USA Africa Dialogue Series - Re: [africanworldforum] Re: Adeosun:$300m Diaspora bond out in March

Joe Attueyi:

Not all Americans living "no matter where they live on the planet" pay taxes, just as not all Americans who live in the USA pay taxes - BEFORE they vote.  If you don't earn money, you don't pay taxes.  If you don't earn money ABOVE a certain amount, you don't pay NET taxes, even if you pay SOME taxes as you EARN;.  Now, if you are not of a certain age, whether you pay taxes or not, or if you are excluded due to a criminal record, you don't vote, whether you had paid taxes or not before incarceration.

So if Nigeria wishes to specify that to continue to maintain your citizenship when living outside the shores of the country, you must, at the very minimum

    (1)  register your name in the foreign mission of residence and

    (2)  REPORT your earnings AND taxes paid to your host country, 

then fine.  Those two steps should be a minimum to indicate that you still feel under some authority of your country of birth.  

However, if, after that, Nigeria wishes to 

   (3)  impose a nominal DIASPORA tax (with a maximum cap and a minimum alternate minimum tax) based on net income (earnings after taxes) in the denomination of the country of residence, 

then fine too.  

I am prepared to do all three in simultaneous exchange for a Diaspora vote,  but Nigeria should not unnecessarily burden Nigerians in the Diaspora to pay taxes BEFORE they vote, just as it does not burden Nigerians WITHIN Nigeria to pay taxes before they vote, otherwise it will look like a punishment to go abroad.  

I do not think that the Diaspora Bond should be connected in any real way to the Diaspora vote.  Provided the Bond Prospectus is properly drawn up, then a certain level of risk involved in investing in all securities - accompanied with a measure of patriotism in accepting certain lowered interest rate over a long maturity period - should be accepted by Diasporans and others included.

And there you have it.

Bolaji Aluko

On Thu, Jan 12, 2017 at 4:53 PM, 'Joe Attueyi' via AfricanWorldForum <africanworldforum@googlegroups.com> wrote:

Anthony 

Should Nigerian citizens not also pay tax to Nigeria "...

no matter where they live on the planet."

Americans pay tax and vote "...

no matter where they live on the planet.

Joe

Sent from my iPhone

On 12 Jan 2017, at 3:34 PM, 'Anthony Momah' via OkonkwoNetworks <okonkwonetworks@googlegroups.com> wrote:

Diasporan voting right should NOT and I say NOT be tied to the development of Diaspora fund... NIGERIAN CITIZENS should be able to vote, in their National election, no matter where they live on the planet.

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From: 'Afis Deinde' via AfricanWorldForum <africanworldforum@googlegroups.com>;
To: <africanworldforum@googlegroups.com>;
Cc: Nebukadineze@aol.com <Nebukadineze@aol.com>; <TalkNigeria@yahoogroups.com>; NIgerianWorldForum@yahoogroups.com <NIgerianWorldForum@yahoogroups.com>; <NaijaObserver@yahoogroups.com>; Ola Kassim <olakassimmd@aol.com>; NaijaPolitics@yahoogroups.com <naijapolitics@yahoogroups.com>; rotfash@yahoo.com <rotfash@yahoo.com>; Ishola Williams <isholawilliams@gmail.com>; Raayiriga@yahoogroups.com <Raayiriga@yahoogroups.com>; Vincentotuonye@msn.com <vincentotuonye@msn.com>; Odua <OmoOdua@yahoogroups.com>; OKONKWONETWORKS@googlegroups.com <okonkwonetworks@googlegroups.com>; FORUM IGBO WORLD FORUM IGBO WORLD <igboworldforum@yahoogroups.com>; YanArewa@yahoogroups.com <YanArewa@yahoogroups.com>; Ike Agbor <ikeagbor@yahoo.com>; Nigerian ID <NigerianID@yahoogroups.com>; John Ebohon <ebohon@dmu.ac.uk>; MGAdeniyi@aol.com <mgadeniyi@aol.com>; A. Gml <abba2007@gmail.com>; <naijaevent@googlegroups.com>;
Subject: Re: [africanworldforum] Re: Adeosun:$300m Diaspora bond out in March
Sent: Thu, Jan 12, 2017 3:02:08 PM

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