Minority Leader in Parliament, Haruna Iddrisu insists that the E-Levy, on the face of it, is a form of double taxation which also appears to be discriminatory as it will only apply to electronic transactions.
According to him, the money that will be subjected to the 1.75% tax by the government would be already taxed money at the time of being earned from an employer, calling it a money tax.
“In fact its proper name is money tax. Ken Ofori-Atta is just lazily seeking to tax money. Anybody holding money and moving money must pay tax. Let anybody share with me this experience anywhere in the world. So it is money tax – when you move money, pay, when you transact business, pay,” he stated.
Addressing journalists in Parliament on Wednesday after receiving a petition from a group calling itself Mobile Money Agents Association of Ghana (MMAAG), Mr. Iddrisu said “What Ghanaians must be prepared to accept painfully is that the cumulative incidents of an electronic money transfer is 3.75% and not 1.75%.”
“There is an existing 1% and a back-off-cash-out1%. Even though there was no universality because Voda Cash, because of promotional purposes, was zero.”
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Those of you who know arithmetic like the Hon Ato Forson. When the Minister of Finance says that the telcos have agreed to reduce their share by 0.25%, so those were zero, is there a minus 0.25% from their zero?” he quizzed.
Source:Fiilafmonline/Mynewsghana
