Lagos: Of tax efficiency and infrastructure development
The state has the potential to improve on its IGR to the projected N50 billion per month from next year
Adverse tax on dividends scares investors — Anono
The issue is that of multiple taxation on individual investors is worrisome because whenever a company declares dividend, before it gets to you, they will deduct 10 percent withholding tax and this is after the government must have taxed the company’s profit. If a company makes profit of N10 billion and declares a dividend.
Tax incentives for mining investors
THE announcement that the Solid Minerals Ministry is proposing tax holidays for investors in the solid minerals sector is not only a step in the right direction, it is also long overdue. In fact, the measure should be extended to other sectors such as the agro-allied areas where rapid growth will generate investment, especially foreign investment and induce job creation.
Adverse tax on dividends scares investors — Anono
Multiple taxation, especially double taxation of dividends has always been a burning issue in the Nigerian capital market. In this interview with Financial Vanguard, Mr. Godwin Anono, Chairman, Nigeria Professional Shareholders Association, NPSA, said it is disincentive to investment in the stock market and called on the federal government to cut tax. By Nkiruka Nnorom […]
Tax incentive to Dangote and our failed Federal Govt
Milton Friedman must have had the Federal Government of Nigeria in mind when he penned the above words. Just like Obafemi Awolowo rightly warned against unitary Nigeria in his book ‘Thoughts on The Nigerian Constitution’ in 1967, the Federal Government of Nigeria is now afflicted with ashes touch. Said Awo: ‘Besides, it is not difficult to forecast that the work of government in Nigeria under a unitary constitution is bound to become unduly complex, inextricably tangled,extremely unwieldy and wasteful, and productive of disunity and discontent amongst the people. Unless we have veritable supermen at the helm of affairs,the administrative machinery would eventually disintegrate and break down under the crushing weight of ‘bureaucratic centralism’.
VAIDS: The Tax Game Changer
A seismic change began in the country’s tax system on 29 June, when an Executive Order signed by Vice President Yemi Osinbajo (then Acting President) gave life to the Voluntary Assets and Income Declaration Scheme (VAIDS).
