An Economist, Bismark Osei has opined that for the country to increase its revenue generation schemes, it should consider implementing schemes that will rope night businesses into the tax net.
Mr. Osei argued that close to 100 per cent of the businesses that operate only at night operate without paying any taxes at all to the government thus in the government’s attempt to increase internally generated revenues, it should engage the services of more tax collectors under the Ghana Revenue Authority. This would mean that GRA would be able to tax businesses round the clock by running shifts.
He said this while speaking on A1 Radio’s Day Break Upper East. “To me, GRA should work for 24 hours. It is an institution that should have a three-tier system of running its operations. They can even get taxes from the night economy. Yes, GRA meets its target, but the target is too low,” he said.
Mr. Osei said GRA should be raising revenues of between 80 and ghc 100 billion stressing that this could only be achieved if it decides to turn its attention to the virtually untouched “businesses that come to life in the night”.
Related Stories:
- Disregard Prez Akufo-Addo’s comments about conspiracy by credit agencies against Africa – Economist
- Cut frivolous, needless, profligate expenditure; it is disgusting – Economist to govt
- 1.5% E-levy still too high – Economist
“There should be a morning shift, afternoon shift and night shift. People work at night, how do they track these businesses?” he asked.
A1radioonline.com|101.1 MHz|Mark Kwasi Ahumah Smith |Bolgatanga|Ghana
