Expert Urges Judicious Use Of Tax Revenue

A Warri-based expert
on taxation, Mr Akpokona Thompson, has called for judicious use of tax revenue as it would encourage voluntary tax compliance in the country.
Thompson made the call in an interview with newsmen in Warri.
He said that level of tax compliance in the country was low because the people did not feel the impact of taxes they paid.
The tax expert said that a lot of eligible taxpayers would be willing to remit taxes when they could see projects executed with the taxes they paid.
“It is always difficult for individuals and organisations to remit taxes promptly when they are not seeing anything done with the tax they pay.
“When there are good roads, schools, healthcare, security and other amenities provided by government, people will definitely be more willing to pay their taxes.
“So it behoves on government to ensure that the taxpayers’ money is judiciously used on projects that will benefit them,’’ he said.
He appealed to government and tax authorities to be upright in tax issues to boost revenue generation in the country.