Finance ministry failed to deduct tax on Ghc2.5m Judgment Debt

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cha 12 years ago

These jokers will be held accountable oneday

These jokers will be held accountable oneday
Gye Nyame 12 years ago

C'mon people this is Taxation 101. I bet there was some "kululu" involved to dupe the country. This is really really sad.

C'mon people this is Taxation 101. I bet there was some "kululu" involved to dupe the country. This is really really sad.
Dallas 12 years ago

Masser gye nyame, the 'kululu' work was done by your stinking npp looting brigate led by the commander of kick-backs, H.E Prez. J. A Korunfour. So why jail NDC thieves when your NPP thieves are the culprits?

Masser gye nyame, the 'kululu' work was done by your stinking npp looting brigate led by the commander of kick-backs, H.E Prez. J. A Korunfour. So why jail NDC thieves when your NPP thieves are the culprits?
Gye Nyame 12 years ago

You seem to be stuck on some partisan stupidity. Taxes are deducted by a government worker(s) and not a party official. I could care less if the person was NPP, NDC or what alphabet soup you want to make – the result is the ...
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You seem to be stuck on some partisan stupidity. Taxes are deducted by a government worker(s) and not a party official. I could care less if the person was NPP, NDC or what alphabet soup you want to make – the result is the same -- Ghana suffers.
OLD SOLDIER 12 years ago

Author:...OBAA YAA...

OOO FATHER FORGIVE HIM FOR HE KNOWS NOT WHAT HE IS DOING.
A hallmark of any incompetency is an excuse, which by the way is a trademark for Mahama’s Administration an extension Mill’s inability to ...
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Author:...OBAA YAA...

OOO FATHER FORGIVE HIM FOR HE KNOWS NOT WHAT HE IS DOING.
A hallmark of any incompetency is an excuse, which by the way is a trademark for Mahama’s Administration an extension Mill’s inability to perform until his untimely death. Here we go again, putting the plight of suffering Ghanaians into different motions. How long can we wait until you move to your fourth gear?
kofi yesu 12 years ago

what a corrupt people the nation ghana has built

what a corrupt people the nation ghana has built
Dallas 12 years ago

Masser Cha, the 'kululu' work was done by your stinking npp looting brigate led by the commander of kick-backs, H.E Prez. J. A Korunfour. So why jail NDC thieves when your NPP thieves are the culprits?

Masser Cha, the 'kululu' work was done by your stinking npp looting brigate led by the commander of kick-backs, H.E Prez. J. A Korunfour. So why jail NDC thieves when your NPP thieves are the culprits?
AB 12 years ago

You see Chronicle you cant fool anyone. When the then MD came to the Commission, he said clearly that they took the money from New World Vision in 2001, for their operations. So how that you are reporting that the non deducti ...
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You see Chronicle you cant fool anyone. When the then MD came to the Commission, he said clearly that they took the money from New World Vision in 2001, for their operations. So how that you are reporting that the non deduction of tax was not detected until 2001. Clearly I can see where you want the blame to go, but we all monitor these going on at the Judgement Debt Commission. Until Ghanaian reporters are bold enough to report the truth, and not trying to only try to paint only one side guilty, nothing will come out of this Commission's work.
NA 12 years ago

For lack of knowledge my people perish. Whether intentional or out of negligence, it remains pathetic.

For lack of knowledge my people perish. Whether intentional or out of negligence, it remains pathetic.
OmanheneU$A 12 years ago

Has Ghana become soooooooo GULLIBLE, that even an ANT can sue us and claim judgment debt? What's wrong with us?? The more I read about these many judgment debts, the more I get ANGRIER at our officials and also saddened for o ...
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Has Ghana become soooooooo GULLIBLE, that even an ANT can sue us and claim judgment debt? What's wrong with us?? The more I read about these many judgment debts, the more I get ANGRIER at our officials and also saddened for our country.

Why is it so easy to get these huge sums of money from Ghana, money that could have been otherwise used to help with our development, just like taking a candy bar from a 3-year old child? WHERE DID WE GO WRONG and HOW CAN WE PUT A STOP TO IT OR CURTAIL IT?

