The Nation Newspaper Emergency Economic Bill targets tax reform, job creation, others
An Executive Bill targeted at providing emergency solutions to the nation’s prevailing economic challenges will receive an accelerated hearing when presented bfore the Senate, the Red Chamber assured at the weekend.
According to the Senate, there is a need to enhance public spending efficiency by “tackling corruption in government spending in order to provide commensurate fiscal exchange to citizens and boost tax morale.” It said: “The situation where many agencies of government are involved in collecting taxes and new laws continue to make it the responsibility of these agencies to collect taxes should be halted, through a legislative resolution.“There is a need to review the tax waiver policy to ensure it is aligned with the revenue mobilization drive of the government by making the waiver process more transparent and accountable.
“These guidelines should be based on objective criteria, such as the institution’s verified operating costs and investment needs by the relevant authorities and committees of the National Assembly.
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