Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, TAIWO OYEDELE has alleged that the federal government has nothing to show for more than 60 taxes and levies collected across the country.

He made the claim at the Senate’s plenary yesterday, stressing that the current fiscal system practiced in the country inhibits growth and that the government does not want to lose tax base to other countries.

He explained that the need to reform the tax system in the country is because the federal government does not want to tax capital or poverty but investment.

He further noted that the Federal Government intends to halt the situation where Nigerian businesses are forced to pay tax even in the face of losses, compelling the need to scrutinise the system through key reforms.