News

Tax reforms pro-poor, here to stay, says Tinubu

Tax reforms pro-poor, here to stay, says Tinubu

 

President Bola Tinubu has said the tax reforms initiated by his administration are here to stay.

He stated this during the presidential media chat on Monday, adding that the new tax deal is pro-poor people.

Tinubu also said the tax reforms were initiated to “eliminate colonial-based assumptions” in the country’s tax environment.

Nigeria, he said, would not continue to use old methods in today’s economy.

The President said those calling for more consultations on the tax reform bills would still do so even if he delayed the presentation.

“Tax reform is here to stay. In today’s economy, we cannot continue to do what we were doing in the past. We can’t retool with old and broken folks,” he said.

“The essence of tax reform is to eliminate colonial-based assumptions in our tax environment

“Every tax situation without outcry is not a tax. You can’t satisfy uniformly the largest community of tax evaders. Look at this tax reform; it is pro-poor. The vulnerable are not to pay taxes.

“The hallmark of a good leader is the ability to do what you have to do at the time it ought to be done. That is my philosophy.”

Trends Admin

Recent Posts

Arrest Abuja, Anambra palliative organisers or set those in Ibadan free — MURIC

Arrest Abuja, Anambra palliative organisers or set those in Ibadan free — MURIC An Islamic…

6 hours ago

Kidnappers kill 10yr-old-boy after N150,000 ransom payment

Kidnappers kill 10yr-old-boy after N150,000 ransom payment A 10-year-old boy, Tasi’u Abdullahi of Rikkos community of…

10 hours ago

[UPDATED] I never lied, truth is my weapon against injustice – Dele Farotimi declares after release

[UPDATED] I never lied, truth is my weapon against injustice – Dele Farotimi declares after…

10 hours ago

Luxury bus owners begin 50% fare discount, hail Tinubu palliative

Luxury bus owners begin 50% fare discount, hail Tinubu palliative   Luxury bus owners have…

10 hours ago

Court sentences man to death for murdering friend over debt

Court sentences man to death for murdering friend over debt The Akwa Ibom State High…

11 hours ago

Four given jail terms for Amsterdam violence against football fans

Four given jail terms for Amsterdam violence against football fans Four rioters have been given…

11 hours ago