IMTT review long overdue

The World Bank has proposed a broad set of policy reforms to arrest the country’s growing informalisation.

The growing informalisation, which authorities had mistakenly referred to as the new economy and the real deal after the death of the old economy, is threatening formal businesses and in the process disrupting revenue inflow to Treasury coffers through taxes.

This comes as the government appears to have no solution in sight to encourage the informal sector to pay taxes.

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