Bahr Haal – 1st June 2019 - Pakistan's Tax System And Economy

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[samy99]

ON TAX SYSTEM I AGREE WITH SHABBAR ZAIDI THAT IT HAVE TO BE OVERHAULED AND ALSO THE FBR DEPTT FULL OF CORRUPT PEOPLE BECAUSE IN THE PRESENT SCENARIO VERY DIFFICULT TO MEET ITS TARGET . NOWHERE IN THE WORLD PEOPLE LIKE TO PAY TAXES HAPPILY , ITS THE GOVT JOB TO COLLECT IT AND IN THE WEST THEY KNOW HOW ? PEOPLE HAVE NO OPTION BUT TO PAY OTHERWISE , THEIR ASSETS WILL BE SEIZED OR SEND THEM TO JAIL OR BOTH . IN PAKISTAN PEOPLE LIKE TO RELISH BUT DONT WANNA PAY ANYTHING TO THE GOVT SO GOVT IN THE PAST KEPT BORROWING FROM FOREIGN FINANCIAL INSTITUTIONS TO MEET THEIR GOALS IN THE COUNTRY WHICH ALSO BIG PART OF IT WAS THEIR CORRUPTION , WIDE SPREAD AND EVERYONE KNOWS THAT SO OUR PEOPLE ARE NOT USE TO IT TO PAY DIRECT TAXES BECAUSE OUR LEADERS WERE DOING THEIR OWN BUSINESSES ( THATS CONFLICT OF INTEREST ) AND NOT PAYING PROPER TAXES , FAKE AND FOREIGN ACCOUNTS AND ITS TRAVESTY .
AMERICAN PRESIDENT NIXON'S ACCOUNTANT DID'T SHOW HIS FULL INCOME BY MISTAKE IN HIS RETURN TO THE REVENUE DEPTT AND NIXON WAS HELD RESPONSIBLE FOR THAT AND NIXON PAID TAXES ON EXTRA INCOME WITH FINES AND PENALTY .
THATS JUSTICE , NIXON WAS PRESIDENT OF UNITED STATES THAT TIME .

CAN WE BELIEVE THIS KIND OF SYSTEM IN PAKISTAN---NO . MAY BE PTI WILL THINK TO REFORM THE TAX LAWS SO NATION GET WHAT IT DESERVES SO MONEY CAN BE USED FOR DEVELOPMENT PROJECTS , INFLATION AND UNEMPLOYMENT PROBLEMS BE REDUCED . IT WILL BE GRATIFYING IF THE ELITES IN THE COUNTRY COME FORWARD AND GIVE EXTRA MONEY TO GOVT SO NATION CAN MOVE FORWARD FROM THIS FRIGHTENING SITUATION . IF THEY DONT , GOVT SHOULD GET THE INFORMATION THROUGH THEIR AGENCIES , RAID THEIR HOUSES AND BANK LOCKERS OF ELITES WHERE THEY ARE HOARDING BILLIONS OF PAK AND FOREIGN CURRENCY . THERE ARE MILLIONS OF WAYS TO FIND OUT . IF THE RICH COUNTRY LIKE U.S , THEIR ELITES CAN GIVE EXTRA MONEY TO THEIR GOVT TO REDUCE NATIONAL DEBT THEN WHY NOT A POOR COUNTRY LIKE PAKISTAN , ITS ELITES CANNOT HELP PAKISTAN TO REDUCE THE BUDGET DEFICIT ? 50 TO 60% ARE NOT PAYING THEIR TAXES WHEREAS THEY SUPPOSE TO PAY BUT ARE NON FILERS . FBR OFFICIALS ARE ALSO PART OF THIS SCAM BECAUSE THAT MONEY GOES INTO THEIR POCKETS---WHO CARES ABOUT THIS NATION ? THE 1% ARE ALSO NOT PAYING THEIR TAXES PROPERLY EXCEPT THE SALARIED PEOPLE . SHABBAR ZAIDI IS A QUALIFIED PERSON , HE SHOULD ADVISE THE PM AND FINANCE MINISTER ABOUT THE CHANGES IN THE TAX SYSTEM . I AGREE WITH HIM EVERYONE SHOULD BE DOCUMENTED .
INDIRECT TAXES ARE BURDEN ON LOWER AND MIDDLE CLASS , TRY TO AVOID IT . THERE IS TOO MUCH BLACK MONEY AND NON FILERS IN THE COUNTRY , THEY SHOULD BE CAUGHT.
PTI GOVT SHOULD MAKE " PAKISTAN FUND " SO PEOPLE CAN DONATE THE MONEY IN THIS FUND , IT WILL ALSO BE A GOOD CHANCE FOR RICH AND ELITES TO DONATE WHICH WILL SHOW THE NATION WHO DONATED AND HOW MUCH . MAY BE A MEDAL ALSO GIVEN TO THOSE BIG DONORS---JUST TRY THIS , THERE ARE NO SHORTAGE OF PATRIOTICS AND KIND HEARTED PAKISTANIS .

NOTE : PETROL PRICE IS $1.26 PER LITRE IN THE WEST AND 33 CENTS OF IT GOES TO THE GOVT AS TAX SO IF PAKISTAN INCREASE THE PRICE ,ITS JUST BECAUSE OF INTERNATIONAL PRICE IN THE MARKET .