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After some Governors’ initial rejection of the controversial tax reform bills by President Bola Tinubu, all the governors have now thrown their weight behind the Federal Government’s but with a proposal for a new sharing formula for value-added tax (VAT).
President Bola Tinubu has been advised by the Northern Elders Forum to suspend his proposed Tax Reform Bills, and have extensive dialogue with stakeholders.
The Nigeria Labour Congress, NLC, has insisted that President Bola Tinubu must withdraw the Tax Reform Bills forwarded to the National Assembly for passage to enable all key national stakeholders to be part of the process.
The Senate on Thursday passed the four controversial tax bills for second reading through voice votes.