Opposition leader Syed Khurshid Shah paid Rs62,214 as income tax. DESIGN: ESSA MALIK
While Nawaz had filed his hefty tax bull, he did not pay a penny in the Income Support Levy, imposed at a rate of rate of 0.5% on the value of all moveable assets by his own government. His entire cabinet appeared to be earning modest incomes and paid very little in taxes.
Opposition Leader in National Assembly Syed Khursheed Shah paid just Rs62,214 income tax in fiscal year 2012-13 that ended on June 30. He too did not pay any Income Support Levy (ISL), according to the Tax Directory. All earnings from the ISL was earmarked for beneficiaries of Benazir Income Support Fund.
Finance Minister Ishaq Dar, while noting the data to be provisional, said that due process was being undertaken for the remaining parliamentarians.
The directory added that all 1172 parliamentarians had obtained their National Tax Numbers (NTNs). Of these, as many as 1072 had filed income tax returns for the tax year ending June 30, 2013, leaving only 100 parliamentarians unaccounted for.
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If you are searching for a certain Imran Khan tax amount that he paid, it is paltry Rs. 194,000.
and you thought change is coming.. ha!
Those who don't believe in the system, and doesn't respect it, has no right to be a parliamentarian and thus must be picked out.
A quick search on WIKIPEDIA for "Nawaz Sharif" would result in a long and detailed article about the current PM, along with an interesting "wealth section" near the end. The footnote for that section is particularly interesting for it reveals detailed empires for some notable Pakistanis! As for taxes paid by Nawaz Sharif, Rs 2.65 million is a little over $25,000 US Dollars, which is a pittance on an estimated (wikipedia reference) world wide personal empire worth more than $1 Billion US!!! By the way $ 1 billion US is written as $1,000,000,000.00 By comparison, on assets worth between $190 and $250 million USD per disclosures, Presidential candidate Mitt Romney earned around $13.7 million $US, and paid Federal incomes taxes on that of around $1.9 million USD!
what you guys are forgetting is this tax payment is for fiscal year 2012-13 which ended on 30 june last year.during that year, nawaz was not the PM...he took oath on 5th june only..
This is another great step towards real democracy in Pakistan when the clean-up process is working to weed out the fake degreeholders, dual nationals and now tax non-filers. The parliamentarians who do not file their tax returns should be Disqualified and given the same punishment as fake degreeholders and dual nationals who have lied under oath. In the next stage, scrutinization of all these tax returns should be made and shortfall, if any, must be recovered. This process should be repeated for all Government functionaries (bureaucrats, military, judiciary) who are being paid from the Taxpayers money.