Efficient tax administration through tax incentives can stimulate economic growth that is sustainable. These tax incentives must be set realistically, monitored and effectively evaluated in order to stimulate growth. As a starting point, the federal government must review the current tax incentives policy and avoid granting incentives and waivers that undermine the tax base of the country. The suggested tax incentives must target investments in non-renewable energy. We acknowledge the current tax incentives of federal and state government tax revenue agencies drive.

Source: The Guardian July 31, 2020 03:56 UTC