The Organised Private Sector (OPS) has said it is not satisfied with the Lagos State Government’s reduction in the percentage rate on Land Use Charge and other taxes.
Olusegun Oshinowo, OPS spokesperson, disclosed this in a letter addressed to Akinyemi Ashade, the Lagos State commissioner for finance, saying that the demands of the sector were yet to be met.
Oshinowo commended Lagos State governor, Akinwunmi Ambode, for the reduction in the invoiced rate of the Land Use Charge, describing it was a demonstration of his avowed commitment to listening to alternative views, but he asserted that OPS fundamental request in the formal submission to the government were reduction in both or either of the base percentage rate of or (and) Assessed Market Value, adding that these had not been met.
He said the reduction of 50 per cent over the invoiced rates was far off from the mark on the relief that would ameliorate the over 500 per cent increase in the new rate.
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Oshinowo urged the government to take a second look at the propositions in the spirit of the long-standing partnership and ongoing social-dialogue between the state government and the business community.
He said the business community would not hesitate to challenge the law in court, as it did in 2002, if the government continued to shun its request for dialogue.