The Director of Research at the African Center for Economic Transformation (ACET), Dr. Joe Amoako-Tuffour, has cautioned the New Patriotic Party (NPP), government against “hurried” tax cuts, given the nature of its campaign promises en route to election victory. Whilst Dr. Amoako-Tuffour considers some tax cuts may be obvious given their burden, he noted in … Read more
The Director of Research at the African Center for Economic Transformation (ACET), Dr. Joe Amoako-Tuffour, has cautioned the New Patriotic Party (NPP), government against “hurried” tax cuts, given the nature of its campaign promises en route to election victory. Whilst Dr. Amoako-Tuffour considers some tax cuts may be obvious given their burden, he noted in an … Read more
Some of the biggest foreign investment and commercial banks operating in Britain paid an average tax rate of just 6 percent on the billions of dollars of profits they made in the country last year, a Reuters analysis of regulatory filings shows. That is less than a third of Britain’s corporate rate of 20 percent. … Read more
“Sadly, the compliance level of the oil and gas exploration and production companies in payment of levies and taxes is very low and in fact, pitiable,” contained in a letter Governor Henry Seriake Dickson of Bayelsa State personally wrote to President Muhammadu Buhari and Vice President Yemi Osinbajo (SAN), dated April 18, 2016. There are … Read more
A US newspaper says it has obtained documents showing tycoon Donald Trump declared a loss of more than $900m on his 1995 federal income tax return. The New York Times says the loss was so large it may have enabled the Republican candidate to avoid paying tax for up to 18 years legally. His campaign … Read more
Dr. Steve Manteaw, co-Chairman of Ghana Extractive Industries Transparency Initiative (GHEITI) has called for governments to be accountable to their people in the management of revenues from the extractive industry. They should commit to high standards of transparency and accountability to bring optimal benefits to the population. He was speaking at a two-day GHEITI dissemination … Read more
Ghana loses nearly $2.1 billion dollars to tax evasion and incentives annually, reveals a study carried out by the Integrated Social Development Centre (ISODEC), a civil society organisation. According to the study, which was conducted on behalf of the National Coordinating Council of the Public Services International (PSI), there was the loss of revenue in … Read more