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FG Files Tax Evasion Charges against Binance - Politics (2) - Nairaland

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Re: FG Files Tax Evasion Charges against Binance by Easybet1(m): 11:31am On Mar 25
Ole
Re: FG Files Tax Evasion Charges against Binance by faceland: 11:34am On Mar 25
Chinjo2:
Which Binance executive, the one that has excaped or another one.

What was he even doing in Nigeria?

He didn't have to be here.
Hope he wasn't helping terrorist launder their ransom?
Re: FG Files Tax Evasion Charges against Binance by PARADIZEPRIEST: 11:36am On Mar 25
THEY SHOULD ACCELERATE THIS TRIAL AND DECLARE THE ESCAPEEE AS FUGITIVE WORLDWIDE AND HE CANT HIDE ANYWHWRE angry
Re: FG Files Tax Evasion Charges against Binance by Maximiliannnn: 11:38am On Mar 25
Re: FG Files Tax Evasion Charges against Binance by cosmy45: 11:40am On Mar 25
Naija government full of clowns
Re: FG Files Tax Evasion Charges against Binance by Procashtips(m): 11:49am On Mar 25
I'm embarrassed as a Nigerian

I thought Binance was the reason Naira went from ₦461 official rate before May 2023 to almost ₦1950 few weeks ago?

So tax evasion is the charge a whole Nigeria have against them?

Did tax evasion or whatever it is the reason Naira went from ₦461 to ₦1950 official rate?

Shameless ignorant leaders.

4 Likes

Re: FG Files Tax Evasion Charges against Binance by Izuchukwu70: 11:50am On Mar 25
ShoeGetSize:
These people and stupidity sha.

Binance, is a cryptocurrency exchange, not a bureau de change.

It doesn't have an official headquarters anywhere in the world. Instead, it is virtually headquartered at 23 Lime Tree Bay Avenue, George Town, Cayman Islands, and has 53 virtual office locations around the world. 

Binance operates as a decentralized organization that doesn't require a registered bank or postal address. For example, former Binance CEO Changpeng Zhao has compared Binance to Bitcoin, which also doesn't have a physical office. 

You will have to mention what aspect of your outdated Company Income Tax Act (CITA) allows the Federal Inland Revenue Service (FIRS) to collect tax on the virtual international trading of crypto currency pairs on a platform which is what Binance does.

They tried this nonsense with Twitter and failed, so they know that they are doomed to fail in this venture as well. At this point they're just engaging in optics to please their gullible followers.




So Crypto Exchanges don't pay taxes? 🙄
Re: FG Files Tax Evasion Charges against Binance by Inspirer1: 12:11pm On Mar 25
Mrchippychappy:
This is all what they really wanted.

Owo'da government.

Running around with their begging bowls asking for "my share"
They should just have reach an agreement with Binance and create a way to tax returns if that's what they wanted
Re: FG Files Tax Evasion Charges against Binance by wiseoneking: 12:19pm On Mar 25
helinues:
Toh

Binance can't come to Nigeria to manipulate our currency rate and think they would go scott free
And you shot your very eyes from your people in banking and political sector doing worst than that. That's the reason why no good thing comes out of this country. Always blaming external factor for your predicaments but blinded to see the wrath of the huge log of wood in your eyes, but the foreign specks. Continue!

1 Like

Re: FG Files Tax Evasion Charges against Binance by ShoeGetSize: 12:35pm On Mar 25
They will pay in the jurisdiction in which they were registered as a company.

Twitter was not registered under Nigeria's company laws, likewise Binance.

So it will be impossible for them to collect taxes on a company that is not registered under Nigeria's corporate laws.

Remember some weeks ago when they said that they had imposed a $10 billion fine on Binance, only for them to chicken out and deny it after the world started laughing at them?

Izuchukwu70:



So Crypto Exchanges don't pay taxes? 🙄
Re: FG Files Tax Evasion Charges against Binance by FreeStuffsNG: 12:39pm On Mar 25
Man102:


https://punchng.com/fg-files-tax-evasion-charges-against-binance/?amp

This one will be loud gan more than that of MTN fine of that year.
Good job. God bless Nigeria for ever!
Check my signature for free stuffs!

