PROS AND CONS OF A RAISED VALUE ADDED TAX (VAT)
Conclusion
With every sense of patriotism, this writer is of the opinion that the Federal Government should shed its weight by devolving more responsibilities to the states and local governments; this will involve tinkering with the revenue sharing formula to make it work. It should be noted however that this writer is not averse to a review of our tax laws in consonant with modern realities but the timing and the purpose. It is hope that when this proposal is submitted to the legislature for legislation all necessary stakeholders would be allowed to make input for or against it.
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