The case for taxing land
June 30, 2021
Budget 2021-22 looks good on paper in so far as it avoids the usual compulsions of belt tightening to meet IMF conditionalities and so can claim with some reason to be expansive with a growth bias. But, as in the past, the problem is that it doubles down on the existing tax structure which means heavy reliance on indirect taxes (customs duties, sales taxes, excise duties). This skews the economy further in favour of the rich.
Besides, fluctuations in the exchange rate lead to variability in tax collections because of concurrent changes in the valuation basis of imports.
PC-I of Rawalpindi Ring Road sent to Lahore for approval dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.
Legal challenge facing Punjab govt if R3 alignment is aborted
June 28, 2021
ISLAMABAD: The Punjab government is likely to face a major challenge in retrieving as much as Rs2.3 billion it has paid to landowners as compensation for acquisition of their lands in case the new alignment of the Rawalpindi Ring Road (R3) project is cancelled.
An official close to these developments told The News that most of these landowners had already spent the money they had received from the government during the acquisition. “Most of them have spent the money on motorcycles, cars, marriages of their children or acquisition of new houses or lands.”
FO rejects report claiming former SAPM Zulfi Bukhari visited Israel geo.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geo.tv Daily Mail and Mail on Sunday newspapers.
ISLAMABAD: The Punjab government is likely to face a major challenge in retrieving as much as Rs2.3 billion it has paid to landowners as compensation for acquisition of their lands in case the new.