Stats: 3,169,779 members, 7,875,932 topics. Date: Sunday, 30 June 2024 at 03:04 AM |
Nairaland Forum / Nairaland / General / Politics / FG To Tax Netflix, Facebook, Twitter, Others (40931 Views)
Nigeria Makes N2tn Taxes From Google, Netflix, Facebook And Other Foreign Tech G / From ‘Civil War Tweet’ To Tax Talks — Timeline How FG, Twitter Negotiation Ended / Senate Proposes Law To Tax Nigerians For Using Data And DSTV (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply) (Go Down)
Re: FG To Tax Netflix, Facebook, Twitter, Others by Nobody: 5:49pm On Jun 07, 2020 |
Omooba77: Geolocation. They can tell where you are located using a combination of ip address and GPS. The ads someone in Lagos sees can be different from the ones seen in Abuja 8 Likes |
Re: FG To Tax Netflix, Facebook, Twitter, Others by Icebreeze(m): 5:50pm On Jun 07, 2020 |
Nigeria FG gives us, the people, nothing. No free internet covers, no established ICT hubs around the country, no steady power supplies to sustain home-based and office-resident Nigerian tech businesses(even the free electricity promised during the covid-19 lockdown, they failed to deliver). No national programme on tech skills acquisition (most techs get their trainings online). No support from the Nigerian FG to encourage these tech companies to expand their influence around the country and grow their computer technology capacities by training more computer enthusiasts in new skills. Is it when we get to the breaking point that they will realise that the country is doomed. Like you can't go on comparing what you see in a well develop country and come back here (Stagnant country) thinking � you can just implement what you see over there in here just like that without building it up. Cause if you're to charge those companies you have to be considerate of the customers too. Cause without the customers there won't be such companies. 1 Like |
Re: FG To Tax Netflix, Facebook, Twitter, Others by Nobody: 5:51pm On Jun 07, 2020 |
Openbusiness: Well, if Netflix, Google, et al are paying taxes in the US and the EU, why should Nigeria be exempt? 4 Likes |
Re: FG To Tax Netflix, Facebook, Twitter, Others by Nobody: 5:51pm On Jun 07, 2020 |
Omooba77:stop disgracing yourself 4 Likes |
Re: FG To Tax Netflix, Facebook, Twitter, Others by bskyb(m): 5:51pm On Jun 07, 2020 |
seunmsg: The problem is that the tax laws are being made and implemented by APC and PMB. Some people will never view their strategies objectively. Never!!! 2 Likes |
Re: FG To Tax Netflix, Facebook, Twitter, Others by Nobody: 5:52pm On Jun 07, 2020 |
Omooba77: Yes. You surrender your personal data for them to target ads at you |
Re: FG To Tax Netflix, Facebook, Twitter, Others by FarahAideed: 5:53pm On Jun 07, 2020 |
yinchar: Every other country with responsible govt |
Re: FG To Tax Netflix, Facebook, Twitter, Others by lanchy: 5:54pm On Jun 07, 2020 |
Nigeria, a country of fools, run by idiots! Until you learn to say NO......and Enough is enough, will these idiots continue to exploit you!! The first alarm bell was petrol subsidy - Till now no refinery, so you continue to pay excess amounts for cheap gasoline at inflated prices. The man who made the milk and sold it for 1k is now buying butter at 5k, and refuses to learn how to make butter from milk. Secondly, they expect you to pay world prices for mediocre service, how can you compare the prices for fuel in Nigeria to other developed countries where fuel duty is adequately used to make good roads!!?? Which is non-existent in Nigeria. The truth is this, you Nigerian cowards will bend and bend and bend till you will break and then the bloodletting will be worse than Liberia!! 5 Likes 1 Share |
Re: FG To Tax Netflix, Facebook, Twitter, Others by sabi159(m): 5:54pm On Jun 07, 2020 |
Just here to read comment ![]() 1 Like |
Re: FG To Tax Netflix, Facebook, Twitter, Others by Baawaa(m): 5:55pm On Jun 07, 2020 |
They will also TAX nairaland ![]() ![]() ![]() |
Re: FG To Tax Netflix, Facebook, Twitter, Others by bskyb(m): 5:55pm On Jun 07, 2020 |
Olominira: Someone even said that Facebook doesn't make much from Nigeria. How? What exactly is wrong with us? With this, some people may carry placards to protest why foreign companies that make money from Nigeria should pay taxes to us. 2 Likes |
Re: FG To Tax Netflix, Facebook, Twitter, Others by SeverusSnape(m): 5:56pm On Jun 07, 2020 |
Kyase:Anyone who speaks up against bubu the mumu dullard is igbo. Zombie mentality. ![]() 1 Like |
Re: FG To Tax Netflix, Facebook, Twitter, Others by apexx270: 5:57pm On Jun 07, 2020 |
1 Like |
Re: FG To Tax Netflix, Facebook, Twitter, Others by mikebabs101: 5:57pm On Jun 07, 2020 |
FG is finally mad |
Re: FG To Tax Netflix, Facebook, Twitter, Others by Openbusiness: 5:57pm On Jun 07, 2020 |
kikero:Mr man, you should be even grateful that they have included Nigeria in their coverage. I was trying to do something online recently, "ordinary" African countries like angola, kenya etc were included, but Nigeria was blocked. If these guys pull out, it is your useless country that will drown back to the stone age of NTA media and radio Nigeria broadcasting ![]() 1 Like 1 Share |
