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Old Apr 17, 2009 , 01:45 PM   # 3 (permalink)
Default Re: Do Nigerian Leaders Pay Tax?



Mr. Reuben,

You shifted from the main topic in the first paragraph to other matters concerning America. I would have loved you to develop your essay on this very poor aspect of our national finances.

Most Nigerians do not pay taxes because the technology for taxes are seriously under-developed and actual jobs are not there. There is no one who write about Tax and need for improvement, so I give the due credit. Raking 1.4 trillion Niara yearly from Lagos chattered foreign companies (many of them oil) without due repose to other states of their operation is non sense, especially when a few pathetic families run it. States and local government should use better automated machine for taxes if they want grow and this will create jobs and help our Banks to lend, it will also support our Bonds market and fixed income securities.

There is no magic to American economy without taxes.

Iroabuchi Onwuka is offline   Reply With Quote