President Tinubu Plans To Increase Taxes? Real Fact Emerges
- President Bola Tinubu has dismissed the report that his administration was planning to increase the taxes that Nigerians pay to the Federal Government
- Taiwo Oyedele, the chairperson of the presidential tax reform committee, denied the report while reacting to the claims on Tuesday
- According to Oyedele, what the government was trying to do was reduce the over 60 taxes paid through different agencies to a single-digit
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FCT, Abuja - The report that President Bola Tinubu has plans to increase the taxes Nigerians pay to the coffer of the federal government has been dismissed.
Taiwo Oyedele, the chairperson of the presidential committee on fiscal policy and tax reforms, in his reaction to the unconfirmed reports on Tuesday, August 15, said the government did not have any plan to increase the taxes., The Nation reported.
Source: Twitter
According to the tax expert, President Tinubu's administration proposed reducing the over 60 official taxes to a single-digit tax number.
Oyedele further noted that the primary goal was to cut the number to a single digit to make it possible that there won't be any need to pay more than 10 taxes across all levels of government.
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President Tinubu proposing single-digit tax reform
His statement reads in part:
“We are confident that this is possible with the support of everyone, and we will continue to do what we can to close the tax gap to generate revenue instead of increasing taxes.
“We have the inaugural meeting of the committee and workshop next week Tuesday, and more information will be provided to the public afterwards.”
President Tinubu, on Tuesday, August 8, inaugurated the Presidential Committee on Fiscal Policy and Tax Reforms, among which was Orire Agbaje, a final year economics student at the University of Ibadan (UI). They were inaugurated at the presidential villa in Abuja.
APC Crisis: President Tinubu sent "disturbing details" over Muslim-Muslim
Legit.ng earlier reported that the APC's former deputy national vice chairman for North West, Salihu Mohammed Lukman, has expressed worries over President Bola Tinubu's administration.
In an open letter to the president, Lukman said some "disturbing signals in the early months of the administration of President Tinubu had created some tension.
According to Lukman, the imposition of Muslim-Muslim leadership on the APC has created tension among members of the party.
Source: Legit.ng
