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Tax Bill: I Was Reading Foolishly Without Understanding A Thing - Sarki - Politics - Nairaland f41b

Tax Bill: I Was Reading Foolishly Without Understanding A Thing - Sarki (3142 Views)

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Heavens1stson: 2:56pm On Nov 30, 2024
Wallahi, I genuinely thought I had understood this tax reform bill. However, after listening to economic experts and their views on it, I realized I was just reading foolishly without comprehending a single thing.

President Bola Ahmed Tinubu is an enemy of the North.

Gaskiya, I can be very foolish at times. My comprehension level is at an all-time low. I need to take a break from twitter so I don’t end up ing foolish policies that could endanger millions of lives.

1 Share

Anither563: 2:57pm On Nov 30, 2024
He is making progress.

20 Likes

SadiqBabaSani: 2:59pm On Nov 30, 2024
Very unstable anywhere belle face guy Sarki

4 Likes

DomPerignon: 3:04pm On Nov 30, 2024
Tinubu is the enemy of the north because he wants to stop you lazy idiots from benefiting from the taxes and VAT revenue from other states in the South.

Zamfara gold is being mined by terrorists backed by powerful northern elements with not an ounce of that gold being paid into the federation or even being used to improve the lives of Zamfara citizens. Instead that same illegal gold mining is what is fueling the crisis in Zamfara that has spread across the entire NW.

40 Likes

DomPerignon: 3:07pm On Nov 30, 2024
Anither563:
He is making progress.

At least northerners are not being coy in denouncing the tax reform bill as not being favourable to them as it will end their dependency on taxes and VAT earnings from productive southern states.

Why are you in the SE opposed to it?

Let's heae your take on this bill in question.

And please don't mention your petty traders. Those ones fall under the gray sector and not the organised sector where all that sweet vat and tax revenue comes from. Your petty traders are not subject to state FIRS but rather only pay levies to local governments.

14 Likes

Frigga13: 3:17pm On Nov 30, 2024
Nagode!

You wake on time …

Yoruba don use you spread propaganda already

2 Likes 1 Share

DomPerignon: 3:23pm On Nov 30, 2024
Frigga13:
Nagode!

You wake on time …

Yoruba don use you spread propaganda already

Your fellow aboki welfare case is opposed to the bill because it ends the dependency of taking tax revenue generated from productive southern states and given it to them and your useless SE .

I have been warning about you ibos and how you will align with the north to prevent restructuring.


Thank God you are all now proving me right.

14 Likes

Frigga13: 3:26pm On Nov 30, 2024
DomPerignon:


Your fellow aboki welfare case is opposed to the bill because it ends the dependency of taking tax revenue generated from productive southern states and given it to them and your useless SE .

I have been warning about you ibos and how you will align with the north to prevent restructuring.


Thank God you are all now proving me right.


Be coherent next time …

Not gibberish

Next!

10 Likes

Frigga13: 3:28pm On Nov 30, 2024
DomPerignon:


At least northerners are not being coy in denouncing the tax reform bill as not being favourable to them as it will end their dependency on taxes and VAT earnings from productive southern states.

Why are you in the SE oppose to it?

Let's here your take on this bill in question.

Why should the southeast giv you Yoruba an explanation

This people think so highly of themselves


You wait old

Think and believe anything you wish as a Yoruba being you are

No one cares

7 Likes

DomPerignon: 3:32pm On Nov 30, 2024
Frigga13:


Why should the southeast giv you Yoruba an explanation

This people think so highly of themselves


You wait old

Think and believe anything you wish as a Yoruba being you are

No one cares

I am not Yoruba .

But what I know which is what I have been posting here for years, is that you in the SE are the greatest existential threat to the south.

Come clean and tell us that the bill will make you parasites more poorer .

A situation where Imo contributes only #325million as VAT but gets over #34bn as its share through the current sharing formula will of course be staunchly protected by you in the SE.

At least , northerners are not ashamed to cry that the parasitic sharing formula if ended will leave them bankrupt.

0koro like you are all jumping around the issue without coming out straight to defend your parasitic life line.

16 Likes 1 Share

Throwback: 3:48pm On Nov 30, 2024
His problem is that he is indeed a foolish tribalist.

The job of the President is to do what is good for the country, not what is good for the North of the country.

18 Likes

Frigga13: 4:02pm On Nov 30, 2024
DomPerignon:


I am not Yoruba .

But what I know which is what I have been posting here for years, is that you in the SE are the greatest existential threat to the south.