Are we not becoming a laughing stock around the world? Can our officials check with neighboring countries whether they're are also paying judgment debts through the nose like Ghana? When the hell will this foolishness stop? Isn’t money all that hard to come by, so why are we dishing it out recklessly like that?

I’ve requested it once and will request it again: That the Judgment Debt Commission should be boosted up with TWO (2) more judges to help Justice Apau, because, Amanfuo, this seems to be a damn serious business, and too much blood sucking from Ghana, that one judge can’t handle adequately and prescribe laudable and workable solutions.
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kofi yesu 12 years ago

how i wish i were in the military i would have taken my gun and a whole lot of these politicians

how i wish i were in the military i would have taken my gun and a whole lot of these politicians
Kwame Wiredu 12 years ago

Finally I have to say it.
i am really sad and sorry and ashamed that I am a Ghanaian and african for that matter!!!
We are inferior human beings who are not capable of running our own affairs.My dilemma right now is to figu ...
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Finally I have to say it.
i am really sad and sorry and ashamed that I am a Ghanaian and african for that matter!!!
We are inferior human beings who are not capable of running our own affairs.My dilemma right now is to figure out whether god created us that way or we just acquired that trait
Modibo Keita 12 years ago

How come, this is part of the creating , looting and sharing we have all been talking about.

How come, this is part of the creating , looting and sharing we have all been talking about.
Jeff, UK 12 years ago

So where is the supplier who failed to supply the sugar and why wasn't the money recovered if payment was effected but there was no delivery of the sugar

So where is the supplier who failed to supply the sugar and why wasn't the money recovered if payment was effected but there was no delivery of the sugar
peace 12 years ago

this is mahama and ndc

this is mahama and ndc
DUKE 12 years ago

These so called leaders of Ghana have not got the will, ability, skills, capacity, intelligence, honesty, integrity to manage a small country of 25 million people with the vast resources we have.

The leaders have turned Gh ...
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These so called leaders of Ghana have not got the will, ability, skills, capacity, intelligence, honesty, integrity to manage a small country of 25 million people with the vast resources we have.

The leaders have turned Ghana into an economic HAREM where every tax payer, citizen is raped several times in a year without any complaint from the people; they just lie down and take whatever is dished out to them; no protests in the streets like they do in Lybia, Tunisia and Egypt and die for a cause.

Ghanaians are cowards; they just lie down and take the shit from the politicians and all people like JJ Rawlings do is to make noises and generalisation without presenting the facts and names of people he purports to know are corrupt.

That is your lot Ghanafo; you have all become like Ennuchs in the old Arab harems; castrated to the point of being ineffective when the beautiful women are in the HAREM because they can't get it up totally castrated, physically, emotionally et al, by this gang of a planning, looting and sharing brigade.
mohammed 12 years ago

Ghanaian abroad must be allowed their citizenship back to contest and build this country as they are experiencing abroad. We cannot rely on this kind of feeble minded people who have no sympathy no loyal to the Country and pa ...
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Ghanaian abroad must be allowed their citizenship back to contest and build this country as they are experiencing abroad. We cannot rely on this kind of feeble minded people who have no sympathy no loyal to the Country and pass stupid laws that says because of divided loyalty ghanaians abroad must relinquish their ties abroad in order to participate to fix the Country. Is this what you mean by loyal citizens? it is sad.
dan 12 years ago

YOU AFRICANS ARE MENTALLY ENSLAVED TO THE POINT YOU REFUSE TO THINK ANY MORE. THE BEHAVIOUR OF YOUR LEADERS LEADS ONE TO THINK AGAIN ABOUT WHAT THE RACIST RHODESIAN LEADER, IAN SMITH ONCE SAID. 'AFRICAN MAJORITY RULE? NOT IN ...
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YOU AFRICANS ARE MENTALLY ENSLAVED TO THE POINT YOU REFUSE TO THINK ANY MORE. THE BEHAVIOUR OF YOUR LEADERS LEADS ONE TO THINK AGAIN ABOUT WHAT THE RACIST RHODESIAN LEADER, IAN SMITH ONCE SAID. 'AFRICAN MAJORITY RULE? NOT IN A 1000 YEARS' Sounds prophetic, isn't it
mohammed 12 years ago

