Skip to main content

Self-employed Nigerians Make Lots Of Money, Should Also Pay Tax – Rep

By


A member of the House of Representatives, Olufemi Fakeye has called on the Federal Government to tax self-employed Nigerians because they allegedly earn lots of money.

Fakeye said this on Wednesday while commenting on the 2022 budget during the plenary session on the floor of the house stating that it would enable the federal government to boost its revenue.

He said, “I’m aware right now and it has been said here that only two quarterly releases have been made now, we are in the last quarter of the year. That makes a joke of all the effort that we put in day in, day out to ensure that the budget is passed on time.

“I pay attention to revenue shortfalls for the government. I recall when I was young, everybody paid taxes. Whether you are a farmer, your daddy was a carpenter, whatever he did for a living, he paid tax.

“Now we have tended to forgive everybody their taxation except those who have an income where the tax is taken out of your income and the rest paid to you.

“I think our tax reform should be such that every Nigerian has a chance to contribute. Go out there and talk to 80 per cent or 90 per cent of the people of Nigeria, a lot of them who are self-employed; they don’t pay tax anymore.”

Small companies with an annual turnover of not more than N25 million are exempt from paying the Company Income Tax under the Finance Act 2020.

Comments

Post a Comment

Popular posts from this blog

EndSARS: Protesters In New York Want SARS Operatives Sacked

By
 Hundreds of young anti-SARS protesters on Sunday stormed the Nigeria House in New York demanding transparency in the disbandment of the police unit back home. The protesters said operatives of the Special Anti-Robbery Squad found wanting should be sacked and not redeployed. Among them was Stephen “Papi” Ojo, the artist, model, and choreographer who stole the show as the ‘blue-guy’ in Beyoncé’s “Already” music video. The protest started shortly after the Inspector-General of Police, Mohammed Adamu, announced the dissolution of the Federal Special Anti-Robbery Squad. Adamu also announced plans for a new arrangement to address anticipated policing gaps following the disbandment, and the constitution of an investigative team to probe the alleged cases of rights violations, among others. But the protesters, who bore placards with different inscriptions including, “We no want audio ban”, said they were not buying it. They argued that previous commitments announced by the force to change...
Post a Comment
Read more

Police Panel Submits ‘Damning Report’ On Disgraced DCP, Abba Kyari

By
The  Special Investigation Panel set up by the Inspector-General of Police, Usman Baba, to probe the former Head, Intelligence Response Team, Abba Kyari, a suspended Deputy Commissioner of Police, has submitted its report. The four-man panel headed by the Deputy Inspector-General of Police in charge of the Force Criminal Investigations Department, Joseph Egbunike, submitted its findings to the IG on Monday. Information from a reliable source states that the panel submitted ‘damning findings’ in its report, although the DCP continued to prove innocence in the face of the accusations.  The source had yet to reveal further details of the report. The United States Attorney’s Office, Central District of California, had issued an arrest warrant against Kyari for his alleged links to the suspected fraudster, Ramon Olorunwa Abbas, alias Hushpuppi, who is standing trial for various offences that include internet fraud and money laundering. Hushpuppi has since pleaded guilty to the char...
1 comment
Read more

Biden Announces Purchase Of 200M Vaccine Doses

By
  President Joe Biden announced a series of measures on Tuesday aimed at ramping up coronavirus vaccine allocation and distribution, including the purchase of 200 million more vaccine doses and increased distribution to states by millions of doses next week. With those additional doses, Biden said there would be enough to fully vaccinate 300 million Americans -- nearly the entire US population -- by the end of summer or early fall. He described efforts to combat Covid-19 as a "wartime undertaking." We now have a national strategy to beat Covid-19. It's comprehensive. It's based on science, not politics. It's based on truth, not denial, and it is detailed," he said. As part of the new efforts announced Tuesday, the US will buy 100 million more doses from Pfizer/BioNTech and 100 million more from Moderna -- the two-dose vaccines that have been granted emergency use authorization by the US Food and Drug Administration. Pfizer and Moderna are working to step up p...
Post a Comment
Read more