Seth Terkper ridicules Finance Minister over claims that NDC wanted to introduce E-Levy
Former Finance Minister Seth Terkper has made fun of assertions by the Finance Minister that the National Democratic Congress had plans to introduce an electronic transaction levy if they had won the 2020 election.
The former Finance Minister explained that the Minister and other officials who have made similar comments are confusing themselves with aspects of the NDC manifesto on taxation instead of seeking clarification.
Finance Minister Ken Ofori-Atta at the town hall meeting on the controversial E-levy in the Upper West region told the gathering that the NDC would have introduced an electronic levy if they had won power.
He said the NDC had planned on introducing a uniform transaction fee policy to guide the electronic payments industry” if they had won power.
But the former minister has shot down the explanation given by the government on the matter.
“Unifying the policy is not the same as introducing a new tax handle. We should not be taxing sales, we should tax consumption and tax income. Transaction fee policy is different from transaction levy. What the NPP is seeking to do is charging a levy by merely doing a transaction,” he said.
He added: “If the NPP wants to implement NDC’s manifesto they must study it and do it properly. There are a good number of tax advisors in the NDC, they should consult us”.