To retain important control of resources and the economy, and because we also need what the IOCs have – Oil Exploration and Production Infrastructure, taxes are used to regularize the heavy production of our Oil and to reinvest into the economy.
A hearty congratulations, dear reader, you not only steadily pay a Federal tax called Value Added Tax (VAT), as the final consumer/buyer, you bear the burden of the tax to a large extent.
Trump’s tariffs may be described as some sort of protectionism for the purpose of boosting the country’s economy and defending it from foreign competition.
TAX SERIES BY ENIOLA – SEASON 3 VOLUNTARY ASSET AND INCOME DECLARATION SCHEME (VAIDS) Episode 1 – Redemption When a Convict on the death row is granted pardon or when an Amputee is given new limbs and can walk again, the only thing that can follow, is overwhelming bliss, a feeling of redemption, a new beginning. That is what VAIDS brings to the table – Redemption, from our Tax iniquities and a new Beginning of Tax compliance. VAIDS is a…
THE GOOD SAMARITAN, THE EGG SHELL SKULL RULE AND THE NEIGHBOUR PRINCIPLE Introduction The idea of a person being under an obligation to rescue or render assistance to another person who is injured or in peril has its origins in the biblical parable of the Good Samaritan. In that parable, Jesus answered a lawyer’s question of “who is my neighbour?” by stating that the neighbour was the person who showed mercy to the injured man in the story and that…
ON THE LOOTERS LIST On Sunday, April 1, 2018, when Christians all over the world were celebrating the resurrection of Jesus Christ, who was said to have taken away the sins of the world, the Punch Newspaper reported that the Federal Government of Nigeria released to the world an updated list of those it alleges have committed the sin of looting. According to the Federal Government, the bearers of the names on the list have looted the country and are…