taxing the informal economy is difficult as everybody will avoid tax given the opportunity to.

Let me shock you a bit, do you think the huge IGR of Lagos is generated from taxes on companies? Go check the make up of the IGR for Lagos state and get back to me then we can discuss further.

Ohaneze: Igbos own most of the companies in Lagos

Sunnybobo: Most of the tax rates in Lagos are derived from companies.

Logic: But why do Igbos record low taxes?

Sunnybobo: Igbos have low tax rates because it is difficult to tax the informal sector and Igbos are largely in the informal sector.


You all can see why I said they should lockdown the entire SE and conduct mental tests on all Igbos.

This woman should be asked to resign , what kind of finance minister doesn't understand the way VAT works ? This is a huge gaffe

Sunnyja:
I did the supervision of the job you are currently seeing . why the port suddenly went dead is what I have not been able to understand till date.

Some otondo will swear it is Yoruba jazz that inflicted generational curse on it!!

Umu chineke wey ekwensu dey do overtime for their matter. May shuku okuko punish every idiot wey no want these ingrates to have their biabia republic!

totit:


Why wait to verify when you can quickly do that now, if you have anything to prove, indeed?

Data Analysis is not a bottle of beer ogbeni ...

BroZuma:


Data Analysis is not a bottle of beer ogbeni ...

You are wanted by julius agwe I swear
You be comedian abeg

kn23h:


You're not a Yoruba. Awon romance section omo ales claiming Yoruba.

Smh
Because I am not sounding naive and stupidd ?

Wow you just classified all yorubas based on your mental level

That's an afront to all omoluabi's world wide

Please go and sit down

Oga080666419419:


do you think it was generated with lazy yoouths crowding all betting centers in Oyo and Ogun States.

Lagos is a no man's land.

call lagos what ever u like the truth is that is not osu land u can see now the whole south east states where they said they buld the whole world can not produce 1% rivers state even came out in south south, kano in the north, lagos in the west, i feel bad for south east rather u complain about lagos staying in lagos or working in lagos can never make u indizen of lagos or westerner. in every developed countries or towns in world stranger always contribute to the development is not a new thing.

It's seems like the minister nobody on the thread even knows what VAT is ,how it's work and why it is huge gaffe for the finance minister to say half of the VAT comes from Lagos .

totit:


You are wanted by julius agwe I swear
You be comedian abeg

Seriously bro, data from NBS nah die to clean up...but anyways I've stopped buying Madam Kemi's data market.

Tell me which Ibo company can match this Yoruba business

Yele Okeremi, CEO Precise Financial Sys.

Soon enough, Yele left a promising career — not to mention an official Peugeot 505 STI — to start Precise Financial Systems (PFS), a multi-million dollar software development company that serves clients (mostly banks) in over 34 countries across Africa.

Full article: techpoint.ng/2017/06/26/yele-okeremi-pfs-ceo/

Lakeside79:


Ogbeni learn to read and comprehend
I can't insult yorubas because I am full blooded Yoruba and proud of it , but I don't suffer f00

You won't be the first to deny your lineage here and you won't be the last.

Anikulhapo:


https://www.thecable.ng/adeosun-half-nigerias-vat-comes-lagos

Hmmm... where do I begin.

First off I'm getting sick of this tax-based propaganda; subtly and overtly telling Nigerians that non-compliance with tax is 'unpatriotic'. This is bullshit and it is worth considering a few things:

- First off there has been a long lasting historical issue of no data to ascertain the number of people (not companies) who are eligible to pay tax

- Secondly the data held by CAC (Corporate Affairs Commission) for companies is largely impotent due to inadequate enforcement of tax obligations. Unless the company is a large one with well-publicised headquarters, smaller profitable companies can successfully play "hide and seek" with the tax authorities. Even when they are cornered, the company can pay a nominal grease payment/bribe and the matter is settled

- For tax-compliant companies, getting tax clearance from the IRS is very problematic. Put simply you often have to pay bribes to be allowed to pay your tax (shocking I know and I'm speaking from experience)

