The Industrial and Commercial Workers Union (ICU), Ghana, has called on the government not to re-introduce the 17 ½ Value Added Tax charges imposed on core and non-core bank services.
In a Resolution copied to Minister of Finance, the ICU said the law should be abrogated not be re-introduced.
It said informed sources say there is nothing in the banking system called non-core activities.
The resolution jointly signed by Mr. Emmanuel Boateng, Chairman, and Mr. Solomon Kotei, General Secretary of the Union, said proponents of the law did not make scientific assessments about the impact on the people and the economy.
The ICU said when the tax is re-introduced it will erode the purchasing power of workers, who are already paying income and other indirect taxes, and eventually weaken the economy.
Credit: GNA
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