Taxing non-filers
In order to increase revenue, the government has imposed 0.6 percent tax on non-filers of tax returns on all bank transactions. This appears to be a very good step because it will compel tax evaders, smugglers and other such worthy citizens to pay to the government what otherwise would have
By our correspondents
July 03, 2015
In order to increase revenue, the government has imposed 0.6 percent tax on non-filers of tax returns on all bank transactions. This appears to be a very good step because it will compel tax evaders, smugglers and other such worthy citizens to pay to the government what otherwise would have gone into their pockets.
But how will the government ensure its success in rural areas where bankers owe their jobs to feudal lords? Non-filers like land owners would end up escaping the tax net and by the time the FBR wakes up and starts its investigations these bank managers will have settled in some foreign land. Or they might have become powerful ministers and hire highly-paid lawyers to ensure that nothing happens to them.
Shakir Lakhani
Karachi
But how will the government ensure its success in rural areas where bankers owe their jobs to feudal lords? Non-filers like land owners would end up escaping the tax net and by the time the FBR wakes up and starts its investigations these bank managers will have settled in some foreign land. Or they might have become powerful ministers and hire highly-paid lawyers to ensure that nothing happens to them.
Shakir Lakhani
Karachi
-
Andrew Mountbatten-Windsor Throws King Charles A Diplomatic Crisis -
Barack Obama Hails Seahawks Super Bowl Win, Calls Defense ‘special’ -
Pregnant Women With Depression Likely To Have Kids With Autism -
$44B Sent By Mistake: South Korea Demands Tougher Crypto Regulations -
Lady Gaga Makes Surprising Cameo During Bad Bunny's Super Bowl Performance -
Paul Brothers Clash Over Bad Bunny's Super Bowl Performance -
South Korea: Two Killed As Military Helicopter Crashes During Training -
Elon Musk Unveils SpaceX’s Moon-first Strategy With ‘self Growing Lunar City’ -
Donald Trump Slams Bad Bunny's Super Bowl Performance: 'Absolutely Terrible' -
Jake Paul Criticizes Bad Bunny's Super Bowl LX Halftime Show: 'Fake American' -
Prince William Wants Uncle Andrew In Front Of Police: What To Expect Of Future King -
Antioxidants Found To Be Protective Agents Against Cognitive Decline -
Hong Kong Court Sentences Media Tycoon Jimmy Lai To 20-years: Full List Of Charges Explained -
Coffee Reduces Cancer Risk, Research Suggests -
Katie Price Defends Marriage To Lee Andrews After Receiving Multiple Warnings -
Seahawks Super Bowl Victory Parade 2026: Schedule, Route & Seattle Celebration Plans