Sunday, May 29, 2011

Moneyed elite should take part in national development

The Pakistan Economy Watch (PEW) on Sunday said that reintroduction of Wealth Tax can help government generate additional funds to the tune of billions.

Levying Wealth Tax on income exempted from taxes will help shrink undocumented economy, contain artificial hikes in property market, and help government meet budgetary targets, it said.

It will also channel funds to some critical but neglected sectors, said Dr. Murtaza Mughal, President, PEW.

0 comments: