An ex-while president of Chartered Institute of Taxation of Nigeria (CITN) Mrs Adebimpe Balogun has disagreed with the move by the Federal Government to increase Value Added Tax (VAT) from five per cent to ten.
Speaking at the eighth Wole Soyinka’s Centre Media Lecture Series, with the theme: “Tax Education, National Development and the Seminal Role of the Media”, Balogun said that the present economic situation in the country does not support such move.
According to her, rather than increasing taxes payable by Nigerians as being mulled by the Federal Government, government at all levels should broaden their tax base by bringing more people in the formal and informal sectors into the tax net.
Balogun charged the state governments to look inward and develop other products that could generate additional internally generated revenue that would help them cope well with the economic recession rather than depend solely on the monthly federal allocations.
Dynamic tax reform She further called on the law makers and other highly placed government officials who earn heavy salaries to lead by example by paying taxes commensurate to what they earn. While noting that lawmakers were not exempted, she called for a more sustainable and dynamic tax reform system.
According to her, “Anybody that is thinking of increasing the VAT rate, is a suicidal attempt for our economy. Right now, people are suffering over the inability to pay for many fees, ranging from the schools, rents, etc.
“This is not the time to start asking tax payers for higher rate. But rather it is the time to expand the tax base and the tax net, to capture those who are not in the tax net at the moment. We have a misconception about who are the informal sector stakeholders. The informal sector are not just the traders, or the ‘Balogun, Ojo market traders’, but rather those who do portfolio contracts and collect the juicy contracts from the government and are not charged adequately. The question I have for the Federal Inland Revenue Services (FIRS) is; to what extent are they using our withholding tax system to capture these people? This is because the Federal Government agencies that give out these contracts are obliged to withhold taxes. And so, how much of that do we leverage to be able to attract taxes from those informal sectors and not collecting much taxes from employees, though I am not saying that employees should not be taxed.”
“It is time to develop other products of our economy. The natural resources range from agriculture, tourism and entertainment industry. They should be improved upon as they employ quite a number of persons. Dubai for instance survives on tourism. Let us look inward, as well as other areas where we can actually improve their productivity and not just taxes. Also there is need to invest on exports and creating an attractive environment, as massive revenues are generated from export.”
She identified Ogun, Anambra and Borno States as states with increased IGR, saying that they have done significantly well in developing other sources of revenue. For instance, she said that Ogun State increased its IGR by 49.42 percent from N17.57 billion in 2014 to N34.65 billion in 2015, while Anambra achieved 29.32 percent increase from N10.45 billion in 2014 to N14.79 billion in 2015. Borno State on the other hand, increased its IGR by 21.8 percent from N2.766 billion in 2014 to N3.53 billion in 2015.
Athekame Kenneth liked this on Facebook.
Jayeola Dotun liked this on Facebook.
you are really a just right webmaster. The web site loading velocity is incredible. It kind of feels that you are doing any unique trick. Also, The contents are masterpiece. you have done a fantastic job on this topic!
coupon codes avis rental car http://finance.travelweekly.com/northstar.travelweekly/news/read/32469170
Your betterscooter.com http://adf.ly/6249830/banner/www.scamadviser.com/is-betterscooter.com-a-fake-site.html suits you in with our type and maybe they are great.
Grossartig! Vielen dank! Auch ich musste an die Engländerinnen denken und freu mich, dass sich jetzt viele schöne Fotos über dieses hässliche Ereignis geschoben haben.
I just want to say I’m very new to blogging and site-building and absolutely liked this blog. More than likely I’m going to bookmark your blog post . You absolutely have remarkable writings. Many thanks for sharing with us your web site.
I simply want to mention I am beginner to weblog and honestly savored your web site. More than likely I’m likely to bookmark your website . You definitely come with amazing stories. Many thanks for revealing your web site.
Viviane minha querida, super obrigada. Fico muito feliz por você dizer isso. Adorei!