Come clean and tell us that the bill will make you parasites more poorer .

A situation where Imo contributes only #325million as VAT but gets over #34bn as its share through the current sharing formula will of course be staunchly protected by you in the SE.

At least , northerners are not ashamed to cry that the parasitic sharing formula if ended will leave them bankrupt.

0koro like you are all jumping around the issue without coming out straight to defend your parasitic life line.


Yoruba people are now denying their identity

This is the latest new in Nigeria

Walahi fa.. Tinubu really shamed his tribe


Tueh..

9 Likes

DomPerignon: 4:05pm On Nov 30, 2024
Frigga13:


Yoruba people are now denying their identity

This is the latest new in Nigeria

Walahi fa.. Tinubu really shamed his tribe


Tueh..

See this 0suegbe.

Why should I claim what I am not?

You think everybody is like you 0sus that will deny your own shadows and claim other tribes online?

Answer my question and tell us why you parasites are opposed to the pending tax bill that will ensure that
50% of taxes and vat generated in a state remain in that state.

17 Likes 1 Share

Frigga13: 4:10pm On Nov 30, 2024
DomPerignon:


See this 0suegbe.

Why should I claim what I am not?

You think everybody is like you 0sus that will deny your own shadows and claim other tribes online?

Answer my question and tell us why you parasites are opposed to the pending tax bill that will ensure that
50% of taxes and vat generated in a state remain in that state.


Norma Yoruba rant

Next!

6 Likes

DomPerignon: 4:20pm On Nov 30, 2024
Frigga13:


Norma Yoruba rant

Next!

You no get talk.

You are here trying to play identity politics but when it's turned on you , you will be crying tribalism.

Osuegbe

16 Likes

Amumaigwe: 4:27pm On Nov 30, 2024
DomPerignon:


Your fellow aboki welfare case is opposed to the bill because it ends the dependency of taking tax revenue generated from productive southern states and given it to them and your useless SE .

I have been warning about you ibos and how you will align with the north to prevent restructuring.


Thank God you are all now proving me right.

Even your saviour Tinubu has abandoned restructuring.

5 Likes

DomPerignon: 4:32pm On Nov 30, 2024
Amumaigwe:


Even your saviour Tinubu has abandoned restructuring.

Another imbe 0su s the thread.

The tax reform bill is calling for states to keep taxes generated within their states instead of having it shared to you in the unproductive poverty yeast.

16 Likes 1 Share

BlackfireX: 5:48pm On Nov 30, 2024
Ab.ookii.iii don drop quote


grin


Mu-Mu tickets dealing with them seriously
LastGiantAlive: 6:04pm On Nov 30, 2024
DomPerignon:


See this 0suegbe.

Why should I claim what I am not?

You think everybody is like you 0sus that will deny your own shadows and claim other tribes online?

Answer my question and tell us why you parasites are opposed to the pending tax bill that will ensure that
50% of taxes and vat generated in a state remain in that state.


Why are you yoruba muslim against the dissolution of Nigeria so that the totality of the 700 billion dollars generated in ekiti will remain in ekiti?

4 Likes

helinues: 6:10pm On Nov 30, 2024
Sarki, you need to be calming down

14 Likes

helinues: 6:11pm On Nov 30, 2024
DomPerignon:


See this 0suegbe.

Why should I claim what I am not?

You think everybody is like you 0sus that will deny your own shadows and claim other tribes online?

Answer my question and tell us why you parasites are opposed to the pending tax bill that will ensure that
50% of taxes and vat generated in a state remain in that state.


I will bend if that guy or his colleagues answer your question.

They are not interested in any logical discussion apart from tantrums

17 Likes

ednut1(m): 6:50pm On Nov 30, 2024
This is what happens when illiterates become popular

15 Likes

Brenbentondiaz: 7:00pm On Nov 30, 2024
Frigga13:


Why should the southeast giv you Yoruba an explanation

This people think so highly of themselves


You wait old

Think and believe anything you wish as a Yoruba being you are

No one cares

The pain is real.
Ringstonermasks: 7:10pm On Nov 30, 2024
SadiqBabaSani:
Very unstable anywhere belle face guy Sarki
u are a Yoruba Muslim
Ringstonermasks: 7:11pm On Nov 30, 2024
DomPerignon:
Tinubu is the enemy of the north because he wants to stop you lazy idiots from benefiting from the taxes and VAT revenue from other states in the South.

