xAccording to her, apart from the opportunities in the company income tax, the informal sector, including consumption can provide a great tax revenue. Fasoto, who noted that the poor management of tax revenue was discouraging citizens from paying tax, stressed that a lot of high-ranking people replaced social responsibility and philanthropy for tax payment. “Tax money should not be money that people will share in the National Assembly. Government can encourage people to pay tax by using tax money judiciously. A scholar, Prof. Godwin Oyedokun, noted that unless government improves services to the governed to promote tax justice, improvement in tax revenue would remain a mirage.

Source: The Guardian April 21, 2021 04:36 UTC