9.1 C
Thursday, June 24, 2021

US should not encourage tax rate but base

- Advertisement -spot_imgspot_img
- Advertisement -spot_imgspot_img

Islamabad: The Pakistan Economy Watch (PEW) on Wednesday said US should not push Pakistan to hike tax rate. Instead, it needs to stress on widening the tax base. Stressing across-the-board tax base may improve US rating among common Pakistanis as it will improve economy and overall situation, it said.

The campaign of US Ambassador to Pakistan Cameron Munter is not going down well with taxpayers. His move is against the interest of his own country, said Dr. Murtaza Mughal, President PEW. He said that unlike majority of Pakistanis, a good number of trade leaders as well as industrialists support America but now some have started thinking otherwise.

US reluctance to talk on taxing agricultural income and increasing corruption has raised concerns in many circles, he said. It is yet to demand transparency in FBR and state-run inefficient enterprises. Dr. Murtaza Mughal said that government would gain nothing from RGST except promotion of undocumented economy, tax evasion and political frictions.

US Ambassador should try to ensure access of Pakistani goods to American markets to improve ratings, he opined. “Rulers should try to eradicate or at least minimize corruption, not to promote it as it has resulted in international disgrace,” he said.

Corruption has transformed Pakistan into a heaven for international financial criminals who are looting our wealth. It has stopped development, increased poverty and boosted uncertainty. It has put the country on path of social, political and economic disorder.

Dr. Mughal said that actions of incompetent politicians are resulting in disappointment among masses and they think that democracy cannot work in Pakistan.

Pak Economy Watch

- Advertisement -spot_imgspot_img
Latest news
- Advertisement -spot_img
Related news
- Advertisement -spot_img


Please enter your comment!
Please enter your name here