‘Tax Us Now,’ 100 Millionaires Make An Unusual Plea

1/19/2022 6:20:00 PM

‘Tax Us Now,’ 100 Millionaires Make An Unusual Plea

‘Tax Us Now,’ 100 Millionaires Make An Unusual Plea

More than 100 millionaires made an unusual plea on Wednesday: “Tax us now”. Their appeal came as a study backed by wealthy individuals and nonprofits found that a wealth tax on the world’s richest people could raise $2.52 trillion per year — enough to pay for Covid vaccines for everyone and pull 2.3 billion … Continue reading ‘Tax Us Now,’ 100 Millionaires Make An Unusual Plea

 More than 100 millionaires made an unusual plea on Wednesday: “Tax us now”.Their appeal came as a study backed by wealthy individuals and nonprofits found that a wealth tax on the world’s richest people could raise $2.52 trillion per year — enough to pay for Covid vaccines for everyone and pull 2.3 billion people out of poverty.

In an open letter to the World Economic Forum’s online Davos meeting, 102 millionaires, including Disney heiress Abigail Disney, said the current tax system is unfair and “deliberately designed to make the rich richer”.“The world — every country in it — must demand the rich pay their fair share,” the letter says. “Tax us, the rich, and tax us now.”

Read more: Channels Television »

Plea

Over 100 IDPs homeless as fire destroys shelters in BornoOfficials at the Gamborun Ngala Internally Displaced Persons (IDP) camp in Borno State on Tuesday said a fire outbreak has rendered over 100 persons Where the fire come from ? They will soon start committee on this issue , the people loss everything but u still want to use their life for political gain

Posers Over NLNG’s 100% Local LPG Supply DecisionLast week, Nigeria LNG Limited announced that it was set to supply 100 per cent of its Liquefied Petroleum Gas production to the Nigerian market in line with its mission to help deepen the utilisat…

Pay us N24m tax else we attack, kill you all - Bandits threaten Zamfara communitiesBandits terrorizing many parts of Zamfara State have placed N24 million levy on at least nine communities in Bukkuyum Local Government Area of the State. Oh God pls help our dear Nation. 😂😂😂 by force tax o!....you see wetin we Don turn to? MBuhari Go ahead. Business men.

How new sugar tax will hurt Nigerians | TheCableBY OLUMAYOWA OKEDIRAN The federal government has imposed a sugar tax of N10 per litre on all non-alcoholic, carbonated, and sweetened beverages in the country. This charge is one of Laslas! It always the masses who feels it!😔😔 Awonwerey🤯 Endbadgovernance AFCON2021 unclejigi Topnotch👍 Government who don’t take care of the citizen trying to tax everything, you sure this country go survive 2023 ?

Lagos To Sanction Firms Over Non-filing Of Tax ReturnsLagos state government is set to sanction companies who fail to file their tax returns to it on or before January 31, 2022. With just 13 days to the end

LIRS fixes January 31 as deadline for filing tax returnsThe Lagos State Internal Revenue Service (LIRS) has called on taxpayers to file their last year’s tax returns before or on January 31, 2022.

File photo of wads of cash.homeless.Viber Last week, Nigeria LNG Limited announced that it was set to supply 100 per cent of its Liquefied Petroleum Gas production to the Nigerian market in line with its mission to help deepen the utilisation of the product in the country.The assailants, who reportedly issued letters to community leaders in the affected areas, asked each community to pay from N500,000 to N5m or be faced with attack.

