Politics
Northern Governors Oppose Southern Colleagues On Power Shift, VAT
Governors of the 19 northern states have described as unconstitutional, the position of their Southern counterparts that the country’s next President must come from their region just as they dismissed the position of the Southern governors on Value Added Tax, VAT.
Also reacting to the position of the Southern governors that VAT should be collected by the states, Lalong said:
“If every State enacted its own VAT Law, multiple taxation will result in increases of prices of goods and services and collapse in interstate trade. VAT is not a production tax like excise, but terminal tax which is paid by the ultimate consumer.”
“Another confusion is ignoring observation above and its ‘overall effect.’ The reason Lagos accounts for our 50% VAT collection is because most of the telecommunication companies, banks, manufacturing and other trading activities have their headquarters in Lagos, with the resultant and wrongful attribution of VAT.”
He said though Rivers and Lagos State Government had enacted their own VAT laws, unless the Supreme Court pronounces judgement on the substantive matter between Rivers State and Federal Government, the matter is sub judice and Northern States Governors Forum would respect this.
Source: Daily Turst
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