MoMo Tax is a Taxation Ponzi Scheme – Sam George

The Member of Parliament for Ningo Prampram, Samuel Nartey George, has said the proposed E-levy in the yet-to-be approved 2022 budget statement is a rip off.

He described it as a ponzi scheme intended to tax the same value of money multiple times.

In a tweet, he said “The more I process the e-Levy, the angrier I get. It is a complete rip off. It is a taxation ponzi scheme designed to tax d same value of money multiple times. It is plain government thievery & I cannot vote to approve a budget that has that levy included. No!”

His comment comes after the finance minister during the 2022 budget reading in Parliament announced the imposition of 1.75% tax on mobile money transactions.