Favoritism in taxation - News Summed Up

Favoritism in taxation


Had the leaders considered all citizens equal, everyone would have been made to pay taxes directly proportionate to income regardless of the means of income. The International Monetary Fund (IMF) has stressed more than once that Pakistan needs to tax the rich, widen the net, levy direct taxation on all who earn above a declared threshold. All over the world, citizens pay taxes and obey laws because of the fear of fine or punishment. The IMF has asked the Pakistani government to increase revenues through direct taxation. It is the government that has decided to protect its own favourites from taxation, rely on indirect taxation and increase the burden on the salaried class.


Source: Pakistan Today August 05, 2024 20:02 UTC



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