Tax amnesty scheme has good chances of working to pakistan's betterment this time. Reason is it is timed with some new regulations arising in some western countries where overseas depositers in banks are told to decide which tax jurisdictions they will opt for and information shall be relayed to pakistan tax authorities if they opt for that . Previously though regulations similar to that existed but were not fully enforced so now Pakistanis with deposits in overseas banks have the choice to bring money to pakistan and might do so as interest rates are minimal in West . The factor which can stop that inflow is falling currency rate of ours.
It is better to ask our own people for money deposited abroad than asking IMF.
People like Imran khan who do not earn a living and have no profession cannot understand the issue and his opposition to tax amnesty shows how Naive he is . Pakistan is a country with huge influx and outflux of its people , these have two economic existences and hence assets overseas is not unexpected and this needs protection.
Bilawal too is one who is son of a extortionist Zardari , he too has not earned from honest business so he too does not know the issues involved . So he too is opposing Tax amnesty.
Tax amnesty scheme is a good scheme, it will work to a limited extent and might result in some inpouring of bank accounts .
Imran himself availed himself of Tax amnesty scheme as acknowledged in courts.
A country with 7 million pakistanis overseas will always need to have regular tax amnesties schemes and infact this should be made permanent feature.
Imran's opposition and threat to overturn this scheme will cost him overseas support of pakistanis and create opposition to him in business community .
It is better to ask our own people for money deposited abroad than asking IMF.
People like Imran khan who do not earn a living and have no profession cannot understand the issue and his opposition to tax amnesty shows how Naive he is . Pakistan is a country with huge influx and outflux of its people , these have two economic existences and hence assets overseas is not unexpected and this needs protection.
Bilawal too is one who is son of a extortionist Zardari , he too has not earned from honest business so he too does not know the issues involved . So he too is opposing Tax amnesty.
Tax amnesty scheme is a good scheme, it will work to a limited extent and might result in some inpouring of bank accounts .
Imran himself availed himself of Tax amnesty scheme as acknowledged in courts.
A country with 7 million pakistanis overseas will always need to have regular tax amnesties schemes and infact this should be made permanent feature.
Imran's opposition and threat to overturn this scheme will cost him overseas support of pakistanis and create opposition to him in business community .
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