“Excessive taxation will hurt the economy”

Former president of the Gambia Chamber of Commerce, Muhammed Jagana, has warned Gambian authorities to review the country’s tax regime in order to avoid taxing start-ups out of business. In an exclusive interview with Kerr Fatou on Monday, Jagana said Gambia is having a very excessive tax system that is killing some small businesses. Jagana’s comment came as the country leading soft and alcohol company contemplates shutting its doors because of too much tax burden.

Government needs businesses to collect tax and if those businesses die because of excessive tax, then a vital revenue source for Government dies, said Jagana.