only state that can survive if crude oil supply – the mainstay of
Nigeria economy- is shut down.
Governor Fashola, who was speaking during the state's sixth Taxation
Stakeholders Conference in Ikeja, said this was the case because the
government in the state had made it a policy to implement the laws on
taxation to the letter, which allows it to have funds for capital
project.
The governor said, "A life without tax is a lie. If they shut down on
oil, this is the only state that can survive. Everything that we have
done in the past six years was funded by our taxes… Since I became
governor, I have not made any tax law; only implementing the existing
laws on taxation."
The governor, however, observed that majority of the state residents
had not been paying their taxes, saying the government had started
prosecution to achieve higher percentage in tax compliance by
residents of the state: "While our population continues to grow, one
cannot see appreciable growth in tax. Our record shows thatonly three
million people are currently paying their taxes against eight million
that should pay tax… Since we have a population of 20 million people
in this state, it means that three million people are carrying the
burden of 20 million, instead of eight that should be doing so. In the
last four years, we have been doing enlightenment on the need to pay
tax; but now, we will prosecute."
Source: informationng.com
No comments:
Post a Comment