The Peoples Democratic Party on Wednesday aligned itself with the call by the National Leader of the All Progressives Congress, Asiwaju Bola Tinubu on the Federal Government not to increase the Value Added Tax.
Tinubu had during the 11th Bola Tinubu Colloquium at the International Conference Centre, in Abuja, entitled, ‘Next Level, Work for People,’ said that an increase in VAT would reduce the spending capacity of the people.
He had said, “I will appeal to Prof. Yemi Osinbajo and his team to put a question mark on any increase of VAT please. It will reduce the purchasing power of people which can further slow down the economy.
“Let us widen the tax net. Those who are not paying now, even it is inclusive of Bola Tinubu, let the (tax) net get bigger and take in more taxes and that is what we must do in the country instead of additional taxes for now.” Read more