Presumptive tax: Equalizing the distribution of tax burden (11)

Presumptive tax: Equalizing the distribution of tax burden (11)

It is generally accepted that wages and salaries paid by corporations and governments are taxed more effectively than income earned by the self-employed due to the introduction of withholding taxes at source. Simplified presumptive taxation schemes increase the probability that the self-employed are also taxed effectively.
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Ex-UN Sec Gen, Gambari tasks Buhari on campaign promises

Ex-UN Sec Gen, Gambari tasks Buhari on campaign promises

A former Per-manent Secretary in the United Nations, Professor Agboola Gambari, has told President Muhammadu Buhari that ‘change’ must not remain a slogan because he was elected on that platform, hence he must be prepared to deliver on all his campaign promises.

Two boys drown in Jigawa river

Two boys drown in Jigawa river

Two teenage boys, both aged 10, were weekend confirmed dead after drowning in a river at Madaka village in Gagarawa Local Government Area of Jigawa State.

UNICEF raises alarm  over rising cholera cases

UNICEF raises alarm over rising cholera cases

Concerned by the over 500 deaths from cholera recorded in the country this year, United Nations Children’s Fund, UNICEF, has raised alarm over increasing cases of the deadly disease, urging Nigerians to adopt good personal hygiene practices throughout the rainy season.

PENGASSAN demands alternative funding for JV

PENGASSAN demands alternative funding for JV

Workers in the upstream sub-sector of the oil and gas industry have said Federal Government must seek alternative ways of funding Nigerian National Petroleum Corporation, NNPC, joint venture, JV, operations with oil companies.

Seme residents demand 10% of revenue for community devt

Seme residents demand 10% of revenue for community devt

Residents of Gbaji-Seme, a border community in Badagry West Local Council Development Area of Lagos State, has asked the Federal Government to allocate to them at least 10 percent of the total annual revenue collected from Seme Border, to facilitate community development.

Agric imports hit N738bn in first quarter

Agric imports hit N738bn in first quarter

A total of N738 billion worth of agricultural products were imported into the country in the first quarter of 2015, according to the National Bureau of Statistics (NBS) in its latest foreign trade reports. Agricultural imports increased by N132.1 billion or 21.8 percent from N606 billion in Q1 2014 to N738 billion in Q1 2015, the data show.

CBN strengthens sustainable banking

CBN strengthens sustainable banking

“At the CBN, we are doing a lot of things to promote resource efficiency, energy efficiency. We thing I can proudly tell you is that we have connected to the national grid. Before we were running on generators but now we have connected to the National Grid, so our generators are no longer running 24/7. Secondly, we are also in terms of energy efficiency, we shut down systems at certain periods rather than leaving the system running 24/7- apart from essential systems. We are also using energy efficient bulbs.

Bayelsa flays Shell’s response to oil spills

Bayelsa flays Shell’s response to oil spills

Bayelsa State Government, yesterday, expressed dissatisfaction with the response of Shell Petroleum Development Company, SPDC, to frequent oil spills in the state.

The Commissioner for Environment, Mr Iniruo Wills, said in Yenagoa, that several meetings between the state government and officials of the oil firm in the past had been fruitless.

Why higher oil prices cripple the economy

Why higher oil prices cripple the economy

Well, as you can imagine, if the system is already deluged with problematic surplus Naira, the infusion of any additional Naira will only worsen the already suffocating burden of too much money. Consequently, if government makes sectoral interventions with hundreds of billions of Naira when surplus cash is already a problem, you will understand that the impact of spending the additional intervention funds in any manner whatsoever, will simply ‘inadvertently’ exacerbate the threat of inflation.

Sheathe your swords, monarch pleads with Benue politicians

Sheathe your swords, monarch pleads with Benue politicians

Worried by the acrimony among Benue State politicians, the paramount ruler of Tyoshin, Ter Nagi, Chief Ayua Abomtse has appealed to politicians in the state to sheathe their swords and forgive one another in the interest of the state.

Groups call for more humanitarian support for IDPs

Groups call for more humanitarian support for IDPs

Civil Society Organisations yesterday urged the government, non-governmental organisations, religious groups, charitable and voluntary organisations to invest heavily in providing succour to the Internally Displaced Persons, IDPs, in the country.