VAT Reform: Balancing Economic Growth and Tax Burden

• VAT system impact on economy discussed
• Professor Bokpin suggests extending VAT to financial services
• Increasing VAT rate could be counterproductive
• Government considering VAT system reforms
• Merging levies with standard VAT rate could simplify the system
• Careful consideration needed for tax reforms due to potential impact on economy and individuals

Source: modernghana.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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