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Home Business

Repeal of e-levy will ensure principled based taxation – Prof. Gatsi

Efo Korsi Senyo | Executive Editor by Efo Korsi Senyo | Executive Editor
May 6, 2022
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John Gatsi

Prof. John Gatsi, Dean of University of Cape Coast School of Business

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The Dean of the University of Cape Coast, Prof John Gatsi has said “repealing statutes relating to taxation and institutional governance is not new especially when the repeal gives way to a more efficient, business-friendly and principled”.

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Explaining Raymond Acquah on JoyNews on Thursday 5th May 2022 , Prof John Gatsi said the repeal of the E-levy Act is doable to correct the unprincipled nature of the levy.

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According to him, “the rate and the threshold are secondary matters to the levy that the main issue is that it does not present fairness and above all taxes resources which should not be taxed.”

Prof. Gatsi explained that if the repeal is focused on making the levy principled and exempting certain transactions revenue losses will not be occasioned.

When asked whether the call by the NDC is mere politics, Prof Gatsi replied no adding that “politicians, in reality, don’t cancel taxes unless they have alternatives and that so long as the NDC is able to work on alternatives and ensure principled based levy to reflect the interest of Ghanaians, it is doable.”

For him, he doesn’t think the repeal of the e-levy Act means about GHS7billion revenue expectation emphasizing that ‘it is rather a lawmaking process to ensure revenues are generated based on principle and that it should be less burdensome and efficient.”

He said the repeal is based on winning the election 2024 and that the government has 2yrs to collect the levy if legal challenges are unsuccessful.

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Tags: E-levyJohn Gtasi
Do you have any article or news or story leads? Let Awake News energize that story for you. Send them to editor@awakenewsroom.com or WhatsApp: +233249155003 ========================
Efo Korsi Senyo | Executive Editor

Efo Korsi Senyo | Executive Editor

Efo Korsi Senyo has over 8years of experience working as an investigative journalist. He is the Executive Editor of Awake Newspaper, Awake Africa, and Head of Awake Investigations. Connect with him via senyo@amnafrica.com or WhatsApp: +233249155003

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