Planned increase in VAT anti-people, anti-development – Labour vanguardngr.com vanguardnews
Organised Labour has on Friday rejected government planned increase in Value Added Tax, VAT, from 5 % to 7.2 %, describing the planned increase as anti-people and anti-development.Speaking through the Union Labour Congress of Nigeria, ULC, Labour asked government to jettison the plan as it would not only weaken the citizens purchasing power, but also would worsen the poverty level in the country.
“ULC views this proposed hike as one of those actions of government that are not founded on making positive impacts on the lives of the masses of Nigeria. The consequences of this hike on the lives of Nigerians that are already suffering horrendous deprivations as a result of ill-thought out programmes of various governments is dire and is capable of exacerbating the poverty that has ravaged the peoples of our nation.
“ULC is worried that a government that has put all manners of challenges on the path to paying the new minimum wage of N30,000 to Nigerian workers would find it so easy to foist further hardship on the same workers and peoples. This proposal cannot find any reasonable explanation as it cannot be anchored on any plausible economic objectives. We had felt that the people are taxed more when the government has created the ambience for continuous wealth creation within the nation.
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