Friday, December 3, 2021

CAN GAMBIA RELY MAINLY ON A TAX REGIME FOR DEVELOPMENT?

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QUESTION OF THE DAY

CAN GAMBIA RELY MAINLY ON A TAX REGIME FOR DEVELOPMENT?

It should be evident to the government that it is finding it extremely difficult to implement the policy of expanding the tax base, which is increasingly hurting businesses, especially in the informal sector.

What is required is the establishment of a National Sovereign Wealth Fund into which all earnings from minerals, royalties and dividends shall be paid for public sector investment in public enterprises or joint private public enterprises, maintain services, finance sustainable loans,  build infrastructure, replenish our reserves and  protect the value of national currency.

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