Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has proposed for a freshÂ stakeholdersÂ meeting of tax authorities in the country (Federal Inland Revenue Services(FIRS), States tax authorities, and the Organised Private Sector to address multiple taxation issues.
NACCIMA has also stressed the need for the Federal Government to compel all ministries, andÂ parastatals to publish their in-house code of ethics, saying itâ€™s key to curbing graft in both public and private establishments.
According to NACCIMA President , Dr. Simon Okolo, the need for a fresh meeting with tax authorities and the organised private sector has become crucial as previous efforts have not eliminate the problems of tax burbens onÂ industries .
â€œGovernment should assist the business community by ensuring that only approved legitimate taxes gazetted should be collected from business operators in the country. This would check the arbitrary introduction of illegal taxes and levies, save business operators from unnecessary harassment, and invariably bring about reduction in the cost of doing business and the promotion of commerce in Nigeria,â€ he said
He further urged Government to harmonise and rationalise the numerous taxes and levies in order to reduce the incidence of multiple tax on consumers purchasing power as well as the high cost of doing business in the country.
While commending Government for its efforts at making the real sector the driver of the countryâ€™s economy, through its recent launch of N500 billion revival fund, and additional N200 billion SMEs credit guarantee scheme, he said the Association would like government to compel public and private organisations to henceforth subscribe to and publish their-in-house code of ethics managed by themselves as a window for the public to assess their activities adding that this will go a long way to stem the tide of corruption and indiscipline enveloping the nation.
He noted that actions so far taken in reducing corruption in high places though commendable still requires that new strategies may be necessary to combat this cankerworm.
â€œThe modus operandi of the anti-corruption law should be expeditiously reviewed, and immediate prosecution of offenders carried out as and when the anti-corruption commission concludes investigation even as public-private sector partnership in the monitoring of projects should be ensuredâ€ he said.
He called for the enthronement of leadership by example in the anti-corruption crusade, pointing out that the Executive, Legislative and Judicial arms of government have joint responsibilities in this matter while all operators in the private sector of the nations economy must also fall in line.
He lauded governmentâ€™s on going policy to downsize the cost of governance but noted that the cost of governance is still considered very high when considered side by side with the high level of poverty
â€œGovernment should maintain a slim size of aides and advisers attached to political office holders, including public officials on government entourage. This will not only reduce the over-bloated cost of governance but also enable those officials to remain on their desks and carry out assigned tasks that would contribute towards growing the economy,â€ he said.