Head of Legal team of the National Democratic Congress (NDC), Abraham Amaliba has defined the Electronic Transactions Levy (E-levy) as an attempt by the Akufo-Addo led government to loot the purse of the citizenry.
According to the lawyer, the definition is based on the fact that none of the principles for taxation supports the E-levy government is seeking to introduce.
He notes that the E-levy is not a tax.
“The E-levy is a tax that I will describe as an attempt by government to steal monies belonging to citizens. It is not a tax.
“There are principles of tax that it must be equitable. This tax for instance, is not equitable. Imagine we are paid our salaries and you decide to put your money on your physical wallet but I decide to put mine on my e-wallet. When we go to the chop bar and you are taking money to pay, there is no tax but when I decide to pay from my e-wallet, I will be charged, why? So it’s not equitable, it flies in the face of the principle that we all know to govern taxation”, he stated in an interview on TV3 New Day.
Lawyer Amaliba holds that the sort of the tax is not known.
“Secondly, we don’t know where to place this tax. Is it a gift tax, is it an income tax? You can’t tell. You can’t tax people’s capital, you can’t tax monies that have already been taxed, that’s stealing. And that’s why I describe it as an attempt to steal”, he explained.
He indicated that the policy is opposed by some members of the ruling party.
But the Deputy Director of Communications of the New Patriotic Party (NPP), Kamaal Deen Abdulai noted that the convenience that comes with electronic transactions cannot be compared to the 1.75% levy the government seeks to impose on it.
Content created and supplied by: GeneralConceptMedia (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More