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Why VAT And Taxes Don’t Define Development! - Politics (4) - Nairaland j28l

Why VAT And Taxes Don’t Define Development! (8264 Views)

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Karleb(m): 3:59pm On Jan 27
Everyone with brain except those who stay in alagbado knows taxes doesn't define development.

angry angry

3 Likes

peteofi(m): 3:59pm On Jan 27
If the economy is in terrible shape, no amount of VAT will work. Besides people will need to be productive to pay VAT, companies need to be up and doing for it to work.
PresidObi: 4:00pm On Jan 27
Ojuntana:

That's good for Ibadan
It means more revenue from tourists
I expect more people will migrate to Ibadan to sell gala and lacasera to the tourists coming to view the world heritage sites just like in Vienna, Austria
The gala should be checked for white substance and make sure it's not fake

See consolation for poverty. grin

2 Likes

Goke7: 4:00pm On Jan 27
going by this logic, why are folks against region restructuring and tax reforms?

is it fair that we tax some people more to feed those paying little taxes?

The write-up is crap!

2 Likes

History555: 4:00pm On Jan 27
Judolisco:
exactly why we are calling you guys parasites

Cry cry baby. You pay your tax, I keep my tax and still collect half of your tax. If it vex you, kpai ya self

6 Likes 1 Share

PresidObi: 4:01pm On Jan 27
Karleb:
Everyone with brain except those who stay in alagbado knows taxes doesn't define development.

angry angry

I still wonder why some of our neighbours are beating their dry chests over tax and ayjiaaaar grin

2 Likes 1 Share

PresidObi: 4:01pm On Jan 27
History555:


Cry cry baby. You pay your tax, I keep my tax and still collect half of your tax. If it vex you, kpai ya self

grin grin

1 Like

Ten06(m): 4:02pm On Jan 27
VAT, BAT and Taxes do not define development

1 Like

Iolo(m): 4:03pm On Jan 27
There is a fundamental flaw in the OP's analysis.

Tax havens are always countries with small populations - Singapore has 6million people, Luxembourg, UAE etc all have tiny populations.

Is there a country with 250 million+ mouths to feed that doesn't rely on VAT and/or Taxes?

Even the Singapore, quoted by the author has 30% of its tax revenues coming in from Company Income Tax (CIT). If there are no companies, how is income generated? Singapore generated $30billion in Company taxes in 2023 alone...that's significantly more than Nigeria makes with a much larger population.

The attitude towards tax needs to change...same way we must call for Government to use taxes more judiciously.

https://www.oecd.org/content/dam/oecd/en/topics/policy-sub-issues/global-tax-revenues/revenue-statistics-asia-and-pacific-singapore.pdf

1 Like

Ojuntana: 4:05pm On Jan 27
PresidObi:


See consolation for poverty. grin
Brown roof is not a sign of poverty
If it is, Enugu is also bedevilled with poverty

3 Likes

Karleb(m): 4:06pm On Jan 27
PresidObi:


I still wonder why some of our neighbours are beating their dry chests over tax and ayjiaaaar grin

Because they don't have sense.

Banana dey spoil, dem say he dey ripe.

2 Likes

Bullfallo(m): 4:13pm On Jan 27
Over tax dependent countries suffer high standards of living and inflation.

Over the years they lost manufacturing companies to south east Asia.

Look at adidas and nick they are manufacturing from 3rd world nations due to low cost and a competitive markets.

1 Like

Panda7(m): 4:14pm On Jan 27
If not for selfish reasons who would keep Nigeria with its current state together. Yoruba people want to constantly rub off the south south else the south south gains nothing being in Nigeria
emmnprince(m): 4:19pm On Jan 27
EasternActivist:
Op they know this, they just want to gaslight the southeast.

Upon all their high vat collected and generated it's expected that ibadan should purge it self of brown roofs retardation unlike what Is obtained in southeast.


The bolded is uncalled for
Whois(m): 4:27pm On Jan 27
The op is being economical with the truth. South East is far from developed

3 Likes

sulaak(m): 4:29pm On Jan 27
ariesbull:


The Igbo States: A Model for Growth Without Heavy Taxation

Now, let’s bring it back home to Nigeria. The Southeast, dominated by the Igbo people, is growing and developing quickly, even though the tax system there is not as aggressive as in other parts of the country. How is this happening?