If it is GNPA mandate to import sugar why could GNPA borrow from the local banks to support them? when it borrowed and imported the sugar where is the profits and why could n't GNPA paid back? I cannot understand what has be ...
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If it is GNPA mandate to import sugar why could GNPA borrow from the local banks to support them? when it borrowed and imported the sugar where is the profits and why could n't GNPA paid back? I cannot understand what has been going on in ghana. why is it that Looting state institution has been the order of our democratic dispensation? We need democratic revolution Mahama, at least you have started this forum and we expect more from you. Retrieve all this money for development and ban al convicted culprits from public offices. or jail them if their confiscated assets auctioned cannot pay off with the interest. This will sent a corruption shock to the nation and reform the system whiles you get your development and re-election easy and smooth. Show or prove that a northerner can do it better no need for a coupe.
boss 12 years ago

Sometimes, people are so stupid. Why should withholding tax be deducted. If they owned taxes, then the money could be used to defray the taxes. This is a straight borrow and repayment proceeedure. Why withhold taxes.

Sometimes, people are so stupid. Why should withholding tax be deducted. If they owned taxes, then the money could be used to defray the taxes. This is a straight borrow and repayment proceeedure. Why withhold taxes.

kuluulu 12 years ago

pay the judgement debts and collect it back as taxes. hmnn!

pay the judgement debts and collect it back as taxes. hmnn!
SULE 12 years ago

That is the face of a typical NDC incompetent. They are all inept and reckless thieving corrupt politicians. Vote them out in 2016.

That is the face of a typical NDC incompetent. They are all inept and reckless thieving corrupt politicians. Vote them out in 2016.
SHAKARA 12 years ago

MOST OF OUR HARD-WON FUNDS GOES INTO SERVICING JUDGEMENT DEBTS.

MOST OF OUR HARD-WON FUNDS GOES INTO SERVICING JUDGEMENT DEBTS.
Kanewu 12 years ago

Find the list access the tax for all to pay Taxes never expire.

Find the list access the tax for all to pay Taxes never expire.
Idi Amin Mobutu Mokassa Jr. 12 years ago

Who owns NWS? Who were the suppliers who failed to deliver the sugar? How much did GNPA pay these suppliers that caused it to default on the loan repayments to NWS? Have these suppliers refunded whatever money they received p ...
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Who owns NWS? Who were the suppliers who failed to deliver the sugar? How much did GNPA pay these suppliers that caused it to default on the loan repayments to NWS? Have these suppliers refunded whatever money they received plus interest? Why is even the government involved in importing sugar when private entrepreneurs are out there? Too many issues are involved in this saga that don't make economic sense.
Ken Ntiamoa 12 years ago

What does Ghana's tax law say about judgment debts? In the West, when a person or a business entity sues a company, a government or
another person and wins, the amount payable is received tax free. It is not a normal busines ...
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What does Ghana's tax law say about judgment debts? In the West, when a person or a business entity sues a company, a government or
another person and wins, the amount payable is received tax free. It is not a normal business income and therefore not taxable. For example, if you are involved in a car accident and you sue your insurance company, you do not pay tax on the money you receive as a result of the judgment. The lawyer who helped you case will however be liable to pay tax on the fee that he gets from you because legal fees are taxable. So, before we go about blaming others, we have first find out from our tax code, if judment debts are taxable. I am aware that Ghana's tax laws allow for witholding taxes on payments to foreigners. Witholding tax is quite a different animal from income taxes. Withholding taxes are very normal in international business transactions when a foreigner goes into a foreign country does some business and makes an income that is to be transferred out of the country. For example, there a lot of American owned companies in Canada. The American owned company operating in Canada pays normal income taxes from profits. In addition, any part of the after tax income that is transferred from Canada to the US attracts additional taxes called witholding tax, normally, about 25% of the amount to be transferred.

It is my opinon that Ghana may have similar tax laws. That is, the judgment debt itself may come tax free but if and when the funds paid are to be transferred out of the country, at that time, the withholding tax portion, what ever it is, would then be withheld.

We should not therefore balme the deapartment that paid the judgment debt. But rather, we should find out if the funds were transferred out of the country and if witholding taxes were held at the time of transfer.

Ken

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Finance ministry failed to deduct tax on Ghc2.5m Judgment Debt

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