Concerned Academics Forum opposes proposed tax reform bills
By Abdullahi Sulaiman
The Concerned Academics Forum (CAF) has rejected the proposed tax reform bills under consideration by the National Assembly. In a letter to Senate President Godswill Akpabio, CAF warned of the socio-economic repercussions, calling them regressive and harmful to ordinary Nigerians.
According to the letter, the proposed bills disproportionately burden low- and middle-income earners through increased direct and indirect taxes. CAF argues that this would exacerbate poverty, raise living costs, and stifle economic growth, particularly in the informal sector.
The forum expressed disappointment over the lack of adequate social safety nets to cushion vulnerable citizens from the impact of these reforms. They also criticised the government for its insufficient efforts to address tax evasion and systemic corruption, calling instead for greater enforcement of existing tax laws.
Furthermore, CAF highlighted concerns about the adverse effects the tax reforms could have on education and research, warning of reduced funding for public universities and limitations on academic progress.
In their letter, CAF outlined key recommendations, including the adoption of a progressive taxation system, stronger measures to combat tax evasion, efficient use of public funds, and prioritisation of essential public services like healthcare and education.
The forum urged lawmakers, civil society organisations, and Nigerians at large to reject the proposed reforms and advocate for a more equitable and inclusive tax structure.
CAF’s position reflects its commitment to advancing social justice and economic sustainability in Nigeria. The group has called for a consultative approach to policy formulation that engages diverse stakeholders to ensure fairness and inclusivity.
The debate over the proposed tax reforms remains contentious. Various sectors express concerns about their potential impact on the Nigerian populace.