Tax cuts not the solution – Ken Thompson

Read Comments Comments (5)

• Kofi Thompson 8 years ago

  How extraordinary. How does one expand the tax net other than lowering the tax rate to the point where it is not seen as a burden on the hardworking and enterprising?
  
  Who in Ghana will evade taxes that are seen by all as f ...
  read full comment

  How extraordinary. How does one expand the tax net other than lowering the tax rate to the point where it is not seen as a burden on the hardworking and enterprising?
  
  Who in Ghana will evade taxes that are seen by all as fair and not burdensome?
  
  When taxes are reasonable a majority of citizens and businesses see paying their taxes as their contribution to nation-building - and thus gladly pay their taxes regularly. That is a plus for the nation.
  
  And it is the political economy equivalent of a holy grail that those who govern our country must seek.
  
  Making all of the agricultural sector, not just cocoa-farming, tax-free, for example, will boost the sector swiftly - because its tax-free status will attract investment funds to seek opportunities in the agricultural sector.
  
  One would even go as far as saying that abolishing taxes on income in Ghana - and making all businesses owned by Diasporans tax-free undertakings - will boost Ghana's GDP growth for a long time to come, regardless of the global economic climate.
  
  I respect Ken Thompson a great deal but his view on tax cuts is most unfortunate.
  
  The loss of taxes resulting from tax cuts shouldn't hamstring the managers of the national economy if they are creative in their thinking.
  
  Can we not build our infrastructure through 35-year build operate and transfer PPPs - that give investors tax-free revenue incentives?
  
  Is that not how Benin is building its rail link from the coast to its landlocked neighbours to the north through a PPP with the French logistics giant Balore? Haaba.

  reply
• Kofi Thompson 8 years ago

  Typo:"Is that not how Benin is building its railway link from the coast to its landlocked neighbours to the north through a PPP with the French logistics giant Bolloré?"

  Typo:"Is that not how Benin is building its railway link from the coast to its landlocked neighbours to the north through a PPP with the French logistics giant Bolloré?"

  reply
• Koo 8 years ago

  Look at this fat haggard NDC looter. He should tell us how much he made from his brother in law deals. He and Tony Lithur have caused financial loss to the state.

  Look at this fat haggard NDC looter. He should tell us how much he made from his brother in law deals. He and Tony Lithur have caused financial loss to the state.

  reply
• Paa Joe 8 years ago

  OPAYIN EGYA THOMPSON,
  
  THE PRIVATE SECTOR CAN ONLY FLOURISH WHEN THE SO CALLED EDUCATED GHANAIANS WITH BIG DEGREES AND PHD TILTLES ACQUIRED AT HOME AND ABROAD CAN ÚSE TECHNOLOGY, SCIENTIFIC INNOVATION AND CREATIVITY TO PRO ...
  read full comment

  OPAYIN EGYA THOMPSON,
  
  THE PRIVATE SECTOR CAN ONLY FLOURISH WHEN THE SO CALLED EDUCATED GHANAIANS WITH BIG DEGREES AND PHD TILTLES ACQUIRED AT HOME AND ABROAD CAN ÚSE TECHNOLOGY, SCIENTIFIC INNOVATION AND CREATIVITY TO PROPEL ECONOMIC GROWTH AND TP STIMULATE EMPLOYMEMT OPPORTUNITIES,INCOME, CONSUMER SPENDING AND QUALITY OF LIFE IN GHANA.
  
  THE PRIVATE SECTOR DEPENDING ALONE ON EXPORT OF COCOA BEANS,NON TRADITIONAL PRPODUCTS, RAW MATERIAL AND BUYING AND SELLING WILL NEVER HELP THE NATION TO MEET ITS ECONOMIC DIFFICULTIES, CHALLEMGES, PROPNBLEMS AND EXTREME POVERTY IN THE COUNTRY.
  
  WITHOUT INNOVATION,YOUR NEWLY ELECTED PRESIDENT AKUFFP ADDO WILL ONLY HAVE TO CONTINUE TO TRAVEL ADDITIONAL BOUNDARIES TO BEG FOR AID,LOANS, GRANTS AND CREDITS FROM IMF AND WORLD BANK TO SRRVICE NATIONAL BUDGETS IN THE COUNTRY.
  
  HAVE YOU ASKED YOURSELF WHY GHANAIANS GO TO SCHOOL, LEARN AND TO HAVE UNIVERSITY EDUCATION.

  reply
• £earn_$martphones_Repairing 8 years ago

  January is almost gone. Are you yet to start something? Still confused about what investment options to choose for the year to maintain steady cash flow? Think about it -everyday, both the employed and the idle are hooked to ...
  read full comment

  January is almost gone. Are you yet to start something? Still confused about what investment options to choose for the year to maintain steady cash flow? Think about it -everyday, both the employed and the idle are hooked to one important device - their smartphones! That's an idea right?; with huge market potential! Turn it to money. Get "Mobile Phones and Tablets Repairs " from Amazon marketplaces, Barnes & Noble, eBay or the estore @ https://www.createspace.com/6165715 to learn more about this product. *Paul planted, Appollos watered BUT #God GAVE the increase! *

  reply