{"id":164190,"date":"2024-03-21T17:22:28","date_gmt":"2024-03-21T17:22:28","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/03\/21\/govt-must-revise-tax-exemption-regime\/"},"modified":"2024-03-21T17:22:28","modified_gmt":"2024-03-21T17:22:28","slug":"govt-must-revise-tax-exemption-regime","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/03\/21\/govt-must-revise-tax-exemption-regime\/","title":{"rendered":"Govt must revise tax exemption regime"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Executive Director of Revenue Mobilisation Africa, Geofrey Kabutey Ocansey, has urged the government to revise its tax exemption regimes.<\/p>\n<p>Kabutey Ocansey referenced a study conducted by the Ghana Center for Democratic Development (CDD-Ghana) which found that about 80 percent of Ghanaians are willing to pay taxes but want to see what the taxes are being used for.<\/p>\n<p>\u201cA CDD study found that about 80 percent of Ghanaians were ready to pay more taxes but they wanted to see what those revenues, when collected, would be used for,\u201d he told Vivian Kai Lokko on the Tax Dialogue on Citi TV on Thursday, March 21, 2024.<\/p>\n<p>He called for a progressive tax regime to resolve the leakages in Ghana\u2019s tax system.<\/p>\n<p>\u201cThe big and small companies, one thing is that there is a structure in place. Everybody must pay something and if you want to be progressive, the rich pay more, and the middle pay a little more than those down there and then you have a very good tax system.<\/p>\n<p>\u201cThere are a lot of exemptions for the companies and so sometimes when I hear the big companies complaining, sometimes, I sit back and wonder.<\/p>\n<p>\u201cThis year alone, we are targeting $449 million to be given out to countries in exemptions and same country, we are going to another place to ask for a loan of about $450 million.\u201d<\/p>\n<hr\/>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Executive Director of Revenue Mobilisation Africa, Geofrey Kabutey Ocansey, has urged the government to revise its tax exemption regimes. Kabutey Ocansey referenced a study conducted by the Ghana Center for Democratic Development (CDD-Ghana) which found that about 80 percent of Ghanaians are willing to pay taxes but want to see what the taxes are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":164191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-164190","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt must revise tax exemption regime - 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\/2024\/03\/21\/govt-must-revise-tax-exemption-regime\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt must revise tax exemption regime - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Executive Director of Revenue Mobilisation Africa, Geofrey Kabutey Ocansey, has urged the government to revise its tax exemption regimes. 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