Following the recent events in the state, concerned Deltan and activist, Comrade Victor Ojei, has called on the Delta State Government to review its tax system and implement reforms that would plug all loopholes for multiple taxations in the state.
Comrade Ojei, popularly known as Wongbox, highlighted some detrimental effects of multiple taxations on the economy, even as he stressed the need for a thorough review of the state’s tax system.
According to Ojei, ‘Delta State has made commendable strides in economic development and investment attraction. However, one concern plaguing the business environment is the issue of multiple taxations and anti-investment inhibitions.
“The burden of multiple taxations not only affects the financial viability of businesses but also hampers their competitiveness. It creates an uneven playing field and discourages local and foreign investors from establishing or expanding their operations.
“Given the adverse effects of multiple taxation and anti-investment inhibitions, it is imperative for the Delta State Government to undertake a thorough review of all complaints and concerns raised by businesses and investors.
“This review should encompass a comprehensive analysis of the tax system, including identifying and eliminating overlapping levies and redundant taxes. Simultaneously, reforms should be initiated to streamline bureaucratic processes, enhance transparency, and create an enabling business environment.
“The benefits of such a review and subsequent reforms cannot be overstated. The government will signal its commitment to attracting investments and fostering economic growth by addressing these issues.
‘’A transparent and business-friendly environment will encourage local entrepreneurs to expand their businesses and attract foreign direct investment, leading to job creation and enhanced revenue generation for the state.
“No doubt, Delta State has immense economic growth and prosperity potential. However, the challenges of multiple taxation and anti-investment inhibitions may hinder the state’s progress.
“It is crucial for the government to urgently review all complaints regarding these issues and implement reforms that simplify the tax system and create a favorable business environment. By doing so, Delta State can unleash its economic potential, attract investments, and pave the way for its citizens’ vibrant and prosperous future,” Ojei insists.