The Senate's initiative to create the Chartered Institute of Revenue and Fiscal Management faced significant opposition from key stakeholders in the taxation and revenue generation sectors on Thursday. These stakeholders expressed their concerns regarding the proposed legislation, urging the Senate to reconsider and halt its progress. They argue that the establishment of the new institute could have adverse implications for existing frameworks and practices within the industry. The stakeholders are calling for a more inclusive dialogue to address their apprehensions before any further legislative action is taken.
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