President Bola Tinubu has stated that the proposed Tax Reform Bills are pro-poor.
Speaking during his first presidential Media chat in Lagos on Monday December 23, the president of emphasized that the Tax Reform Bills are here to stay.
“Tax reform is here to say. We cannot just continue to do what we were doing yesteryears in today’s economy. We cannot retool this economy with the old broken tools.
The essence of the tax reform is to eliminate colonial-based assumptions in our tax environment. Every tax situation without outcry is not a tax.
“You cannot satisfy uniformly the larger community of tax evaders. This tax reform is pro-poor; the vulnerable are not to pay taxes.
“All we are asking for is to widen the tax net and bake the cake larger so that we can share a larger meal.” He explained further.
While reiterating that the bills will see the light of day no matter the delay, Tinubu maintained that his philosophy as a leader is to do what he has to do at the time it has to be done.
Recall that Senator representing Borno South Ali Ndume among other Northern elites have kicked against the proposed Tax Reform Bills stating that the region was going to be negatively impacted by the implementation of the bills
