-The Northern Economic Development Forum has backed President Bola Tinubu’s new tax reform policies, emphasizing that the North will benefit from them, despite opposition from Northern governors.
-The proposed tax bills are designed to streamline tax processes, create a unified revenue service, and simplify financial obligations for businesses and citizens, without raising the number of taxes or increasing existing tax rates.
-The forum clarified that the reforms will not lead to job losses or increase the financial burden on Nigerians, particularly small businesses. They aim to simplify tax compliance, especially for SMEs.
-The tax reforms will harmonize revenue collection, ensure synergy among agencies, and drive government efficiency, leading to better spending and savings.
-The forum plans a massive awareness campaign across the 19 Northern States to mobilize support for the reforms and dispel misconceptions, urging northerners to embrace the changes for national growth.
Peoplesmind