1 Like

Re: FG Files Tax Evasion Charges against Binance by lionshare: 1:03pm On Mar 25
ShoeGetSize:
These people and stupidity sha.

Binance, is a cryptocurrency exchange, not a bureau de change.

It doesn't have an official headquarters anywhere in the world. Instead, it is virtually headquartered at 23 Lime Tree Bay Avenue, George Town, Cayman Islands, and has 53 virtual office locations around the world. 

Binance operates as a decentralized organization that doesn't require a registered bank or postal address. For example, former Binance CEO Changpeng Zhao has compared Binance to Bitcoin, which also doesn't have a physical office. 

You will have to mention what aspect of your outdated Company Income Tax Act (CITA) allows the Federal Inland Revenue Service (FIRS) to collect tax on the virtual international trading of crypto currency pairs on a platform which is what Binance does.

They tried this nonsense with Twitter and failed, so they know that they are doomed to fail in this venture as well. At this point they're just engaging in optics to please their gullible followers.


Interesting but twitter does not have anything to do with the money of Nigerians does it?
Re: FG Files Tax Evasion Charges against Binance by ShoeGetSize: 1:06pm On Mar 25
When Baba Daura suspended Twitter, he gave a condition that they should have a physical office in Nigeria and pay taxes. Of course Twitter just ignored him.

lionshare:
Interesting but twitter does not have anything to do with the money of Nigerians does it?
Re: FG Files Tax Evasion Charges against Binance by seunmsg(m): 1:08pm On Mar 25
This is a welcome development.

2 Likes

Re: FG Files Tax Evasion Charges against Binance by abbyyzino(m): 1:32pm On Mar 25
ShoeGetSize:
These people and stupidity sha.

Binance, is a cryptocurrency exchange, not a bureau de change.

It doesn't have an official headquarters anywhere in the world. Instead, it is virtually headquartered at 23 Lime Tree Bay Avenue, George Town, Cayman Islands, and has 53 virtual office locations around the world. 

Binance operates as a decentralized organization that doesn't require a registered bank or postal address. For example, former Binance CEO Changpeng Zhao has compared Binance to Bitcoin, which also doesn't have a physical office. 

You will have to mention what aspect of your outdated Company Income Tax Act (CITA) allows the Federal Inland Revenue Service (FIRS) to collect tax on the virtual international trading of crypto currency pairs on a platform which is what Binance does.

They tried this nonsense with Twitter and failed, so they know that they are doomed to fail in this venture as well. At this point they're just engaging in optics to please their gullible followers.


You are very dumb saying because they have virtual offices they shouldn’t pay tax. Are you educated at all?

1 Like

Re: FG Files Tax Evasion Charges against Binance by abbyyzino(m): 1:34pm On Mar 25
lionshare:
Interesting but twitter does not have anything to do with the money of Nigerians does it?
So you believe twitter is not paying tax to Nigerian government, how dumb can you be lil man

1 Like

Re: FG Files Tax Evasion Charges against Binance by fabian063: 2:32pm On Mar 25
helinues:
Toh

Binance can't come to Nigeria to manipulate our currency rate and think they would go scott free
lol, so with all your intelligence, u think binance is responsible for the devaluation of Naira
Re: FG Files Tax Evasion Charges against Binance by Sapasenator: 3:08pm On Mar 25
Most Nigerian companies evade taxes. Even Tinubu himself mus have evaded taxes for a long time
Re: FG Files Tax Evasion Charges against Binance by Smithwilliams826: 3:09pm On Mar 25
Abeg I no understand no be registered companies/organization dey pay tax for naija? Someone pls explain.

Re: FG Files Tax Evasion Charges against Binance by Nteogwuija(m): 4:27pm On Mar 25
helinues:
Toh

Binance can't come to Nigeria to manipulate our currency rate and think they would go scott free

Manipulate your currency rate. Are you guys these d@ft? They're not the ones who place buy and sell orders on Nigerian P2P. There are other countries using P2P on Binance.
Re: FG Files Tax Evasion Charges against Binance by bigiyaro(m): 4:50pm On Mar 25
helinues:
Toh

Binance can't come to Nigeria to manipulate our currency rate and think they would go scott free
when the white men came to capture slaves, is it not the same black men that were helping to catch their fellow black brothers as slaves?

