SEPTEMBER 14, 2019 VAT: States need the money, but can we trust the government? There is a generally accepted principle of tax or Value Added Tax (
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SEPTEMBER 14, 2019
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VAT: States need the money, but can we trust the government?
[hard-facts](
There is a generally accepted principle of tax or Value Added Tax (VAT). Non quid pro quo, that is, no direct benefit expected when you pay tax. And the essence aside, revenue generation is the income redistribution.
First and foremost, it is important to establish that fact. Indeed, the recent announcement by the Federal Government to increase Value Added Tax (VAT) has thrown up all sorts of analysts, both on social media and conventional medium, both arguing for and against.
The analysts are as expected along party lines. This is so because the issue of taxation is relegated or avoided during election period despite its importance. [Read more](
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[xenophobic-attacks](
Xenophobic Attacks: South Africa may slam 10-year ban on returnee Nigerians
Reports emerging during the aftermath of the evacuation of 313 Nigerians from South Africa due to xenophobic attacks by the Air Peace Boeing 777 aircraft on Wednesday, September 11, suggest the South African government is displeased.
This may be connected to why there were a lot of challenges before the evacuation due to xenophobic attacks eventually succeeded.
The flight which was scheduled for 9 am did not depart the OR Tambo International Airport until 4 pm, following various obstacles reportedly imposed by the South African airport and immigration officials. [Read more](
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[buhari](
Buhari challenges APC leadership, governors on survival of APC
President Muhammadu Buhari on Friday, September 13, challenged the leadership of the All Progressives Congress (APC) and the APC state governors on the need to institutionalise the party to guarantee its survival beyond the end of his tenure in 2023.
The president gave the challenge when he received APC governors who were in the State House, Abuja, to congratulate him on the Wednesday Presidential Election Petitions Tribunalâs judgment which upheld his election. [Read more](
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[cbn-and-fraud](
CBN mandate banks to set up fraud desk
Due to the high level of fraud cases within the banking sector, the Central Bank of Nigeria (CBN) have issued a directive to all financial institutions about incorporating a fraud desk in their systems.
This information was based on a series of tweets by a social media user.
According to him, when such issues occur, individuals should take it upon themselves to forward a complaint to their respective banks. [Read more](
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[Chief-of-Army-Staff-Buratai-feat](
Buratai implores Nigerians to stop glorifying criminals
Chief of Army Staff, Lt.-Gen. Tukur Buratai has called on Nigerian to stop glorifying and giving undue publicity to criminals and terrorists through social media and propaganda.
Col. Sagir Musa, Acting Director, Army Public Relations, in a statement on Friday, September 13, in Abuja, said that Buratai made the plea at the Headquarters of Operation Lafiya Dole in Maiduguri while visiting troops in the Northeast on Friday. [Read more](
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[Fashola](
Fashola says investment in human capital development crucial to poverty reduction
Works and Housing Minister, Babatunde Fashola has said that massive investment in human capital development was âvery crucialâ to poverty reduction.
âIt is important to invest in the development of personnel; there are competing demands for governmentâs limited resources, but we shall continue to pay special attention to human capital development,â Fashola said on Friday. [Read more](
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[Abubakar-Malami](
Malami reveals FGâs plan to ensure justice to all Nigerians
Attorney General of the Federation and Minister of Justice, Abubakar Malami, says the Federal Government is determined to ensure that every Nigerian, especially the downtrodden, has unfettered access justice.
Malami disclosed this on Friday, September 13, while declaring open, a two-day Management Retreat for management and state heads of Legal Aid Council (LAC) Nigeria, themed, âRepositioning Legal Aid Council for Better Serviceâ at Riverton Hotel, Lokoja. [Read more](
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[cyclone-nine](
Bahamas: New cyclone threatens Hurricane Dorian relief efforts
A tropical cyclone carrying heavy rain and strong winds has neared the already devastated Bahamas, threatening to complicate Hurricane Dorian recovery efforts as the UN secretary-general arrived in the islands in a show of support.
