News
I will scrap betting tax in first budget-Dr.Ato Forson
Minister of Finance Designate, Dr.Casiel Ato Forson has given the strongest indication that the betting tax will be scrapped as promised by his party, the National Democratic Congress (NDC).
Dr.Ato Forson revealed during his vetting before the Appointment Committee of Parliament that scrapping the Betting Tax will not harm the economy.
Again, he added that to raise revenue, he will focus on tax compliance by increasing the tax net and cutting down on expenditure.
This, he was optimistic, would increase the tax revenue and cushion the economy.
“Some of the taxes out there are not bringing in the revenue that they should. For example, the betting tax is bringing in less than GH₵50 million a year; it is a nuisance tax,” he revealed.
Dr.Ato Forson concluded by saying that the betting tax would be scrapped in the first budget.
By Edem Mensah-Tsotorme