*Coalition For Democratic Governance (CDG)* *For immediate release* *Press Release* 14/07/2018 *ANY INCREASE IN VAT WILL BE SUICIDAL IN THE CURRENT ECONOMIC HARDSHIPS* Coalition For Democratic Governance has learnt with great shock the intention of government to increase Taxes in the coming days. Government in its budget review, plans to hike the rate of tax by as much as from 17.5% to 21.5%. In as much as no formal announcement has been made to this effect, we know there is a mid year budget review coming up and leading members of both party and government have in recent times been making statements ostensibly to prepare the minds of Ghanaians to accept these obnoxious, wicked and burdensome tax policies to be imposed on an already suffering population and a suffocating business environment. It must be noted that, Value Added Tax (VAT) is a consumption tax that appears to punish the consumer for his consumption behavior in government's quest to raise tax...
*Coalition On Democratic Governance* *For immediate release* *Press Release* 14/07/2018 *ANY INCREASE IN VAT WILL BE SUICIDAL IN THE CURRENT ECONOMIC HARDSHIPS* Coalition On Democratic Governance has learnt with shock the intention of the government to increase Tax in the coming days. We are astonished to see a daily increase in prices of goods and services Value Added Tax (VAT) is a broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption. From all indications,the government is to raise the rate of tax from 17.5% -21% which is about 4.5% increment.It appears the government of the day has proven it's insensitivity to the plight of Ghanaians. Gabby Asare -Otchere Darko,a member of the ruling government posted on the Facebook wall ''will you support a VAT increase to keep your light on,your secondary sc...