Meant For Idps: Multan Chamber for removing super tax
Malik Awan says high taxes only lead to tax evasion
PHOTO: REUTERS
MULTAN:
The Multan Chamber of Commerce and Industry (MCCI) recommended on Wednesday the abolition of super tax imposed on the income of rich people and companies for rehabilitating the internally displaced persons (IDPs). “The government imposed 3% super tax on the annual income of Rs500 million and above and 4% on the income of banking companies in 2015 for the rehabilitation of IDPs that was extended to 2016 and 2017,” MCCI President Malik Asrar Awan said. “The government should abolish this tax since there is no further justification for it,” he said while talking to the media. Awan argued that high tax rates in Pakistan promoted tax evasion rather than making the government’s coffers heavier.
Published in The Express Tribune, March 29th, 2018.
The Multan Chamber of Commerce and Industry (MCCI) recommended on Wednesday the abolition of super tax imposed on the income of rich people and companies for rehabilitating the internally displaced persons (IDPs). “The government imposed 3% super tax on the annual income of Rs500 million and above and 4% on the income of banking companies in 2015 for the rehabilitation of IDPs that was extended to 2016 and 2017,” MCCI President Malik Asrar Awan said. “The government should abolish this tax since there is no further justification for it,” he said while talking to the media. Awan argued that high tax rates in Pakistan promoted tax evasion rather than making the government’s coffers heavier.
Published in The Express Tribune, March 29th, 2018.