Chartered Economist Mr. Emmanuel Amoah Darkwa has posited that the claims by the government that the proposed E-Levy would be used for the construction of quality roads and the creation of employment are highly exaggerated.
Speaking on Frontline on Rainbow Radio 87.5Fm he explained that these claims are unrealistic considering the amount of money expected to be generated.
The government will charge an applicable rate of 1.75% on all electronic transactions covering mobile money payments, bank transfers, merchant payments, and inward remittances.
The government has explained that the proceeds from the levy would be used for road construction and job creation.
But the economist believes these claims by the government are exaggerated.
“The claims by the government that the proceeds from the E-Levy would be used for road construction and job creation is exaggerated. How many roads are going to be constructed every year from the amount collected.”
He said such an argument is not trainable because our leaders must show proof of what they had used our taxes for.
Meanwhile, he has indicated that the rate proposed by the government was too high and the impact on the digital space would be too much.
He said the digital economy would be in crisis if the currently proposed percentage is passed.