Islamabad: [May 27]
The Pakistan Economy Watch (PEW) on Friday said that reintroduction of across the board Wealth Tax on affluent class of society can help government generate enormous funds.
Alternatively, government can consider levying Wealth Tax on exempted income like agriculture, capital gains, asset gains, and remittances, it said.
This will help shrink black economy, contain artificial hikes in property market, safeguard small investors, and help government it meet budgetary targets, said Dr. Murtaza Mughal, President, PEW.
Expenditure side is growing while income is sliding due to war on terror, performance of FBP and lack of financial discipline, he said while talking to tax and banking consultant Mohsin Rafique.
0 comments:
Post a Comment