The chairman of the Presidential Taskforce on Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele has proposed a tax exemption for poor, vulnerable people and believes the country does not need to increase taxation to generate revenue.
Oyedele stated this in an interview on Channels TelevisionsPolitics Today.
He said, Sadly, the system we have today is trying to tax everything and everybody. You know, if it moves, tax it; if it moves again, tax it even more. That seems to be the approach we have today.
You would imagine that those who are selling sachets of water, which we call pure water, how much possibly can be their capital plus profits.
With all the hard work, people are just trying to see if they can find N800 or N1,000 a day to take care of themselves and their families, which would cover their transport or feeding.