With regard to Any party, I found my best mate Twelve sets pertaining to Peruvian deep wave https://www.youtube.com/watch?v=k1oaz7n0ILk! I aquired this lady that proverb, tall in height cookies brown, white bailey control key together, a sparkling add-ons, most of the shiny african american, and also vivid sterling silver! I also got the woman’s the entire Green bailey press button advantages, the exact aqua steady, saving money huge assortment, and the little dark two! This lady Take interest in these people! This woman will bring a distinct pair of shoes day-to-day and he or she wants that really! You persist always so will likely basically pay for the woman’s Your five pairs batch that we get!
Egli non ГЁ certamente umano
lupn
I simply want to tell you that I am new to blogging and definitely enjoyed your page. Most likely I’m want to bookmark your website . You amazingly have really good stories. Kudos for sharing with us your blog site.
I simply want to mention I am just newbie to weblog and actually enjoyed your blog site. Almost certainly I’m want to bookmark your website . You absolutely have awesome articles. Thanks a lot for revealing your blog site.
I simply want to say I am very new to blogging and site-building and actually savored you’re blog site. Probably I’m likely to bookmark your blog post . You absolutely come with amazing writings. Thanks for revealing your web page.
I just want to say I’m very new to blogs and absolutely savored you’re web-site. Very likely I’m likely to bookmark your website . You really have amazing articles. Kudos for sharing your blog.
I simply want to say I’m new to blogging and site-building and definitely liked your website. Very likely I’m want to bookmark your blog . You really have awesome article content. Bless you for sharing your webpage.
I simply want to tell you that I am just beginner to weblog and truly savored this website. Likely I’m likely to bookmark your blog . You really come with exceptional articles. Many thanks for revealing your web page.
I simply want to mention I’m newbie to blogging and site-building and actually liked your web page. Most likely I’m going to bookmark your site . You definitely come with fabulous articles and reviews. Kudos for revealing your web site.
I just want to say I’m newbie to weblog and seriously loved you’re blog site. Very likely I’m likely to bookmark your blog post . You surely come with perfect articles. Thanks for revealing your web-site.
I just want to tell you that I’m very new to weblog and really savored your web blog. Likely I’m likely to bookmark your website . You absolutely come with very good well written articles. Many thanks for revealing your webpage.
I just want to mention I am very new to blogging and actually enjoyed your blog site. Very likely I’m want to bookmark your blog post . You certainly come with good articles and reviews. Cheers for sharing your blog.
Appena ce ne saranno ve li segnaleremo con articoli nuovi, iscriviti alla newsletter per non perderti nessuna novità ;). Un saluto.
When someone writes an article he/she retains the image of a user in his/her mind that how a user can know it. So that’s why this article is great. Thanks!|
It is actually a great and helpful piece of info. I’m glad that you just shared this helpful info with us. Please stay us informed like this. Thank you for sharing.
Well said, 100 agree.
Thanks for revealing your ideas here. The other factor is that every time a problem occurs with a pc motherboard, people today should not go ahead and take risk of repairing it themselves because if it is not done properly it can lead to permanent damage to an entire laptop. It is almost always safe to approach a dealer of your laptop for your repair of the motherboard. They’ve technicians with an expertise in dealing with pc motherboard complications and can make the right diagnosis and execute repairs.
Great article. It’s very unfortunate that over the last ten years, the travel industry has had to take on terrorism, SARS, tsunamis, bird flu, swine flu, along with the first ever real global downturn. Through it the industry has proven to be effective, resilient in addition to dynamic, discovering new methods to deal with difficulty. There are usually fresh challenges and the opportunity to which the field must once again adapt and reply.
Very very good internet site thanks so much for your personal time in writing the posts for all of us to learn about.
pizza hut coupon codes august 2016 full http://futuristichijac07.sosblogs.com/The-first-blog-b1/Where-to-purchase-BH-cosmetics-b1-p59.htm
I figured out more something totally new on this fat loss issue. 1 issue is a good nutrition is tremendously vital if dieting. A tremendous reduction in junk food, sugary foodstuff, fried foods, sugary foods, red meat, and bright flour products could be necessary. Having wastes parasites, and harmful toxins may prevent desired goals for fat loss. While specific drugs in the short term solve the problem, the nasty side effects are usually not worth it, and so they never give more than a temporary solution. It is just a known proven fact that 95 of celebrity diets fail. Many thanks sharing your ideas on this blog.