1 Like

Re: FG Files Tax Evasion Charges against Binance by ShoeGetSize: 7:39pm On Mar 25
Go and shed your ebi npa mi tears for your criminal drug lord in Aso Rock.

I don't have any time to waste on subhumans

abbyyzino:

You are very dumb saying because they have virtual offices they shouldn’t pay tax. Are you educated at all?
Re: FG Files Tax Evasion Charges against Binance by nedekid: 7:45pm On Mar 25
Do they have assets in Nigeria that can be used to settle any court judgement? I doubt. In that case, this is all cruise.
Infact if I were them, I wount bother sending any representation.
Re: FG Files Tax Evasion Charges against Binance by abbyyzino(m): 8:46pm On Mar 25
ShoeGetSize:
Go and shed your ebi npa mi tears for your criminal drug lord in Aso Rock.

I don't have any time to waste on subhumans

Lmao look at this “I never chop” shading me lol. Drop your account let me dash you some thousands
Re: FG Files Tax Evasion Charges against Binance by ShoeGetSize: 11:48pm On Mar 25
Wasiu Fatai or whatever your worthless name is, keep your money for yourself. God knows you need it more than I do. All this audio flexing on top something your entire family does not have😂😂

abbyyzino:

Lmao look at this “I never chop” shading me lol. Drop your account let me dash you some thousands
Re: FG Files Tax Evasion Charges against Binance by abbyyzino(m): 8:52am On Mar 26
ShoeGetSize:

Wasiu Fatai or whatever your worthless name is, keep your money for yourself. God knows you need it more than I do. All this audio flexing on top something your entire family does not have😂😂

Lmao…it’s 3:50am my time, I know you can’t relate. Suffer head 😂😂
Re: FG Files Tax Evasion Charges against Binance by ShoeGetSize: 10:26am On Mar 26
Wasiu Fatai aren't you ashamed yourself? You mean you are taking breaks in the middle of your toilet cleaning shift in Winnipeg, Canada to share your ignorance on a public platform?😂😂😂
Tell me something Wasiu, do Canadians laugh at your tribal marks?


abbyyzino:

Lmao…it’s 3:50am my time, I know you can’t relate. Suffer head 😂😂
Re: FG Files Tax Evasion Charges against Binance by abbyyzino(m): 10:33am On Mar 26
ShoeGetSize:
Wasiu Fatai aren't you ashamed yourself? You mean you are taking breaks in the middle of your toilet cleaning shift in Winnipeg, Canada to share your ignorance on a public platform?😂😂😂
Tell me something Wasiu, do Canadians laugh at your tribal marks?


Hahaha…A whole senior cloud security architect at one of the biggest investment banks in Wall Street, Manhattan. This guy no rate me sha 😂😂😂. Nah insomnia still make me dey reply you

2 Likes

Re: FG Files Tax Evasion Charges against Binance by ShoeGetSize: 10:42am On Mar 26
Congratulations! Thank you for proving you can read the job titles written on the doors of the offices and cubicles you clean on a daily basis.
I hope you know that identity theft is a crime even in a cesspit like New York. Or will they let you of the hook because you're a migrant cleaner?

abbyyzino:

Hahaha…A whole senior cloud security architect at one of the biggest investment banks in Wall Street, Manhattan. This guy no rate me sha 😂😂😂. Nah insomnia still make me dey reply you
Re: FG Files Tax Evasion Charges against Binance by abbyyzino(m): 10:54am On Mar 26
ShoeGetSize:
Congratulations! Thank you for proving you can read the job titles written on the doors of the offices and cubicles you clean on a daily basis.
I hope you know that identity theft is a crime even in a cesspit like New York. Or will they let you of the hook because you're a migrant cleaner?

Only if you are half as educated as I am…an immigrant with two Masters and a PhD in view. Keep fooling yourself. Like I said, what led to this back and forth shows how unintelligent you are. A company operating and making profits in a country shouldn’t pay tax because they don’t have physical office…how dumb can someone be.

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