The government primary purpose is to provide an environment that makes it possible for each and every citizen to harness his God given human potentials to the fullest so that he can be able to reap all the fruits of his labor thereby allowing him to enjoy all the best things that life can offer.
Yes, government must ensure that peace and order abounds in the land where each and every citizen can live, work, play, pray, walk and travel at any time and any place without worries or uncertainties as regards danger on his life, properties or belongings.
Yes, government must ensure that all enacted laws are fair, applies to all, simple and easy to understand so that the people authorized by law can execute it well and the citizens can observe and obey the laws to the letter.
Yes, government must ensure that all citizens and the society in general are provided with equal opportunities in terms of education, health care, housing, employment and business opportunities as well as other social services. Laws must never be enacted to give favor and undue advantage to a privilege few while discriminating the other sectors of the society.
Yes, government must ensure the ease of doing business. Establishing, registering and operating a business should not be made very complex and costly so that the number of players in the underground economy can be reduced to its barest possibility thereby resulting to more revenues for the government. To encourage compliance, government agencies, local and national, should not require businesses to submit so many reports and should limit the frequency of the submission of reports.
Yes, government must ensure that it empowers its citizens to have the optimum share of the fruits of his own sweats and labor by providing an effective Tax System that will give its citizens to have the best and maximum spending power consistent to the government primary purpose of allowing each and every one who works fair and hard to be able to buy and or to enjoy all the best things that life can offer.
Taxation indeed is a very significant government activity that provides the necessary resources so that all government branches and intermediaries can effectively function to deliver the necessary services that government should provide to the people and indeed to our society.
Taxation must not be complex.
The more complex the taxation is the more people will not pay taxes. It is a very sad reality that complex taxation system almost always results to fewer tax payers.
Generally people do not want to evade paying taxes. It is just that most people find it hard to understand the current tax system. Even accountants find it difficult to prepare correct and complete tax returns. Complex taxation therefore makes the services of accountants very expensive and not affordable to most tax payers.
Taxation therefore should be made simple and very easy to understand so that the majority of our citizenry can compute and file their income tax returns with ease.
Tax must not be a punishment.
The more you work the more you will be taxed. It therefore discourages people to work hard and or to pay the right taxes.
The more money that stays in the pockets of the citizens the more the people will gain the spending power that will further stimulates and grow the economy.
The more you grow and expand your business the higher the taxes. Hence, more and more business people and or entrepreneurs are establishing more businesses of similar or related nature to avoid higher tax rates.
There is no tax incentive for businesses that employ large number of people that is why companies are doing its best to mechanize and or to automate almost all aspect of its operations. The result therefore is reduced job opportunities to the citizenry.
There is no tax incentive for businesses that regularize at least 85% to 100% of its employees particularly for businesses that are labor intensive.
There are many ways with which government can formulate an effective TAX System that is win-win to all concerned Parties but bear in mind that “Simplicity is the best Tax Policy”