- Another thing that Kemi & Co are forgetting is that usually tax bills, in theory, can be legally reduced by companies on the basis that this money is used for capitalisable expenditure, such as R& (research and design, innovations). This further complicates matters because if you shut off this loophole then it WILL adversely affect GDP. Reduction in GDP may lead to a recession and then the same politician 'masters' of propaganda will be crying for a different reason

Incidentally, politicians need to have a hard look at themselves. The fact that they're under no legal obligation at state-level to release financial accounts for state fiscal activity, and also that they can enter office without adequate CCT (code and conduct tribunal) checks, means that they can partially divert tax revenues and manipulate tax records. Furthermore, because CCT is not enforced, you can steal tax resources (among other revenues) and claim that they had this wealth prior to entering office. After all there's no way of proving otherwise beyond reasonable doubt.

In closing, these hypocritical politicians need to follow their own advice by implementing transparent regulations for their own accounting obligations, before they start pointing the finger at the regular man/woman. After all "charity starts home", so all of this "do as I say and not as I do" needs to stop if tax enforcement will be effective.

The inertia by politicians being fully transparent with their own tax revenues and state finances is more 'unpatriotic' than any civilian non-tax compliance.

CC. Zehner

sunnyb0b0:


The reason is that taxing the informal economy is difficult as everybody will avoid tax given the opportunity to.

Let me shock you a bit, do you think the huge IGR of Lagos is generated from taxes on companies? Go check the make up of the IGR for Lagos state and get back to me then we can discuss further.

And you insist its those your horde of gala, fanyogo and spare parts sellers in the informal economy that pay the VAT in Lagos?

The SE is obviously operating under a debilitating spiritual burden that makes its indigenes pay tax in Lagos but refuse to do same to better their OWN HOMELAND!!

5DMindset:


I didn't fool you, you are naturally foolish. You were born that way. Do not blame me.

thanks. now I know better. a leopard can not change its color.

Lakeside79:

Smh
Because I am not sounding naive and stupidd ?

Wow you just classified all yorubas based on your mental level

That's an afront to all omoluabi's world wide

Please go and sit down

You're sounding very very foolish.

If it's an anti-Yoruba thread where dem they shout skull-mining or afonja, you won't find these fools. They'll be cowering under the guest ID or following one hairy yam legs up and down the romance section.

Awon omo ale talika.

Chai! See madness everywhere. They are arguing about states that generates more to and vat instead of asking the useless minister what the generated tax and vat have been used for. Almost all the roads in the country are bad, no light no water, poor health care...I think Nigerians deserve the hardship they are going through.

BroZuma:


Seriously bro, data from NBS nah die to clean up...but anyways I've stopped buying Madam Kemi's data market.

Go check NBS data,she's actually correct. ..talking about IGR.

kn23h:



You're sounding very very foolish.

If it's an anti-Yoruba thread where dem they shout skull-mining or afonja, you won't find these fools. They'll be cowering under the guest ID or following one hairy yam legs up and down the romance section.

Awon omo ale talika.

Koni dafun iya e atI gbogbo ileyin

Akasri osi

Useless agbero

Anytime you see yorubas who stand against tribal hate u guys insult them

F00l

SalamRushdie:
This woman should be asked to resign , what kind of finance minister doesn't understand the way VAT works ? This is a huge gaffe

afonjas fought for her to be finance minister because dy hated d plaudits NOI was getting
now dy are shouting dy own commerce in nigeria but wen dy hear biafra dy start to panic cuz dy knw d truth.

Hhahahahaha
Flattiess are weeping uncontrollably!

Oga080666419419:


IGR my left nyash, there more beggars in Oyo State alone than the entire Eastern Region. How many people in Oyo and Ogun State can boast of disposable income and be able to repaint their mud houses even if they ignore their decayed dirty and diarrhea infested roofs.