Re: FG To Tax Netflix, Facebook, Twitter, Others by africandollar: 5:57pm On Jun 07, 2020 |
TAx |
Re: FG To Tax Netflix, Facebook, Twitter, Others by zabuur: 5:57pm On Jun 07, 2020 |
SeverusSnape: What should they do? Please advice |
Re: FG To Tax Netflix, Facebook, Twitter, Others by Taiwojon(m): 5:58pm On Jun 07, 2020 |
Re: FG To Tax Netflix, Facebook, Twitter, Others by africandollar: 5:58pm On Jun 07, 2020 |
Openbusiness: While I understand your point we should also not throw the baby out with the bath water, if they included Nigeria in their covergae it wasn't because they are that charitable, odds are they are raking in good profit from Nigeria a country where people don't joke with Entertainment (ask yourself why some blockbusters have been opening in Nigeria for some time now?), if they are being taxed in other countries then they should be taxed in Nigeria also else they can keep their business elsewhere but believe me they wouldn't because all profit na still profit. 2 Likes |
Re: FG To Tax Netflix, Facebook, Twitter, Others by t2luv1: 5:59pm On Jun 07, 2020 |
Kriss216: No air will still be free because it is polluted. Once they find a way to make it clean trust me they will tax you. |
Re: FG To Tax Netflix, Facebook, Twitter, Others by Nobody: 5:59pm On Jun 07, 2020 |
Omooba77: they are not paying tax. they don't even seek clearance before operating in Nigeria. companies like Facebook only pay taxes where they are domiciled not where their goods are consumed. that is why many countries are upgrading their tax rules so they can get something from these digital companies. 3 Likes |
Re: FG To Tax Netflix, Facebook, Twitter, Others by udemzyudex(m): 6:01pm On Jun 07, 2020 |
Omooba77: Pls stop embarrassing yourself ![]() 2 Likes |
Re: FG To Tax Netflix, Facebook, Twitter, Others by Drizzy5001(m): 6:01pm On Jun 07, 2020 |
This one no concern me
|
Re: FG To Tax Netflix, Facebook, Twitter, Others by Venerable612(m): 6:01pm On Jun 07, 2020 |
Omooba77: Omooba77: Let me help you. 1. Only foreign companies offering digital services, with Significant Economic Presence, will be taxed; and 2. The foreign company MUST earn more than 25 Million naira in Nigeria, IN NAIRA. It’s very simple brother. They will simply be taxed over the revenue generated in Nigeria, provided the threshold above is triggered. It doesn’t amount to double taxation, certainly not from the perspective of Nigeria - because as it were, they are making money off Nigerians without giving back. Now whether they pass on the costs to the consumer is a different issue for the Consumer Protection Agency. In developed societies, companies can’t arbitrarily increase prices of their services/products. Nigeria will get there someday - but the tax imposition is good for the country. Let me also make a final note. The reasons many of these MNCs rake in huge amount of Revenues is because they have big Tac Firms assisting them with Tax evasion and avoidance, by exploiting loopholes in Tax laws. You would see that there have been recent cases of Google and FB punished By the EU for tax evasion- in Ireland and I think France. Through Accounting principles such as Transfer Pricing - a Company can wire all its revenue to a tax haven country (like Cayman Islands) for the purposes of tax remittance - thereby avoiding the payment of taxes in countries where the revenues were made. My brother you would have to very knowledgeable in these things to understand that these MNCs are big rip offs! 4 Likes |
Re: FG To Tax Netflix, Facebook, Twitter, Others by justli: 6:02pm On Jun 07, 2020 |
I don't see any reason why Netflix and Facebook especially, shouldn't pay tax for all the money they cart away from Nigeria. But las las who the tax go help? Still to fatten the pocket of the rich |
Re: FG To Tax Netflix, Facebook, Twitter, Others by Nobody: 6:02pm On Jun 07, 2020 |
Openbusiness: even France came up same law recently. you can't be making money in Nigeria and be paying 0 tax 1 Like |
Re: FG To Tax Netflix, Facebook, Twitter, Others by t2luv1: 6:02pm On Jun 07, 2020 |
kingawothefirst: can't be done how are they going to monetized it. Revenue are generated when data is sold to a third party. I don't know of any third party in Nigeria that buys harvested data from any of these service providers hence no revenue is being generated locally. Therefore nothing to tax. |
Re: FG To Tax Netflix, Facebook, Twitter, Others by SpecialAdviser(m): 6:03pm On Jun 07, 2020 |
Not a bad idea if it is the owners of the platform that is taxed |
Re: FG To Tax Netflix, Facebook, Twitter, Others by sarmamotors: 6:03pm On Jun 07, 2020 |
FG is stylishly telling them bye bye... Don't u guys get it 1 Like |
Re: FG To Tax Netflix, Facebook, Twitter, Others by abdulworkforce(m): 6:04pm On Jun 07, 2020 |
People should understand that what government wants to tax is not individual data but the profit these companies make in Nigeria. 1 Like |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply)
Edo Speaker, Okiye, Six Others Formally Defect To PDP / Abdulkarim Chukkol - New Acting EFCC Chairman’s Profile / PDP Mocks Dolapo Osinbajo For Agatu Visit & Donating Only 8 Bags Of Rice
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 42 |