Improve Tax Net: Modified sales tax

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• Kofi Asante 1 year ago

  This is the kind of articles we want to read. I have been monitoring thisan from afar and I can say that he makes a lot of sense in his write ups. Kudos to you Dr. Faith Ababio-Twi.
  
  I don't know the political party you ar ...
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  This is the kind of articles we want to read. I have been monitoring thisan from afar and I can say that he makes a lot of sense in his write ups. Kudos to you Dr. Faith Ababio-Twi.
  
  I don't know the political party you are affiliated with I think President John Dramani Mahama should give you an appointment as an advisor to the Bank of Ghana Governor

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• ALL OF GHANA'S INFRASTRUCTURE PROJECTS ARE UNDERTAKEN WITH IMF/WORLD BANK AND OTHER LOANS, HEAPING UP DEBTS REPAYMENTS ON GENERATIONS OF POOR GHANAIANS. TAX REVENUES ARE LOOTED BY GHANA'S LEADERS.. 1 year ago

  DOES THIS TAX-OBSESSED FOOL LIVE ON ANOTHER PLANET? WHY ALL THESE WICKED TAXES. THE MORE TAXES YOU IMPOSE ON CITIZES, THE HIGHER THE INFLATIONARY TREND. CREATE THE CONDITIONS FOR REDUCING UNEMPLOYMENTNAND UNDER-EMPLOYMENT.
  
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  DOES THIS TAX-OBSESSED FOOL LIVE ON ANOTHER PLANET? WHY ALL THESE WICKED TAXES. THE MORE TAXES YOU IMPOSE ON CITIZES, THE HIGHER THE INFLATIONARY TREND. CREATE THE CONDITIONS FOR REDUCING UNEMPLOYMENTNAND UNDER-EMPLOYMENT.
  
  WHERE DO GHANA'S MANY NATURAL RESOURCES EXPORT REVENUES GO TO? GHANA IS ENDOWED WITH GOLD, DIAMONDS, BAUXITE, COCOA, LITHIUM, MANGANESE, TIMBER, ARABLE AGRIC LAND, OVER 12" AVERAGE ANNUAL RAINFALL, HIGH WATER TABLE, THE GULD OF GUINEA ALONG WHICH GHANA HAS ABUNDANT URANIUM AND PLUTONIUM RESERVES, ETC.
  
  ALL OF GHANA'S INFRASTRUCTURE PROJECTS ARE UNDERTAKEN WITH IMF/WORLD BANK AND OTHER LOANS, HEAPING UP DEBTS REPAYMENTS ON GENERATIONS OF POOR BANKRUPT GHANAIANS, WHILE GHANA'S LEADERS RETIRE ON THEIR SALARIES AND A PLETHORA OF ALLOWANCES AT THE EXPENSE OF THE POOR TAXPAYER..
  
  GHANA'S NATURAL RESOURCES EXPORTS AND TAX REVENUES ARE LOOTED BY GHANA'S THIEVING LEADERS IN VARIOUS FRAUDULENT SCHEMES, BANKRUPTING AN OTHERWISE RICH NATURAL RESOURCE-ENDOWED NATION CALLED BANKRUPT GHANA WHILE HOPELESSLY CORRUPT LAZY GHANA LEADERS ARE ONLY INTERESTED IN QUICK LOAN MONEY, WHILE FOREIGN BUSINESSES CONTINUE TO HAVE A FIELD DAY ON GHANA'S NUMEROUS NATURAL RESOURCES.

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• Godwin (Chicago) 1 year ago

  Thank you, Dr. Ababio for your analysis of the Ghanaian tax invading problem. Only a few are being heavily taxed, while most of the informal sector is taxed little.

  Thank you, Dr. Ababio for your analysis of the Ghanaian tax invading problem. Only a few are being heavily taxed, while most of the informal sector is taxed little.

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• Sumaila 1 year ago

  This is a well-written article, Faith Ababio-Twi.
  
  I want to add that a practical way to improve tax collection in Ghana's informal sector is to embed taxation into everyday transactions rather than relying on manual compl ...
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  This is a well-written article, Faith Ababio-Twi.
  
  I want to add that a practical way to improve tax collection in Ghana's informal sector is to embed taxation into everyday transactions rather than relying on manual compliance. Instead of forcing businesses to register, the government should incentivize registration by linking it to benefits like lower MoMo transaction fees, free business promotion, and supplier discounts.
  
  For tax collection, a small percentage (0.5%-1%) can be deducted automatically from MoMo/QR transactions, eliminating manual filing and corruption. Additionally, wholesalers can collect a small tax at the source when selling bulk goods to traders. This ensures taxes are paid before profits are made, increasing compliance without fear or enforcement.
  
  A simplified "Pay-What-You-Can" model for small businesses can further encourage voluntary participation, with adjustments over time. These measures create a win-win system where businesses benefit while the government efficiently expands its tax base.

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