Tinubu urges FG to halt proposed increase in VAT
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Tinubu urges FG to halt proposed increase in VAT

The national leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, on Thursday, March 28, called on the federal government to shelve its plan to increase the Value Added Tax (VAT).

Tinubu, who spoke at the 11th Bola Tinubu Colloquium to mark his 67th birthday in Abuja, said the increase would amount to taxing ordinary men in the country, The Nation reports.

Legit.ng gathers that the APC chieftain called on the government to widen the tax net and ensure that tax defaulters pay their tax so revenue could be raised.

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Tinubu said increasing VAT at this stage would not help the ordinary man in the country, adding that those in charge of generating revenue for the country must begin to think of other sources of revenue.

Meanwhile, Legit.ng previously the former deputy national chairman of the Peoples Democratic Party (PDP), Chief Olabode George, has called for the prosecution of the national leader of the All Progressives Congress, Bola Tinubu.

George was reacting to report of two bullion vans loaded with cash which were taken to the residence of Tinubu recently.

George expressed displeasure that Tinubu brought bullion vans loaded with cash into his house and still went ahead to confirm that the money contained in the bullion vans belonged to him.

He said: “Then someone will ask, who should be number one to be prosecuted for money laundering? It is unfortunate when someone is going off track and the system is not their to check mate, what guarantees that the people will continue to respect that system? Is it one sided policy we have in this country?

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“People don’t even know that they were loaded with cash until he confirmed it himself, do you have right to carry such cash around? Is your house a Central Bank?"

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Source: Legit.ng

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