Taxpayers must adopt carefully structured approach to ensure compliance while optimising tax efficiency

Challenge not merely about tax rates, but about design, trust & governance

Cosmetic measures may raise short-term revenues, but don't treat deep-rooted issues

Though Act promotes digitisation and documentation, taxation still not based on principle of equity

Trust deficit, outdated systems and governance weaknesses preventing country from achieving desired tax-to-GDP ratio

Despite being tax compliant, this segment faces high taxes, erosion of benefits

Dispute over NOCs for funds threatens to adversely impact net savings of employees

Bill may help achieve targets but several factors should be considered in advance

Govt’s core objective is to generate revenue with no concern for public welfare

Rationalising taxation laws and broadening tax base should be priorities