Home BUSINESS FG concluding plans to tax first class, business class air tickets, other...

FG concluding plans to tax first class, business class air tickets, other luxury items

282
0
Kemi Adeosun
Kemi Adeosun

The federal government is at the final stage of its plan to tax first class and business class air tickets alongside other luxury goods in the country.

This minister of finance, Kemi Adeosun, made this disclosure while responding to questions from Nigerians on Thursday morning via Facebook.

Addressing the question, the finance minister, “I think yes.”

“We’ve signed something that will bill access charge on first class and business class tickets, we are just doing the final parts of the implementation and we also want to try and amend the tax payer book on high end cars, luxury cars.”

Adeosun further added that the taxes imposed will be used to better the lot of Nigerians in terms of infrastructure adding that it will be used in remodeling the country and returning it to the great standard which the nation is known for.

She further stated during the interview that , “If we move our tax-to-GDP ratio up, it means two things: One, we will be able to provide more services to our people. Many of the things we are not able to do are function of the fact that we don’t have enough money.

READ ALSO  Naira gains against dollar at parallel market

“We need to build more schools, hospitals and roads. This is not rocket science. Every country has challenges, there is nothing we are facing that other countries haven’t faced.

“Every poor nation has very poor tax compliance rate and every rich nation has high compliance rate. So we want to be a properous nation. So what is in it for the citizens?

 “If everybody pays, there will be far more money in the pool to be spent on the services that we need. These things are what we call public goods, and they’re funded from taxes.

“If you have been all around the country, you’ve seen the need, you’ve seen the number of people that are living in poverty, we can lift people from poverty if we have the right money.

READ ALSO  FG planning to crash fuel price to N97 per litre

“A lot of people that are very successful today went to public schools because the public schools were good; we can recreate that. Same with health system.

“A lot of people die needlessly because we don’t have the right health facilities.” The minister says Nigerians living and working abroad, and paying taxes in those countries do not have to pay taxes in Nigeria.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.