Tax reform bills propose new sharing formula, cede 55% to States …C0NTINUE READING HERE >>>
The Senate on Thursday resumed its debate on the Tax Reform Bills. The bills are a set of four legislative proposals to increase Value-Added Tax (VAT) distributable to the sub national governments to 55 per cent while reducing the federal government’s share to 10 per cent.
These far-reaching initiatives were contained in the lead debate of the Leader of the Senate, Sen. Opeyemi Bamidele, on the Tax Reform Bills presented during plenary.
Bamidele said that the new legislative…
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