Who IGR Epp, when the people boasting about it queue up to receive food aid from the government?

The thing pain u.

Lakeside79:


Koni dafun iya e atI gbogbo ileyin

Akasri osi

Useless agbero

Anytime you see yorubas who stand against tribal hate u guys insult them

F00l

Speaking Yoruba doesn't help your case nigga.

Yoruba is a universal Nigerian language.

Every di.ck and tom moves to the SW, so speaking Yoruba is one of the formalities.

Anytime you speak against tribalistic statements against Yorubas, we'll stop calling you omo ale.

Like I said before, your types na the ones wey dey run when they start insulting Yorubas. Because of one bowlegged yam legs you wan fu..ck for romance section, you sef go join flat heads to insult your people. Awom omo ale orishirishi ti iya won ko ko won.

kn23h:


Don't worry.

We're ready for Biafra. I can't wait for the day they become foreigners on Yoruba soil. We will help them dig up and move their 2x2 shop investments to the SE.

as in eh,, those guys no just get brain. They don't see the bigger picture to know the consequences of what they're doing. Smh

sunnyb0b0:


Many well to do Igbos live in Lagos. It'll be interesting to have this data based on state of origin.

so basically, ibos in SE are relatively poor because the rich ones are in Lagos? My question to you is; if ibos have that tendency to be rich, why are the ones at home relatively very poor going by all the stats?

Think about this, a lot of Brits moved to new land i.e. Australia, Canada, US etc, but UK did not become poor as a result. We know it's hard (ego), but just admit the truth sometimes.

allrightsir:


stupidity clearly does not know tribal border

You are busy listing successful yorubas, where is your own name there, are your children able to go the the same schools as these people's children?

Oponu!

watch this video and get some sense

Because NL made a leveled ground for miscreant like you to quote me. I'm not on your level trust me. I no dey boast.

awa:
This Finance Minister sounds so unintelligent to me... Why telling us instead of fixing the issue? Why are we paying her as Finance Minister.
Stop telling Nigerians and discuss it during your Weekly FEC meetings and explain to them why there is urgent need for Resources control....

How is she to 'fix' the issue? Some states are economically viable than others and last I checked, it was the job of state governors to fix the loopholes.

Sadly, resource control would be more favourable in some states than in others. The likes of Lagos, Ondo, Delta, Rivers, Akwa Ibom and Cross River would be the main winners while states with no tiny resources would be left to suffer. This was what Umahi mentioned the other day, sadly not many understood him.

Oga080666419419:


do you think it was generated with lazy yoouths crowding all betting centers in Oyo and Ogun States.

Lagos is a no man's land.

Just the way Aba and Onisha is a no man's land.

`

kn23h:


Speaking Yoruba doesn't help your case nigga.

Yoruba is a universal Nigerian language.

Every di.ck and tom moves to the SW, so speaking Yoruba is one of the formalities.

Anytime you speak against tribalistic statements against Yorubas, we'll stop calling you omo ale.

Like I said before, your types na the ones wey dey run when they start insulting Yorubas. Because of one bowlegged yam legs you wan fu..ck for romance section, you sef go join flat heads to insult your people. Awom omo ale orishirishi ti iya won ko ko won.

Like I said earlier you are a tout

I don't join issues with f00ls .. if f00ls decide to insult yorubas i practise the age old saying that goes the best response to a f00l is indeed silence

Now if you think my joining the bandwagon of nairaland touts to insult tribes makes me a man then sorry nigga I am a single father and I have a princess to raise to be a classy lady not a bread seller
I am educated and know the difference between being childish and downright stupidityy

I have insukted Ibis several times in my life and I have sat with touts like you to blame ibos for everything wrong in my life but what came of it?

Dude I am done being stupidd but if it's your thing then pls by all means go ahead

But do not expect me to join your delusional bandwagon

EvilMetahuman:
why is this "commerce“ not working in south east?


Why is south east competing with boko haram ravaged north east?

Please help me ask these global imaginary developers o