88% Of Business Leaders Believe Government Taxes Are Too Many – KPMG survey
Eighty-eight per cent of business leaders surveyed by accounting and auditing firm, KPMG, have revealed that the government takes too many taxes and yet there is little to show for these taxes.
Again, 51.4 per cent of the respondents want that the Electronic Transaction Levy (e-levy) reviewed.
Furthermore, petroleum and import duties/levies were singled out as taxes that needed to be reconsidered in order to reduce the rising cost of doing business.
They also urged government to reduce the number of ministers, scrap ex-gratia and make it a one-time payment when leaving office and not pay ex-gratia after every four years, whilst import duties should be quoted in cedis, and not dollars.
They also appealed to the government to stop the extension of the 5 per cent National Fiscal Stabilisation levy. https://www.myjoyonline.com
