Business News of Friday, 19 April 2019Source: classfmonline.comBagging only GHC25m from 'ill-advised' luxury car tax means it must go – MahamaFormer President John Dramani MahamaFormer President John Mahama has said he will scrap the luxury car tax imposed by the Akufo-Addo government, should he win the 2020 general elections. The “ill-conceived” tax, he said, has brought untold hardship to commercial drivers and their business, thus, his aim to let it go. They should have exempted all commercial vehicles”, he told the drivers. “Just recently”, he said, “I heard that the government has only been able to raise GHS25 million from the luxury tax. The luxury car tax was introduced in the middle of 2018 through the mid-year budget.

Source: GhanaWeb April 19, 2019 11:37 UTC