Scrap e-levy; introduce automobile tax – Prof. Ebo Turkson
Source: avea1tv
Assoiate Professor for Development Economics on the University of Ghana, Professor Ebo Turkson, has referred to as at the authorities to scrap the e-levy at once.
According to him, he became amazed the levy even made it into the Finance Minister’s Mid-Year Budget Review.
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Speaking on JoyNews’ PM Express, he said that he has motives for the scrapping of the taxes. These encompass, the need for telecommunication groups to grow their income, and the second is to reintroduce antique tax regimes that had super potential.
He said, “The telcos once they have a drop in the variety of customers that use the e-levy, it has implications for his or her profitability. And in case you take benefit from them, company taxes on their earnings, that will mean that government is even going to get less taxes from the telcos.
“We have to as a substitute support the telcos and Ghanaians to make more use of the digital technology after which the telcos the services that they offer, let the telcos do very well, make more profits after which we tax the profits. We shouldn’t discourage human beings from the use of their offerings due to the fact they provide a whole lot of resources for our economic system as nicely.”
His second factor turned into that a automobile tax ought to be added.
This tax, much like the scrapped luxury vehicle tax, have to now not simply target the rich elegance but all and sundry with a automobile in popular.
According to him, the luxurious car tax failed because wealthy folks that the tax without delay affected had been capable of persuade their pals in authorities to scrap it.
He explained that after the tax influences every person, the resistance to the tax will no longer be as sturdy.
“How many automobiles will we have in Ghana? Let’s take a discern of five million cars. If every 12 months, each vehicle is paying four hundred cedis as part of the roadworthy… If you don’t pay you do no longer have road worthy. It become as it changed into simplest a category of people who had been paying the ones taxes, who had been influential who were given that tax to be removed.
“That shouldn’t had been removed. If we’re disposing of the street tolls and we need cash to fund our avenue infrastructure every automobile in this usa in a yr whilst it goes for its road worth should pay.”
Tags: E-Levy Professor Ebo Turkson
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