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Home Business

Too much tax; a catalyst for job losses – Tax analyst

Gov’t Must Revalue Property Taxes In Plush Areas – Taxation Expert
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Tax Analyst and the Executive Director for Revenue Mobilisation Africa, Geoffrey Ocansey has said that every country develop through tax mobilization but sometimes too much tax becomes a burden on people and business.

Speaking to Ohene Kinnah on Plan B Fm late afternoon show ‘Ebaanosen’  in reaction to the call from Labour Unions calling on the government to take a critical look at taxes during this year’s May Day celebration at Bolgatanga in the Upper East Region.

Mr. Ocansey explained that, although he is not against taxes, but too many taxes on businesses in the country will compel business owners to lay off workers to cut down production costs.

“The government continue to burden businesses with taxes, i remember this government said they will move this country from taxation to production, what has happened?”

He said the government is continuing to introduce taxes but has refused to do the needful by cutting down its expenditure

“In 2022 alone Ghs51 million fuel allocation at the presidency was too much.”

He stressed that the government’s inability to fight corruption and recoup the stolen funds from government appointees is also another aspect that has crippled the country’s finances.

Source: Maxwell Ohene Addo/Planbfmonline.com
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