When designed thoughtfully and implemented effectively, tax reform does more than generate revenue. It shapes economic behaviour and strengthens institutions.
According to him, the reforms would end multiple deductions, easing pressure on low-income earners and small businesses.
Mr Babarinde cautioned that excluding mining revenues would undermine equity, peace, and national development.
The lawmaker called on Nigerians to support the tax reform.
The Senate Committee on Ecology and Climate Change chairman, Seriake Dickson, declared that Northerners’ opposition to the tax reform bill will not stop it from being enacted.
Presidency has clarified the claims that the controversial tax reform bills pose a danger to the northern parts of the country, stating the reforms are rather fundamental to streamlining tax administration
