Strengthening tax system critical to qualitative education, says ActionAid
Speaking at a validation meeting on findings from the baseline research on education in Lagos, he said Breaking Barrier project is looking at increasing share of tax for education, as it has proven to be the most veritable and sustainable means of development funding.
He said: “What it means is looking at the structure of the states, how do we strengthen the taxation system and make it more effective to generate more revenue. It does not mean increasing the rate but strengthening the system, closing leakages, expanding the tax base, and getting the high net-worth individuals into the tax net.
“The people that are not paying, hiding and evading tax, but are capable of paying should be brought into the tax net.
And those that are already paying too much, especially women in the informal sector, their tax burden should be reduced.”
Okwudili also argued that a better taxation regime, states would not borrow to fund education.
He disclosed that Breaking Barrier project is a four-year intervention in Sokoto and Lagos States, looking at education and taxation.
“It s how education fund is going to be driven from taxation. How can we use tax revenue to fund education in these states. And what it means is that how do we strengthen tax revenue in the two states.
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