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Experts Stress Need for Documentation of Economy to Enhance Tax Net

Experts Stress Need for Documentation of Economy to Enhance Tax Net
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Death & taxes

Death & taxes March 12, 2021 LAHORE: The present regime has wasted three years to unearth corruption of past rulers without documented proofs that could convince the courts. The economy was badly neglected and we have become loan junkies. Next two years pose a stiff challenge for not only this government, but also the general public as former would have to muster political will to take transparent and difficult decisions and latter will have to bear the brunt of those measures (it is a sad reality that general public has already paid a high price of three years’ misrule of this regime). Now the present regime has shown its intent by withdrawing many subsidies but that is not enough and many more exemptions and subsidies in the next budget. Withdrawing subsidies and increasing indirect taxes seems to be an easy way out, which is not true.

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