Private legal practitioner, Martin Kpebu has said that concerns raised by the Chamber of Mines against the increment in the Growth and Sustainability Levy from one per cent to three per cent on gross production, are not surprising.
He noted that all over the world, businesses oppose moves by central governments to impose or increase taxes. "If you compare, all over the world businesses will always fight the government the moment the government seeks to implement any fiscal policies that will result in them paying more taxes.
I am doing a research on the North Sea, you check, from the 60s to date, when the government brings any increment in taxes they will complain. "So it is normal for the businesses to complain, the moment they see that their profits will be reduced by even on cedi they will complain," he said on TV3's Key Points on Saturday, March 15.
His comments come at a time when Sulemana Koney, Chief Executive Officer (CEO) of the Ghana Chamber of Mines, criticised the government's approach, saying the industry was blindsided by the policy shift. "What concerns me most is the lack of consultation.
