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Nairaland Forum / Nairaland / General / Politics / Nigerian Government May Increase VAT To Fund New Minimum Wage (24084 Views)
We’re Proposing Law To Increase VAT To 10% –presidential Tax C’mtee / Bola Tinubu Asks Osinbajo And FG Not To Increase VAT, Widen Tax Bracket Instead / You Can’t Increase VAT, Tinubu Tells FG (2) (3) (4)
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Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by dfrost: 7:34pm On Mar 19, 2019 |
Okay. |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Blue3k(m): 7:34pm On Mar 19, 2019 |
Now they're talking. This was the inevitable outcome. Governments get most of their money from taxes or borrowing. |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by AZeD1(m): 7:34pm On Mar 19, 2019 |
I am not surprised. A lot of reasonable people said the new minimum wage is unrealistic but Nigerians being emotional rather than logical would not listen. If VAT is increased, the workers would be poorer than they currently are even though they earn more. To increase the standard of living , we need to reduce costs(cost of food, housing, et al) which would increase the purchasing power of the common man without increasing the wage bill and we need to be more productive. Anything outside this two is going in circles. 5 Likes |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by worlexy(m): 7:34pm On Mar 19, 2019 |
ok |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by backnbeta(f): 7:35pm On Mar 19, 2019 |
Why is it so difficult for them to cut down their salaries and expensive lifestyles? 5 Likes |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by israelmao(m): 7:35pm On Mar 19, 2019 |
Giving with one hand and collecting with the other.Nigerian civil servants are 5.2m and you want both that are working in private sector and even the non-working population to pay VAT in order to fund new minimum wage.This government is deficit of ideas,clueless and suffering from INCONCLUSIVE mental development. 2 Likes |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by tempest01(m): 7:36pm On Mar 19, 2019 |
They should reduce cost of governance instead. 3 Likes |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by crazygod(m): 7:36pm On Mar 19, 2019 |
#Rat race. After a while when the price of commodities have increased, labour will seek amother increase in minimum wage. Running round in circles. 2 Likes |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by awa(m): 7:37pm On Mar 19, 2019 |
Welcome to the Next Level 2 Likes |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Nobody: 7:37pm On Mar 19, 2019 |
...the satanic next level loading.... The shithole is sitting on a keg of gunpowder! 1 Like |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Adekdammy: 7:42pm On Mar 19, 2019 |
Increase in vat means increase in goods and the consumers will be the ones to bear the excess, so govt is indirectly collecting the wage increase thru vat. To govt it's a win win To the masses status quo remains same 2 Likes |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by enemyofprogress: 7:44pm On Mar 19, 2019 |
divinehand2003:it is called next level jo 1 Like |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by sonnie10: 7:45pm On Mar 19, 2019 |
EVILFOREST:Give head take head |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Tywo2018: 7:45pm On Mar 19, 2019 |
Please how much is the current VAT See? |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by sharpsecret: 7:47pm On Mar 19, 2019 |
Amuocha:wats great?u reason like ur username..u are increasing a salary to mere 30,000naira,its nt even up to 100dollars and u hav to work 4 atleast 8-12hours per day for 30days to earn it..and u want to stylishly collect it from them by increasing VAT,amuocha hw did i find myself in d same country wit sm1 lyk u 2 Likes |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Nobody: 7:49pm On Mar 19, 2019 |
They are crazy. Let them slash those salaries of the pot-bellied men in government. That will do, and if it doesn't, allowances should be slashed as well. Their salaries and allowances are highly irrational. Many of the things they budget for are utterly ridiculous as well. Charity, they say, begins at home. P.S; I know i'll probably get banned for this but the truth must be said. 2 Likes |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Emma1Oj(m): 7:53pm On Mar 19, 2019 |
They will always heap all the problem back to the masses, they will never think of how to reduce their salary, wardrobe, sitting allowance, food and drink etc. 1 Like |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Kxngstein(m): 7:54pm On Mar 19, 2019 |
What if they leave the VAT the way it is and reduce the salaries and allowances of those senators and ministers? 1 Like |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by FlintGuevara(m): 7:56pm On Mar 19, 2019 |
post=76804463: Some fine propositions by you, but most of the proposals herein are utopian and impracticable. I will respond to just paragraph a of proposal number 3. First, you can't privatise all gov't parastatals. Let's take the Corporate Affairs Commission for example, who steps in to fill the vacuum created by a privatisation of the CAC? A private firm? How then do we balance the conflict of interest that's bound to arise in the event that your proposed privatisation is carried out? Again, who carries out the duties of parastatals like NERC, NAFDAC and other sector based regulators? How do you tackle the risk of conflict of interest associated with leaving such agencies at the hands of private corporate entities? A cursory look at my submissions would show that your argument on privatisation caves in upon itself at the slightest critical assessment. Oh... on a lighter note and for the sake of a little banter, shey na your Baba be President and your party dey majority for legislature, make you reach out to them see whether them go try implement your point on emoluments. 7 Likes 2 Shares |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Nobody: 7:57pm On Mar 19, 2019 |
Give with one hand, take with another. |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Meritocracy: 7:58pm On Mar 19, 2019 |
Instead of increasing VAT, introduce property tax to curb excessive/unnecessary property acquisition like having fifty unused cars in garage and having like fifty houses. Dino and Onoghen comes to mind 5 Likes |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Pavarottii(m): 7:59pm On Mar 19, 2019 |
demolinka:U r just shouting governors... Is it not money that the governors shares he will share? |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by sacramento1212: 7:59pm On Mar 19, 2019 |
Tywo2018: 5% 1 Like |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by MANNABBQGRILLS: 8:02pm On Mar 19, 2019 |
FlintGuevara:You have a good point here also bro. When we say 'all' we meant most of the parastatals, not all as in 100%. And the rest are very practicable, if we get the 'will' as a nation to do that. Lol at banters Concerning our Baba , we will be going to see him at Aso Rock prior the swearing-in ceremony in a couple of months from now, on special request. So we will definitely hint Daddy then, May God keep us all alive till then. Cheers! 2 Likes 2 Shares |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by sacramento1212: 8:04pm On Mar 19, 2019 |
Tomide007: Some companies won't transact with a personal account holder and in the case of collecting cheque in your company name, will you pay it into your personal account? Except you aren't doing corporate business but just regular trading then, I can understand. |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by EmekaBlue(m): 8:05pm On Mar 19, 2019 |
waka....i no dey work for ministry and govt no give me job...so una wan use my hustle dey pay them WAKA again 1 Like |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by ihedioramma: 8:06pm On Mar 19, 2019 |
RealityShot:That's the money they gave you on election, they want it back |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by GoodGodmykeeper(m): 8:07pm On Mar 19, 2019 |
Okay o CHECK MY SIGNATURE. |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Yankee101: 8:08pm On Mar 19, 2019 |
They never said that before elections 1 Like |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by Tomide007: 8:11pm On Mar 19, 2019 |
sacramento1212:Of course not all trade.....there is a way we'll go Arnd this.... Coporate account only when necessary.....company to company will be kept coporate...i do business to business and business to individuals.....hope am not talking to a firs official |
Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by SimonRose(m): 8:14pm On Mar 19, 2019 |
post=76804463:
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Re: Nigerian Government May Increase VAT To Fund New Minimum Wage by RealityShot: 8:14pm On Mar 19, 2019 |
ihedioramma:they didn't give me chewing gum talk more of money... It is time for Nigerians to say NO to this mindless Senate of ours! AND MAKE their TENURES limited! 1 Like |
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