Ranking Member on Parliament's Finance Committee, Dr Cassiel Ato Forson, has reiterated that the National Democratic Congress (NDC) is strongly against the passage of the controversial electronic levy (e-levy).
According to him, the NDC is not against taxation, but this particular tax they believe is "regressive and punitive" in nature.
"My position against this tax is not personal but based on sound technical reasons. As a tax professional, I cannot sit for this tax policy to go through without drawing government's attention to the negative effect on the economy."
He stressed that the tax will lead to the creation of deadweight losses within the economy.
"That is why I’m pointing to our Minister responsible for Finance to rethink," he asserted.
The Ranking Member on Parliament's Finance Committee was speaking on the floor of Parliament during a sitting to debate on the controversial e-levy.
With the opposition comparing the e-levy to other mobile tax systems in other European countries, Dr Ato Forson stated categorically that such tax systems are different from the e-levy.
"In the last few days, I’ve read around, and I’ve heard some of our colleague ministers saying that this tax is equivalent to digital service tax in somewhere England. For the records, this is not a digital service tax.
"This is a tax on mobile money. The UK does not operate a mobile money tax system. And nowhere in Europe do they charge a tax on the mobile money system. The tax before us is nothing but a tax on mobile money," he lamented.
Latest Stories
-
Herman Suede is set to release ‘How Dare You’ on April 24
2 hours -
Heal KATH: Kuapa Kokoo, Association of Garages donate 120k to support project
2 hours -
KNUST signs MOU with Valco Trust Fund, Bekwai Municipal Hospital to build student hostel
2 hours -
The influence Ronaldo has on people, Cadman Yamoah will have same on the next generation – Coach Goodwin
3 hours -
Gender Advocate Emelia Naa Ayeley Aryee Wins prestigious Merck Foundation Awards
4 hours -
South Africa bursary scandal suspects granted bail
4 hours -
Ecobank successfully repays $500m Eurobond due April 18
4 hours -
Re: Doe Adjaho, Torgbui Samlafo IV, call for Unity among Paramountcies in Anlo
4 hours -
Extortion and kidnap – a deadly journey across Mexico into the US
4 hours -
Rihanna says fashion has helped her personal ‘rediscovery’ after having children
5 hours -
Development Bank Ghana targets GH¢1bn funding for commercial banks in 2024
5 hours -
Shatta Movement apologises to Ghana Society of the Physically Disabled after backlash
6 hours -
Sammy Gyamfi writes: Tema-Mpakadan Railway Project; A railway line to nowhere
6 hours -
Bright Simons: Is the World Bank saving or harming Ghana?
6 hours -
CAF Cup: RS Berkane banned from entering Algeria because of a map of Morocco with its Sahara
7 hours