{"id":659499,"date":"2019-07-18T18:03:22","date_gmt":"2019-07-18T18:03:22","guid":{"rendered":"<br><div>\n<p>The Minority in Parliament is demanding the removal of the <span style=\"color: #666699;\"><strong>luxury vehicle tax<\/strong><\/span> which it deems as \u201ceconomically inefficient.\u201d<\/p>\n<p>\u201cGhanaians expect the outright withdrawal\/removal of the "},"modified":"2019-07-18T18:03:22","modified_gmt":"2019-07-18T18:03:22","slug":"minority-wants-inefficient-luxury-vehicle-tax-scrapped","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/07\/18\/minority-wants-inefficient-luxury-vehicle-tax-scrapped\/","title":{"rendered":"Minority wants &#8216;inefficient&#8217; luxury vehicle tax scrapped"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Minority in Parliament is demanding the removal of the <span style=\"color: #666699;\"><strong>luxury vehicle tax<\/strong><\/span> which it deems as \u201ceconomically inefficient.\u201d<\/p>\n<p>\u201cGhanaians expect the outright withdrawal\/removal of the economically inefficient luxury vehicle tax,\u201d the Minority said in a statement.<\/p>\n<p>The Minority\u2019s call is ahead of the presentation of government\u2019s mid-year budget review on Monday [July 22, 2019].<\/p>\n<p>The levy was introduced during the 2018 midyear budget review, which took effect in August 2018 despite opposition from various groups.<\/p>\n<p>Giving its expectation of the review, the Minority in a statement signed by Ranking Member on Parliament\u2019s Finance Committee, Cassiel Ato Forson said: \u201cGhanaians are expecting a realistic Mid-year Budget that will address the hardships they are currently facing and not the announcement of populist, vote-buying gimmicks.\u201d<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/xyff_VmLh0Y\" width=\"600\" height=\"392\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><br \/>It reiterated its position that the Akufo-Addo government has mismanaged the country\u2019s economy and borrowed at unsustainable rates.<\/p>\n<p>It said most of the monies borrowed by the government have been used for consumption and that poses serious liquidity constraint for capital expenditure.<\/p>\n<p><iframe loading=\"lazy\" title=\"Collection of luxury vehicles taxes begins\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/BfeqEWHbVLw?start=2&amp;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/p>\n<blockquote>\n<p>\u201cIn the face of this obvious challenge, the Minority cautions government to exercise restraint and curb its voracious appetite for borrowing.\u201d<\/p>\n<p>\u201cYou can do all the propaganda about cosmetic deficit numbers, but the public debt will expose you,\u201d the Minority said.<\/p>\n<\/blockquote>\n<p>The Minority insisted that the government had caused hardship for many Ghanaians through the \u201cback door\u201d with regards to the 5% increment in VAT.<\/p>\n<blockquote>\n<p>\u201cIt is the expectation of the people of Ghana, that such subterfuge and shenanigan will not be repeated,\u201d the Minority statement said.<\/p>\n<p>\u201cOff-budgeted transactions is yet another serious problem that can throw the entire 2019 Budget off-gear. The Minority is certain that this has resulted from the rushed implementation of populist and unsustainable campaign promises. If this practice should continue, the whole Budgetary process from now till the end of the year will be compromised. The Minority is cautioning government not to adopt the practice of replacing critical government expenditure with ill-advised spending on frivolous campaign promises,\u201d the minority added.<\/p>\n<\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Minority in Parliament is demanding the removal of the luxury vehicle tax which it deems as \u201ceconomically inefficient.\u201d \u201cGhanaians expect the outright withdrawal\/removal of the economically inefficient luxury vehicle tax,\u201d the Minority said in a statement. The Minority\u2019s call is ahead of the presentation of government\u2019s mid-year budget review on Monday [July 22, 2019]. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":659483,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-659499","post","type-post","status-publish","format-standard","has-post-thumbnail","category-lifestyle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Minority wants &#039;inefficient&#039; luxury vehicle tax scrapped - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/07\/18\/minority-wants-inefficient-luxury-vehicle-tax-scrapped\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Minority wants &#039;inefficient&#039; luxury vehicle tax scrapped - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"The Minority in Parliament is demanding the removal of the luxury vehicle tax which it deems as \u201ceconomically inefficient.\u201d \u201cGhanaians expect the outright withdrawal\/removal of the economically inefficient luxury vehicle tax,\u201d the Minority said in a statement. 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