Tax Harmonization ‘Il Attrack Foreign Investors – NGO

The Managing Director/
Chief Executive of Tetra foundations, Dr. Faith Eme, has urged  the Federal and State governments to work towards tax harmonisation to enable the country to attract more foreign investors.
Eme who said this in a chat with The  Tide in Port Harcourt, noted  the need for government to avoid tax duplication from different  quarters which scares investors.
The Tetra Chief executive stressed that “government should clearly define the structures, processes and mechanism of tax payment”, adding  tax revenue duplication should be totally eradicated to prevent companies from shifting base.
Tetra which is a subsidiary  of Goje Africa called on the government not to make taxation impossible so that people will not run away from paying it.
“Tax should be affordable, mode of payment should be clearly spelt out and the place of  payment should be clearly defined:, she said, adding  that the major problem we have  in the state is tax harmonisation.
She noted that the NGO has been in serious campaign on how to attract investors to the country, stating opportunities abound for business in Nigeria and Rivers State in particular.
She expressed concern over the people and business that rob government of their taxation  adding “when you don’t pay tax it ties the hands of government and also hinders growth and development.
“Tax payment is our civil responsibility and this is  what government uses to provide the basic amenities and infrastructural development.

Lilian Peters