A presidential aide, Tolu Ogunlesi, has approached former Central Bank of Nigeria Deputy Governor and presidential candidate Kingsley Moghalu on his plan to abolish multiple taxation if he becomes Nigeria’s president in 2023.
The presidential hopeful had, while selling his plans to Nigerians on his Twitter page on Thursday, said his government would cut taxes and abolish “multiple taxation including informal”.
As well as abolishing multiple taxation, he said his government, when it takes office in 2023 if elected, will ensure that those “who should pay tax but don’t, actually pay “.
He wrote: “As President of Nigeria from 2023, my Government will reduce taxes and abolish multiple taxation (including informal) of overburdened small businesses, but will endeavor to ensure that many millions of people who would have to pay taxes but don’t do it, actually pay. Many more people paying reduced taxes will.
But reacting to the plan, Ogunlesi who responded below the tweet, asked the presidential hopeful to explain how he (Moghalu) plans to abolish informal sub-national taxes in a federal system.
“Prof, how do you plan to ‘abolish’ informal SUB-NATIONAL taxes in a Democratic federal system?” Ogunlesi tweeted.
However, Moghalu replied that he planned to reform the federal tax system and would work with the states through the National Economic Council.
He wrote, “We will reform the federal tax system and work with states through the National Economic Council as part of a national approach to a national vision for the economy without removing powers from subnational units.”
Prof, how do you plan to “abolish” informal SUB-NATIONAL taxes in a federal Democratic system?
— tolu ogunlesi (@toluogunlesi) April 28, 2022
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