  More than 100 millionaires made an unusual plea on Wednesday: “Tax us now”. Their appeal came as a study backed by wealthy individuals and nonprofits found that a wealth tax on the world’s richest people could raise $2. In an interview, an official of Borno State Emergency Management Agency (SEMA) in Gamborun Ngala, Malam Yusuf Gulumba, told newsmen that the cause of the fire is yet to be established, however investigation has already commenced.52 trillion per year — enough to pay for Covid vaccines for everyone and pull 2. The Managing Director of NLNG, Dr Philip Mshelbila, disclosed the company’s plan in a statement signed by the organisation’s General Manager, External Relations and Sustainable Development, Mr.3 billion people out of poverty. Gulumba called on the federal and state governments to provide food and non-food items as well as shelter for the victims to address their immediate needs. In an open letter to the World Economic Forum’s online Davos meeting, 102 millionaires, including Disney heiress Abigail Disney, said the current tax system is unfair and “deliberately designed to make the rich richer”. Efforts by DAILY POST to reach the State Police Command for a comment on the development proved abortive as of press time.

“The world — every country in it — must demand the rich pay their fair share,” the letter says. The same incident last occurred In April 2019, leaving hundreds of IDP without any means of livelihood. We supplied our first butane (LPG) cargo into the domestic market in 2007, which helped to develop over the years, the LPG industry in Nigeria from less than 50,000 tonnes to over one million tonnes market size annually by the end of 2020,” Mshelbila said. “Tax us, the rich, and tax us now.” READ ALSO: Nigeria’s Economy To Grow By 2.5% In 2022 – World Bank Their plea follows a report by global charity Oxfam this week which said that the world’s 10 wealthiest men doubled their fortunes to $1.5kg cylinders, thereby directing most of its production into the domestic market.5 trillion during the first two years of the pandemic while inequality and poverty soared.

“As millionaires, we know that the current tax system is not fair,” says the letter circulated by groups including Patriotic Millionaires, Millionaires for Humanity, Tax me Now, and Oxfam. “Most of us can say that, while the world has gone through an immense amount of suffering in the last two years, we have actually seen our wealth rise during the pandemic — yet few if any of us can honestly say that we pay our fair share in taxes. Although, the company was yet to respond to THISDAY’s question, as of press time, which sought to know the exact volume the said 100 per cent supply would translate to, it had in 2021 announced an increase in the volume of its annual commitment to the market from 350,000 to 450,000 metric tons, saying, that was about 100 per cent of its butane production.” The signatories include wealthy men and women from the United States, Canada, Germany, Britain, Denmark, Norway, Austria, the Netherlands and Iran. The Patriotic Millionaires took part in a the wealth tax study with a network of non-profits and social movements, including Fight for Inequality Alliance, Oxfam and the US-based Institute for Policy Studies think tank. In addition to funding vaccines worldwide and alleviating poverty, the tax would be enough to provide universal health care and social protection to 3. It stated that its production alone was therefore not sufficient for the Nigerian market.

6 billion people in low- and middle-income countries, the group said. The tax would be set at two percent for those worth over $5 million, three percent for over $50 million, and five percent for over $1 billion.   – ‘Realistic’ tax – The group said a steeper progressive tax, which includes a 10 percent levy on billionaires, would raise $3. No doubt, the company’s communication may not be unconnected with the move by the federal government and stakeholders in the subsector to address the crisis witnessed in the LPG space between late 2020 and 2021.62 trillion a year. The actual levels of taxation would be country-specific.

Jenny Ricks, global convenor of the Fight Inequality Alliance, told AFP the group chose a lower progressive tax that was on the “realistic side”. Bassey Essien, said the statement by NLNG was not specific about the actual volume of supply. A plan to tax the wealth of some 700 American billionaires was floated by Democrats in the US Congress last year, but it was cut from President Joe Biden’s $1.75 trillion social spending and climate change programme. Wednesday’s tax proposal was made as global government and business leaders take part in the virtual Davos meeting this week. Asked if that announcement would have any major impact on the already troubled market, Essien said there would be no impact from it as it was the same old story. The in-person gathering was postponed due to the spread of the Omicron variant.

“There is no defending a system that endlessly inflates the wealth of the world’s richest people while condemning billions to easily preventable poverty,” Patriotic Millionaires chairman Morris Pearl, a former BlackRock investment firm managing director, said in a statement. “We need deep, systemic change, and that starts with taxing rich people like me,” Morris said. But if it is the same 450,000, then there is nothing to comment on. AFP .