Tax Reform Bills: Experts Call For Restraint, Patriotism As Controversy Rages
Story/Photo Credit: channelstv.com
As the controversy over the Tax Reform Bills continues to rage, experts have weighed in, calling for restraint and patriotism among Nigerians.
Since their introduction – they have been sent to the National Assembly – the bills have attracted criticism in several parts of the country.
Some claim they are targeted against the northern region with millions arguing they will overburden Nigerians.
But the experts who were featured on Channels Television’s Special Town Hall over the Tax Reform Billsbeamed the searchlight on the bills, clarifying some knotty issues and providing solutions to others.
Some of the persons featured on the show included the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee Taiwo Oyedele, and a former Speaker of the House of Representatives Yakubu Dogara; the Group CEO of Global Investment and Trade Company, Baba Yusuf; Public Affairs Analyst/ Writer, Micheal Chibuzor and a former President of the Institute of Chartered Accountants of Nigeria.
The governor of Nasarawa State Abdullahi Sule phoned into the programme and said governors are not against the bills but only want clarification.
‘Let Us Discuss’
“The issue of increasing the VAT from 20 per cent to 60 per cent at the point of generation, and I am happy that Taiwo said it has now changed not just at the point of generation but also consumption, that is fine.
“Those were some of the issues mentioned by the governors. The governors said, you know what, why don’t you withdraw the bills, let us discuss it, let us understand it,” Governor Sule said.
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