The new weather system, known as Tropical Cyclone Nine, could continue to strengthen into a tropical storm, dropping up to 15cm (6 inches) of rain through the weekend in areas of the islands inundated by Dorian, according to the Miami-based National Hurricane Centre. [Read more](
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[huffman-jailed](
'Desperate Housewives' star Huffman jailed over college admissions scandal
âDesperate Housewivesâ star Felicity Huffman was sentenced yesterday to 14 days in prison for paying $15,000 (â¬13,500) to rig her daughterâs SAT scores in the college admissions scandal that ensnared dozens of wealthy and well-connected parents.
Huffman (56) became the first of 34 parents to be sentenced in the case. She was also given a $30,000 fine, 250 hours of community service and a year of supervised release.
Before sentencing, she tearfully described her daughter asking why Huffman didnât trust her. [Read more](
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[Technology](
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[apple](
Apple says Disney's Bob Iger resigned from board of iPhone maker
Walt Disney Co Chief Executive Officer Bob Iger resigned from Apple Inc's board, a sign of increased competition between the entertainment and technology giants.
Apple said in a Friday regulatory filing that Mr Iger quit on Tuesday. He had served as a director since 2011 and was a friend of Steve Jobs. The Apple co-founder was also a Disney board member until he died in 2011. The duo appeared on stage more than a decade ago to announce an iTunes partnership. [Read more](
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[wework-IPO-revamp](
WeWork overhauls corporate governance in bid to save IPO
WeWork announced it would appoint a lead independent director by the end of the year and reduce the voting power of co-founder Adam Neumann, bowing to investor pressure as the shared workspace provider battles to dispel scepticism ahead of its initial public offering.
The group said on Friday that it would reduce Mr Neumannâs outsize control of the company by cutting his voting rights from 20 votes a share to 10 and cancel the supervoting shares entirely in the event of his death. [Read more](
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September might not be the best month to stay in Lagos
[ELLA](
September is here When it seems as if there is nothing else to complain about in Lagos, the list magically elongates to include a new topic backed by solid arguments.
In case youâre just realising it, Lagos State is a special type of tiring.
When we rounded up the month of August, it seemed as if we had struck a delicate balance between all the previous madness and some gentle progress. [Read more](
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[Sport](
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[Osimhen](
Osimhen on target in Lille 2-1 home win against Angers SCO
Nigeria forward Victor Osimhen was on target as Lille Metrople recorded a 2-1 home win against Angers SCO in their French Ligue 1 clash at the Stade Pierre-Mauroy on Friday, September 13.
Osimhen, who received a yellow card in the 36th minute put the home team ahead three minutes later.
Also Read: Gernot Rohr loses mum, NFF commiserate
It was Osimhenâs fifth goal in five league appearances for the club.[Read more](
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[Neymar](
Neymar back for PSG after Barca transfer saga
Neymar is available to play for Paris St Germain after being left out of their squad as negotiations took place over a potential return to Barcelona, coach Thomas Tuchel said on Friday, September 13.
The Brazilian is likely to make his first appearance of the season for the Ligue 1 leaders at home against Racing Strasbourg on Saturday.
Barca spent the bulk of the close season negotiating with PSG to bring Neymar back to the Camp Nou, two years after he left for a world record 222 million euros ($245 million) but the Catalans failed to strike a deal with the Ligue 1 champions. [Read more](
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[Health](
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[fight-or-flight-response](
Fight-or-flight: Do our bones play a part?
Adrenalin and cortisol drive our fight-or-flight response. Or so we thought until now. A new study points the finger at the bone molecule osteocalcin as being a central player in this survival mechanism.
The acute stress response, or the fight-or-flight response, is a survival mechanism. It allows animals to react quickly to threatening situations.
In humans, a familiar adrenalin rush accompanies the feeling of danger. We prepare to fight off the imminent threat; or escape from it before our bodies and minds calm down and return to a resting state. [Read more](
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[female-bonobos-grooming-each-other](
Why do female bonobos have more sex with each other than with males?
Bonobos have some unique social habits that make them highly fascinating to zoologists. One of these habits is the females' favorite pastime: sex with each other. Why is same-sex sexual behavior so important to these females?
Some people refer to bonobos as "the hippie apes."
Bonobos are a now endangered species of great ape. They live in the forests of the Democratic Republic of Congo. [Read more](
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[Eddie-Money](
Veteran singer, Eddie Money dies at 70
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Marital Intimacy: Where to have sex
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