Thanks for this post, I am a big fan of this web site would like to proceed updated.
Youre so cool! I dont suppose Ive read anything like this before. So good to search out somebody with some unique thoughts on this subject. realy thanks for beginning this up. this website is one thing that’s needed on the web, somebody with slightly originality. helpful job for bringing something new to the web!
I was very encouraged to find this site. I wanted to thank you for this special read. I definitely savored every little bit of it and I have you bookmarked to check out new stuff you post. http://www.homedecorated.net
LIke your site. Do you want to trade links.
Hello! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no backup. Do you have any methods to prevent hackers?|
Usually I do not post on blogs, but I would like to say that this article really forced me to do so! Thanks, really nice article.
NO problem with QuickBooks technical issues. Just call us @@ 1-844-722-6675 and get your QuickBooks issues resolved by experts instantly. Intuit point of sale support, ((1((844))722((6675))),Intuit phone help, ((1((844))722((6675))),Intuit help desk, ((1((844))722((6675))),Quickbooks help desk, 1844.722.6675Quickbooks payroll support number, ^^1^844^722^^6675,Quickbooks payroll support, ^^1^844^722^^6675,Quickbooks premier support, ^^1^844^722^^6675,Quickbooks premier support phone number, ^^1^844^722^^6675,Quickbooks POS support, ^^1^844^722^^6675,Intuit technical support phone number, ((1((844))722((6675))), Intuit support phone number, ((1((844))722((6675))),Intuit POS support number, ((1((844))722((6675))),Intuit point of sale support, ((1((844))722((6675))),Intuit phone help, ((1((844))722((6675))),Intuit help desk, ((1((844))722((6675))),Quickbooks help desk, 1844.722.6675
When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several emails with the same comment. Is there any way you can remove me from that service? Bless you!
Aloha, I found your blog on Bing Weblogs and think it is pretty intriguing and delivers fantastic material. Thank you regarding this superb post, I will certainly promote this on Twitter. Have a pleasant day on interior design ideas for home and office
I admire the beneficial information and facts you provide in your posts. I will bookmark your blog and have my children examine up right here often. From: home interior decoration design ideas
Hiya! You some kind of professional website hosting? Great message. Are you able to tell me learn how to subscribe your blog?
Greetings! Very helpful advice in this particular article! It is the little changes that will make the biggest changes. Many thanks for sharing!|
Je suis nouveau à blogging. Qu’est-ce que le site est bon pour les blogs put une mission de livre de lecture d’été?
Hey, thanks for sharing I always look forward to reading your posts one of the few blogs I still follow home decorated
I know you will certainly never ever be sorry for of the things that I will share.
Quickbooks Phone Number)))) 1-844-722-6675 ((((Quickbooks Tech Support phone number @@Call, 1-844-722-6675 for all type help by Quickbooks tech support phone number, 1-844-722-6675 Intuit Quickbooks Tech Support Phone Number, 1-844-722-6675 Quickbooks Help Desk Phone Number, 1-844-722-6675 Quickbooks tech support number, Quickbooks technical support phone number,@@ 1-844-722-6675 @ Quickbooks phone number, 1-844-722-6675 Quickbooks technical support number, 1-844-722-6675 Quickbooks support phone number, 1-844-722-6675 Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number,@@@@ Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, @@@@@ Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number-Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number. Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number. It is very popular toll free number which provide by Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number. Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number, Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number, Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number, Quickbooks pro support phone number, Quickbooks payroll support phone number. Quickbooks payroll customer support phone number Quickbooks Support Helpline Number, Quickbooks contact number Quickbooks tech support phone number Quickbooks support team phone number Quickbooks contact number 1-844-722-6675 Quickbooks technical help telephone number, Quickbooks technical help contact number, Quickbooks technical support contact number, Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone number, Quickbooks 24 hour contact number, Quickbooks customer support contact number, Quickbooks customer service contact number, Quickbooks official number, Quickbooks official