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Chief Minister (5k+ posts)
Govt shifts burden to common taxpayer
LAHORE: [HI]For the first time in the history of Punjab, the provincial government has given five percent relaxation in taxes to the elite class, and has shifted the burden of that percentage of taxes on the middle, lower-middle and working classes through indirect taxes.[/HI] The decision was revealed on Friday by the opposition in the Punjab Assembly (PA) during the general debate on budget for fiscal year 2011-12.
He informed that the government had announced in the budget that it will collect a total of Rs 88 billion through direct and indirect taxes from the citizens during the next fiscal year. “The government plans to collect Rs 65 billion through indirect taxes, which makes up 75 percent of the total amount, greater than last year’s percentage of 70 percent,” Naulatia added.
Separately, Naulatia explained that the government had given relaxation [HI]to the privileged class by reducing five percent of the direct taxes, which previously made up 30 percent of the total taxes, adding that now only Rs 23 billion would be collected through these taxes.[/HI]
http://www.dailytimes.com.pk/default.asp?page=2011\06\18\story_18-6-2011_pg13_1
LAHORE: [HI]For the first time in the history of Punjab, the provincial government has given five percent relaxation in taxes to the elite class, and has shifted the burden of that percentage of taxes on the middle, lower-middle and working classes through indirect taxes.[/HI] The decision was revealed on Friday by the opposition in the Punjab Assembly (PA) during the general debate on budget for fiscal year 2011-12.
He informed that the government had announced in the budget that it will collect a total of Rs 88 billion through direct and indirect taxes from the citizens during the next fiscal year. “The government plans to collect Rs 65 billion through indirect taxes, which makes up 75 percent of the total amount, greater than last year’s percentage of 70 percent,” Naulatia added.
Separately, Naulatia explained that the government had given relaxation [HI]to the privileged class by reducing five percent of the direct taxes, which previously made up 30 percent of the total taxes, adding that now only Rs 23 billion would be collected through these taxes.[/HI]
http://www.dailytimes.com.pk/default.asp?page=2011\06\18\story_18-6-2011_pg13_1
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