Zamfara gold is being mined by terrorists backed by powerful northern elements with not an ounce of that gold being paid into the federation or even being used to improve the lives of Zamfara citizens. Instead that same illegal gold mining is what is fueling the crisis in Zamfara that has spread across the entire NW.

how is the bill stopping dem from benefiting from d South?

Pls elaborate
Basic123: 7:13pm On Nov 30, 2024
LastGiantAlive:


Why are you yoruba muslim against the dissolution of Nigeria so that the totality of the 700 billion dollars generated in ekiti will remain in ekiti?
Mention one yoruba Muslim that fought against you during the Civil war


You Igbo and stupid claims!

3 Likes 1 Share

DomPerignon: 7:20pm On Nov 30, 2024
Ringstonermasks:
how is the bill stopping dem from benefiting from d South?

Pls elaborate

The bill is meant to reform the current tax and vat law to enable states keep 50% of what they generate .

Currently , the sharing formula considers population and landmass in distributing tax revenue .

For example, the SE got 900% of what they generated. Imo state generated only #325mil for the year ending 2023 but got #34bn from the federal purse. This represents an over 1,000% returns to Imo state.

The north is being openly honest that they will all go bankrupt if the reforms scale through but the yeast that even for some odd reason gets a much higher return are l spreading lies on why they oppose the bill citing that the bill specifically targets their petty traders that are scattered everywhere and who are considered outside the organised sector.

Note that Lagos, Rivers, Ogun, Oyo and Delta contributed the highest amount to the tax revenue base and all that money was gotten from the organised sector.

Instead for these ibos to be sincere like the north and tell us that if the bill scales through their parasitic states will go bankrupt, they are allover social media spreading lies on what the bill intends to achieve which is true fiscal autonomy and responsibility to states.

6 Likes 2 Shares

alanto: 7:24pm On Nov 30, 2024
DomPerignon:


See this 0suegbe.

Why should I claim what I am not?

You think everybody is like you 0sus that will deny your own shadows and claim other tribes online?

Answer my question and tell us why you parasites are opposed to the pending tax bill that will ensure that
50% of taxes and vat generated in a state remain in that state.

3 DomPerignon for you.

6 Likes 1 Share

tommy589(m): 8:09pm On Nov 30, 2024
alanto:

3 DomPerignon for you.

2 Likes

Ringstonermasks: 8:14pm On Nov 30, 2024
DomPerignon:


The bill is meant to reform the current tax and vat law to enable states keep 50% of what they generate .

Currently , the sharing formula considers population and landmass in distributing tax revenue .

For example, the SE got 900% of what they generated. Imo state generated only #325mil for the year ending 2023 but got #34bn from the federal purse. This represents an over 1,000% returns to Imo state.

The north is being openly honest that they will all go bankrupt if the reforms scale through but the yeast that even for some odd reason gets a much higher return are l spreading lies on why they oppose the bill citing that the bill specifically targets their petty traders that are scattered everywhere and who are considered outside the organised sector.

Note that Lagos, Rivers, Ogun, Oyo and Delta contributed the highest amount to the tax revenue base and all that money was gotten from the organised sector.

Instead for these ibos to be sincere like the north and tell us that if the bill scales through their parasitic states will go bankrupt, they are allover social media spreading lies on what the bill intends to achieve which is true fiscal autonomy and responsibility to states.

that's not what i know abt the bill.

We are talking about the bill to tax those earning above 1million naira. It seems u are mistaking trend.

1 Like

DomPerignon: 8:15pm On Nov 30, 2024
alanto:

3 DomPerignon for you.

1 Like

DomPerignon: 8:21pm On Nov 30, 2024
Ringstonermasks:
that's not what i know abt the bill.

We are talking about the bill to tax those earning above 1million naira. It seems u are mistaking trend.
The increase in tax rate is for those earning above #100,000,000 annually set at 25%.


Do you fall under this category ?
I believe the answer is a no.

Secondly the bill scraps taxing anyone earning below #1,000,000 annually.

But that's not why the north is crying.

The north will care less if you even tax people down south earning less than #100,000 annually at 60% rate.

This is because the existing sharing formula benefits the north and the yeast who have next to zero tax base and rely on other productive and proactive tax base states.

Even at the same sharing formula , the north and yeast won't complain if the tax rate is doubled because that will translate to double their share from the current sharing formula.

Do you now understand why both the north and yeast are against the reforms ?

8 Likes 1 Share

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