contact number, Quickbooks 800 contact number, Quickbooks toll free number, 800 number for Quickbooks support, Quickbooks 24/7 support phone number Quickbooks PRO support phone number,Quickbooks PRO support phone number,Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number, Quickbooks PRO support phone number. Help@Call 1-844-722-6675/.Quickbooks 24/7 support phone number,Quickbooks telephone number for support? call 1-844-722-6675@./Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone numbertelephone number for Quickbooks online support,Quickbooks official support number,Quickbooks official number,Quickbooks payroll official phone number,phone number for Quickbooks payroll supportQuickbooks 24/7 support phone numberQuickbooks support number,Quickbooks telephone number for support ……………… Quickbooks PRO phone number,(1-844-722-6675)// Quickbooks PRO customer care number….. Quickbooks PRO Toll Free, Intuit@(1-844-722-6675)@-: Quickbooks PRO Technical Support Number, Quickbooks PRO help desk phone number provides online solution for all USA/CANADA clients. For any help of query call 1 800 860 9230 to get all Quickbooks PRO account solution. For any help of query call 1 800 860 9230 to get all Quickbooks PRO account solution. @@Call, 1-844-722-6675 for all type help by Quickbooks PRO support telephone number,Quickbooks PRO support phone number,Quickbooks PRO support phone number,Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number, Quickbooks PRO support phone number Quickbooks PRO help number-Quickbooks PRO Helpline Number; Quickbooks PRO help phone number-Quickbooks PRO Helpline Number, Quickbooks PRO Tech Support Toll free Number, Quickbooks PRO Support Telephone Number, Quickbooks PRO Tech Support Telephone number, Quickbooks PRO Tech Support contact number, Quickbooks PRO support contact number, Quickbooks PRO technical support contact number, Quickbooks PRO help desk phone number. Call, @(1-844-722-6675)@-: It is very popular toll free number which provide by Quickbooks PRO technical support, Quickbooks PRO Customer Service Phone Number, Quickbooks PRO Customer Service Number, Quickbooks PRO Customer Support Phone Number, Quickbooks PRO Customer Support Number, Quickbooks PRO Customer Service Helpline Number, Quickbooks PRO Customer Care Number, Quickbooks PRO support team phone number. Call,@(1-844-722-6675)@-: Quickbooks PRO help number-Quickbooks PRO Helpline Number; Quickbooks PRO help phone number, Quickbooks PRO Helpline Number, Quickbooks PRO Tech Support Toll free Number, Quickbooks PRO Support Telephone Number, Quickbooks PRO Tech Support Telephone number, Quickbooks PRO Tech Support contact number, Quickbooks PRO support contact number, Quickbooks PRO technical support contact number, Quickbooks PRO pro support phone number, Quickbooks PRO payroll support phone number. Quickbooks PRO payroll customer support phone number for all type help by Quickbooks PRO support telephone number, Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number
Awsome site! I am loving it!! Will be back later to read some more. I am bookmarking your feeds also.
Interesting, I wonder what the statistics are on your first point there on homedecorated
Woah! I’m really loving the template/theme of this blog. It’s simple, yet effective. A lot of times it’s hard to get that “perfect balance” between user friendliness and visual appeal. I must say that you’ve done a fantastic job with this. Additionally, the blog loads very fast for me on Chrome. Superb Blog!
Never Ever give up: Even though you fail initially; Dont manage to get a great deal of views at first, do your self a favour, do not give up.
Hmm it seems like your blog ate my first comment (it was extremely long) so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog writer but I’m still new to the whole thing. Do you have any points for first-time blog writers? I’d genuinely appreciate it.|
Thanks for this!
Good post, do you have any others on this topic?
Thank you for another informative blog. Where else could I get that kind of info written in such a perfect way? I have a project that I’m just now working on, and I have been on the look out for such info.
WONDERFUL Post.thanks for share..extra wait .. …
Pretty section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I’ll be subscribing to your augment and even I achievement you access consistently fast.
Good read, enjoyed it!
Great article, just what I was looking for.|
download film terbaru sub indo has diamond like clarity and also in order for this to be striking you must use both that and.
Google
We like to honor many other world-wide-web internet sites around the net, even though they arent linked to us, by linking to them. Underneath are some webpages really worth checking out.