1. The Igbo Hustle Spirit:
Igbos are naturally entrepreneurial. They don’t wait for the government to provide jobs or opportunities; they create their own. This spirit of hard work and innovation has made the Southeast one of the most economically active regions in Nigeria.

Mathew Ojo

Without tax and VAT, how can the government provide infrastructure and service

2 Likes

lexy2014: 4:36pm On Jan 27
ariesbull:
it is unfortunate...we should be expecting that SW should be decent , apart from.lagos the other are stuck in the 1970s

Is there any state or region in Nigeria that is descent?

1 Like

lexy2014: 4:38pm On Jan 27
Standing5:
It measures productivity.

How?
SeeWahala: 4:41pm On Jan 27
PresidObi:


I still wonder why some of our neighbours are beating their dry chests over tax and ayjiaaaar grin

I love this kiss

Please, always to stress, drag and emphasize the R in our sorry, their IGR grin
YouAreNobody: 4:43pm On Jan 27
GBTYO:


That's SS to complain and not you.

Besides when SS were doing their agitation for resource control your SE politicians sided with the north against their demands and at no time did SS ever call for your help in their agitation.

SS will be ok of we get 50% but we know that you ibos will align with same north you have been castigating to oppose true restructuring.


When this VAT and Tax reform thing started , I stated categorically why SE will oppose it and it was down to the fact that you earn far more than you contribute from federal handouts.

When Lagos and Rivers secured a t vat ruling to stop the FG from collecting VAT and successfully argued that it wa a responsibility of states to do so, your governors in the SE were all silent.


Now breeze don blow fowl yansh.

why you dey lie? When the SS politicians were agitating for respurce control, the SE senators were the only ones who staged a walk-out with the SS senators in the hollowed chamber.
I'm sure you're an agbado urchin, lying is in your blood

4 Likes 1 Share

ObosiLandlord(m): 4:43pm On Jan 27
PresidObi:


Are you crying yet? grin

Pay us more VAT jawe
I can't cry because of a parasite

1 Like

PHIPEX(m): 4:46pm On Jan 27
helinues:
They can never ever take responsibility. Just because the records indicated that a particular region VAT collection is the lowest, they ha e resorted to blaming game, goal post shifting.

A state with low VAT collection means that state is unproductive

These are the same people who claimed foreign investment is bullshit, now that the VAT collection have exposed their unproductivity, they want to be coming up with as usual flimsy excuse
See how you proudly display your low IQ. Are you aware "free trade zone" means no or very low tax? yet thats where many companies operate?

Thr East has plenty of informal business, eg " me and my sons ventures" and sole proprietors controlling millions and billions in turnover but low tax because of the structure.

It's different from a small company in a place like Lagos with 3 staff yet "Ltd" in registration and heavy tax.

Go to Alaba and computer village and find out how many are Ltd in registration

2 Likes 1 Share

Love800(m): 4:47pm On Jan 27
Apart from infrastructures, is it from the VAT money(tax) that government use to pay salary to government workers? I doubt this. I will go and do research about it.

Thanks for your comment on the thread though.
ObosiLandlord:
Without VAT, how will the government pay salary earner, pay pensioners and build infrastructure? The south east is the real parasite.

You parasite should be grateful for the VATs from the South West and oil money from the Niger Delta.
YouAreNobody: 4:47pm On Jan 27
helinues:


Go and ask for refunds from your teachers and lecturers. They scammed you all through.

Unproductive state will definitely generate low VAT. That should be logical

He schooled you with facts and figures and this is all you could churn out?

Pathetic you are
Love800(m): 4:54pm On Jan 27
But what is the difference if its consumption that is taxed and productivity is not?
Is the productivity and consuming not from the same business!
ariesbull:


It's so unfortunate that I will descend this low to engage you



VAT (Value Added Tax) is closely tied to consumption, not productivity.

This is because VAT is applied to goods and services at every stage of their journey—from production to the final sale—but the ultimate responsibility for paying it lies with the end consumer. It’s essentially a tax on what people buy, not on how much businesses or individuals produce.

While businesses play a role in collecting VAT, they’re not directly taxed on their productivity. Instead, they offset the VAT they’ve paid on their inputs (raw materials or services) against the VAT they collect on sales. This ensures that only the added value is taxed, making it fair and focused on consumption rather than production.

