Israel's Approach
In 1951, the Development Corporation of Israel implemented a program seeking aid from its diaspora with the objective of raising foreign exchange for the state. The annual issuances of these bonds are seen as a stable source of overseas borrowing while also allowing Israel to maintain ties to its expatriates. While Israel has sought aid as a means to build infrastructure rather than assistance during financial crisis, investments have jumped steeply during times of need. Annual sales of DCI bonds increased about $150 million during the 1973 Yom Kippur War from the prior year and by $500 million during the 2001 9/11 terrorist attacks. Unlike India's diaspora bonds, DCI bonds never matched or exceeded the interest rates of U.S. Treasury Notes.
On Thu, Jan 12, 2017 at 11:41 AM, Mobolaji Aluko <alukome@gmail.com> wrote:
--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 AlukoOn Thu, Jan 12, 2017 at 4:53 PM, 'Joe Attueyi' via AfricanWorldForum <africanworldforum@googlegroups.com > wrote:--AnthonyShould 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. JoeSent from my iPhone
On 12 Jan 2017, at 3:34 PM, 'Anthony Momah' via OkonkwoNetworks <okonkwonetworks@googlegroups.com > wrote:
NIGERIAN CITIZENS should be able to vote, in their National election, no matter where they live on the planet.--
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.c om <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
OkonkwoNetworks..........Building NIGERIA of our DREAM
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