Date: May 30, 2011, 4:46 pm


ABSENCE OF LONG TERM NATIONAL DEVELOPMENT STRATEGY WILL COST GHANA - TJN


The Tax Justice Network, Ghana has cautioned government that the absence of a long-term national development strategy with broad consensus on spending priorities will continue to encourage wrong investment decisions and mismanagement of tax revenues with serious negative implications for the economy.

 

According to them, though governments’ efforts in recent times to rationalise the revenue agencies and the tax reform initiatives as spelt out in the 2011 budget was important, there was the need to build the capacity of citizens to enable them ensure that tax and revenues are used for sustainable development. 

 

Making these remarks at a strategic workshop for civil society organizations in Kumasi over the weekend, the Tax Justice Network, Ghana, coordinated by the Integrated Social Development Centre (ISODEC) and funded by Christian Aid and IBIS Ghana, noted that Ghana’s tax system focuses more on indirect tax systems which are regressive in nature.  They therefore called on the government to implement a more direct system of taxation which was progressive.

 

The network also called upon government to publish country by country reports and information on contracts and agreements between government and multinational corporations, especially the mining companies.   

 

Participants at the workshop expressed much appreciation to the resource persons for the training they received on taxation, tax avoidance schemes and the importance of taxation to a nation’s development. 

 

This workshop, which sought to give citizen’s capacity on tax regimes also launched the tax justice network Ghana.  This network consists of 17 institutions and 37 individuals. 

 



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