Dr. Togba-Nah Tipoteh, Liberia's internationally renowned Professor of Economics, has said emphatically that the best way to get adequate revenues for the government of Liberia is to end rampant corruption rather than increase taxes. Dr. Tipoteh observed that in the midst of rampant corruption, the wrong way to raise revenue is to tax business and therefore people, especially poor people. In her 2017 Annual Message, Dr Tipoteh recalled that the President admitted again that corruption remains an increasingly vexing problem, as her Administration winds down to its end. Finally, Dr. Tipoteh concluded that stopping corruption and preventing increased taxation as the way to raise more revenue are in the hands of the government. Therefore, Professor Tipoteh insists that if the government does not stop rampant corruption and proceeds to continue with higher taxes, the government will have itself to blame for the worsening of the economy and the national security situation.

Source: Front Page Africa February 03, 2017 17:38 UTC