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Nairaland Forum / Nairaland / General / Business / Senate Increases Banks’ Windfall Levy To 70% (17329 Views)
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Senate Increases Banks’ Windfall Levy To 70% by nlfpmod: 4:27pm On Jul 24 |
The Nigerian Senate has passed a Bill seeking to amend the Finance Act, of 2023 to impose and charge a windfall levy on banks’ foreign exchange gains, but with an amendment from 50% to 70% as the levy charge. https://businessday.ng/news/article/senate-increases-windfall-tax-on-banks-to-70/ 4 Likes 1 Share
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Re: Senate Increases Banks’ Windfall Levy To 70% by mrjoeblinks: 4:29pm On Jul 24 |
Ehen? . The levy get breeze? 6 Likes |
Re: Senate Increases Banks’ Windfall Levy To 70% by OboOlora(f): 4:30pm On Jul 24 |
Akpabio will go down as the most useless Senate President in the history of Nigeria. So pompous and uncouth, almost playing the role of a President. Oloshi, oloko dogidogi oshi ![]() 75 Likes 5 Shares |
Re: Senate Increases Banks’ Windfall Levy To 70% by EyeCumInPeace: 4:30pm On Jul 24 |
Legacy of Tinubu the Tax Collector. 40 Likes 4 Shares |
Re: Senate Increases Banks’ Windfall Levy To 70% by adexbols: 4:30pm On Jul 24 |
Really ? |
Re: Senate Increases Banks’ Windfall Levy To 70% by tayo4ng(m): 4:31pm On Jul 24 |
Senate House of confusion 10 Likes |
Re: Senate Increases Banks’ Windfall Levy To 70% by condralbedez: 4:31pm On Jul 24 |
![]() Government of Tax increments in all parastatals without no dividends to show for it. 39 Likes 4 Shares |
Re: Senate Increases Banks’ Windfall Levy To 70% by Abyx1234(m): 4:31pm On Jul 24 |
Nawa o 1 Like |
Re: Senate Increases Banks’ Windfall Levy To 70% by tochman(m): 4:31pm On Jul 24 |
The sad news just keeps trickling in 19 Likes |
Re: Senate Increases Banks’ Windfall Levy To 70% by Qpetz: 4:31pm On Jul 24 |
Does the government ever reduces anything? 32 Likes 3 Shares |
Re: Senate Increases Banks’ Windfall Levy To 70% by igwedubai2(m): 4:32pm On Jul 24 |
OboOlora:hehehehehehehe I laughed in Swahili jare oooooo. Hmmm! Akwa ibom man oooooo 7 Likes 1 Share |
Re: Senate Increases Banks’ Windfall Levy To 70% by perfri(m): 4:32pm On Jul 24 |
This is too high, this government is just looking for ways to fund its 6.2 trillion naira additional budget. 26 Likes 1 Share |
Re: Senate Increases Banks’ Windfall Levy To 70% by treesun: 4:32pm On Jul 24 |
nlfpmod: 70%, why not 100%. Government of taxation and Tinubulation. Job loss loading! 16 Likes 1 Share |
Re: Senate Increases Banks’ Windfall Levy To 70% by vexing(m): 4:32pm On Jul 24 |
Third to comment |
Re: Senate Increases Banks’ Windfall Levy To 70% by BreconHills(m): 4:33pm On Jul 24 |
Good move. Banks don't lend to SME's- let them pay the levy. Uk and European countries did same to energy companies. 15 Likes 2 Shares |
Re: Senate Increases Banks’ Windfall Levy To 70% by Flame333: 4:33pm On Jul 24 |
Rather than seeking to create an enabling environment for manufacturers to strive, you are busy squeezing happiness from the service sector which later be transferred to the poor masses.. Whether this guys in power studied Mortuary attendant, I have no idea because their acclaimed certification needs to be reviewed. They just wan kill everybody just to prove they are working. 19 Likes 2 Shares |
Re: Senate Increases Banks’ Windfall Levy To 70% by Obviouslyblunt: 4:33pm On Jul 24 |
And banks charge the already poor citizens more. It’s just more TAX. 13 Likes 3 Shares |