In simple , VAT is all about what we use and consume, not about how much we create.

Judolisco(m): 4:57pm On Jan 27
History555:


Cry cry baby. You pay your tax, I keep my tax and still collect half of your tax. If it vex you, kpai ya self
d only person crying here is you oga.... Na una new name bdat from now on... Parasites grin

2 Likes

Orch1981: 4:58pm On Jan 27
GBTYO:


How many Nigerians are crossing the Niger Bridge towards your side?


Go to ordinary Lokoja and see how wealth is just waiting for anyone with a fishing net to cast into the river Niger .

The average fisherman in Lokoja will quietly build his house and take care of his family unlike his counterpart from your SE who needs to go to Lagos to start life hawking gala.

Rather than see that Nigeria offers you the opportunity to thrive and has been spoonfeeding you ever since ,you are here castigating and biting the hands that feed you.

Just 3ys without being in Nigeria and you started dropping dead like flies.


Be very careful of what you wish for.

You mean the lokoja where I was born went primary and secondary school oga lokoja na complete backwardness make una easy dey hype people dey travel ooooo

5 Likes

YouAreNobody: 5:06pm On Jan 27
Guestmale:


I laugh at people that makes fun of brown roof in south west we have history and we can trace our root,most of this houses are Ancestral home built many years ago there are many new areas you can go and see mordern buildings.

Even in the much talked about develop countries they have ancestral home they are preserving for future generations to enable them know their root, not only that it has become tourists attractions that generate millions of money for them.

It's people that doesn't have root and history that will not have ancestral homes.

young man shattap abeg, just look at the useless excuse you're giving.
Afrowits: 5:08pm On Jan 27
helinues:
They can never ever take responsibility. Just because the records indicated that a particular region VAT collection is the lowest, they ha e resorted to blaming game, goal post shifting.

A state with low VAT collection means that state is unproductive

These are the same people who claimed foreign investment is bullshit, now that the VAT collection have exposed their unproductivity, they want to be coming up with as usual flimsy excuse



It is their usual way, just watch as they will start writing different articles and stories and all the bla bla bla up and down, but assuming the report favors them and the SW is the least, you will them insulting the SW and other regions. That is their usual way, you don't need to respond to some of their useless articles and write up.

1 Like

kayperry: 5:08pm On Jan 27
ariesbull:
it is unfortunate...we should be expecting that SW should be decent , apart from.lagos the other are stuck in the0 1970s



All these brain gymanstic just to save face, that VAT stats must have hit below the belt

How about you substantiate your arguement with development index ... lets see if east region the fastest developing region in Nigeria.

No people in right senses desert fast developing region, reverse is always the case

1 Like

franchasofficia: 5:14pm On Jan 27
GBTYO:
This is the inverted reasoning that plagues these people from the yeast.

Paraventure you are granted leave to go and form your Bifra with its contiguous five SE states, will you be saying this rubbish ?

Aside the huge VAT surplus you get that isn't generated from your state's, you also get federal funded projects and benefit from oil receipts from majorly SS states.

The north is the undisputed food basket not only in Nigeria but West and Central Africa.

Now imagine you are in your Biafra tax haven, how will you pay for food imports from northern Nigeria ?

Are you aware that agriculture which the north dominates contributes hugely to our GDP and sustainable growth sector ?


Be coping.
If the crude oil and natural gas found in Southeast alone is left for the people of Southeast, it will be more than enough to fund Biafra if properly managed by a responsible government.


Imo state is the 5th largest oil producing states despite the illegal and inhumane boundary adjustments by Obasanjo that took oil rich Imo communities and placed them in Rivers state, example is Egbema, etc.



You are free to tax yourselves to poverty to enrich your corrupt political elites who collect your tax and loot it for their personal use.



Tinubu is a taxmaster, he derives ecstacy from taxing poor people to feed his corrupt self not to develop the state, you guys can continue with his model, Southeast prefer to make it's region a tax haven cool

5 Likes

YouAreNobody: 5:15pm On Jan 27
Whois:
The op is being economical with the truth. South East is far from developed

lolzzzz..see mumu. This is the nonsense you guys keep telling yourselves. Aside Lagos, which other state in the SW can be compared to the states in the SE in development? Is it Ondo state? abi Oyo? or is it Ogun? Or Osun?

lolz....yoruba wink

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