Government must tax ‘untouchable businessmen,’- stakeholders

Government must tax ‘untouchable businessmen,’- stakeholders

It should not be business as usual for the 20 per cent of the nation’s population that control 80 per cent of the common wealth when tax administration issues are brought to the fore, stakeholders at the maiden edition of The Guardian’s Economic Forum Series on Tax have argued.

Applying the Pareto principle of 80-20 rule, which specifies an unequal relationship between inputs and outputs, the stakeholders urged the Federal Government to go after high networth individuals, often described as the ‘untouchable businessmen’ for tax remittances. Read more

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