Home   >   Business   >   Business News   >   201411
Imposition Of 17.5% Petroleum Tax On Ghanaians Shows Clearly Govít Is Inefficient   
  << Prev  |  Next >>
Comments ( 0 )     Email    Print
President Mahama
Related Stories
General Secretary of Health Workersí Union (HSWU) of the Trade Union Congress, Mr. Abu D. Kuntulo has described the haste in which President Mahama-led government passed the Special Petroleum Tax bill as unrealistic and a mark of inefficiency.

The Finance Minister, Seth Terkper, on Wednesday submitted a bill to Parliament requesting the approval of a Special Petroleum Tax Policy which will see the introduction of 17.5% VAT on petroleum products.

Parliament has approved the controversial 17.5% Special Petroleum Tax bill by only the Majority Members of Parliament (MPs) after the Minority MPs staged a walkout during a debate on the bill.

Mr. Terkperís announcement has angered Ghanaians and the Minority in Parliament who say petroleum prices must be reviewed downward since crude oil prices on the world market has hit a record low.

Speaking to a reporter of Oman Fm during the 12 labor unions demonstration on Thursday, November 20, 2014, Mr. Abu Kuntulo considered the passage of the Special Petroleum Tax Policy as a sign of inefficiency of government.

ď17.5 per cent tax increment on petroleum is unrealistic and the imposition of tax on us shows clearly the inefficiency of this governmentĒ, he fumed.

Subsequently he assured that the Trade Union Congress (TUC) will soon make a strong statement on the Special Petroleum Tax Policy the government has imposed to Ghanaians amidst the general hardships in the country.
Source: Daniel Adu Darko/ Peacefmonline.com/gh [Email:[email protected]]

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video