Budget philosophy: Govt willing to adjust high tax rates

Government willing to review taxes to monitor effect of growth in any sector or industry

ISLAMABAD: Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan said on Wednesday that the government was willing to review and adjust high tax rates in case they were found to be stymieing growth of any sector or industry.

“The government is not in favour of counter-productive taxes as our prime objective is to promote growth and help businesses flourish and contribute more revenue to the national exchequer,” he said while talking to a delegation of the American Business Council of Pakistan.



Akhtar told the delegation that the government valued the contribution made by multinationals to the growth of revenue and economy and the downward revision in corporate tax rate from the previous 35% to the current 30% reflected the government’s desire to further facilitate the corporate sector.



“We are reviewing proposals and recommendations to further facilitate this sector in the upcoming budget which will be pro-investment and pro-businessman in nature,” he added.

Published in The Express Tribune, March 15^th, 2018.

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