Re: Senate Increases Banks’ Windfall Levy To 70% by Artscollection: 4:33pm On Jul 24 |
They just want to steal n steal 9 Likes 2 Shares |
Re: Senate Increases Banks’ Windfall Levy To 70% by michlins(m): 4:35pm On Jul 24 |
Any government coming after Tinubu go enjoy plenty money. All these taxes will be painful and Tinubu will be blamed for them. But you see the insane amount of revenue accrued from them, subsequent governments will enjoy them 12 Likes 2 Shares |
Re: Senate Increases Banks’ Windfall Levy To 70% by DirtyGold: 4:35pm On Jul 24 |
Everybody dey collect ...including the high and mighty ![]() ![]() The bank cartel that are squeezing the economy and posting steady profits in billions YoY (including during lockdown when the economy was not producing anything) should be thoroughly shaken up so that they can begin to perform the real role of banks in the economy which is lending to the real sector and driving growth rather than lazily raking in easy "opportunistic" money. In other words, you cannot stand for gain only! When things are hard in the system, you must all make sacrifices (in Kanayo's voice) ![]() ![]() What's tha business? 14 Likes 1 Share |
Re: Senate Increases Banks’ Windfall Levy To 70% by atobs4real(m): 4:35pm On Jul 24 |
Tax tax tax... Too much problems. The federal government is still looking for what is not lost 15 Likes 1 Share |
Re: Senate Increases Banks’ Windfall Levy To 70% by TheAlchemist: 4:35pm On Jul 24 |
No more mouth watering dividend for shareholders. 3 Likes |
Re: Senate Increases Banks’ Windfall Levy To 70% by sevo(m): 4:36pm On Jul 24 |
how this man take enter this seat needs to be studied... how can one person be so inept and useless at the same damn time 14 Likes 1 Share |
Re: Senate Increases Banks’ Windfall Levy To 70% by 234GT(m): 4:37pm On Jul 24 |
Everybody dey collect wotowoto for Tinubu hand. 5 Likes |
Re: Senate Increases Banks’ Windfall Levy To 70% by SlayQueenSlayer(m): 4:37pm On Jul 24 |
OboOlora: If only he had intelligence to compliment those traits... 2 Likes |
Re: Senate Increases Banks’ Windfall Levy To 70% by Yankee101: 4:38pm On Jul 24 |
Tinubu is taxing everything and creating nothing much Nigeria is not Lagos Taxation is not the solution, you lack creativity and innovation 9 Likes 1 Share |
Re: Senate Increases Banks’ Windfall Levy To 70% by perfri(m): 4:38pm On Jul 24 |
lol, you are very funny. we are currently at 110 billion dollars in debt, with oil revenues declining significantly and this is what you ahve to say. you dont seem to have any atom of financial intelligence michlins: 13 Likes 1 Share |
Re: Senate Increases Banks’ Windfall Levy To 70% by lekonso: 4:38pm On Jul 24 |
treesun: |
Re: Senate Increases Banks’ Windfall Levy To 70% by FreeStuffsNG: 4:39pm On Jul 24 |
The Senate is perfectly in order. The money doesn't belong to the banks!! It's money created by the CBN's unification of the forex in both official and parallel markets. May God bless Nigeria for ever! Check my signature for free stuffs! 6 Likes 1 Share |
Re: Senate Increases Banks’ Windfall Levy To 70% by Promismike(m): 4:39pm On Jul 24 |
While busness are being stifled by this APC government policies. They keep on coming up with anti people and busness policies. Does this men have an atom of humanity and compassion in them. ![]() ![]() ![]() 9 Likes |
Re: Senate Increases Banks’ Windfall Levy To 70% by Okechinwadike: 4:40pm On Jul 24 |
thank God we are in it together, including agbadorians 8 Likes |
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