Tuesday, May 31, 2011

Wealth Tax unacceptable: FPCCI

Vice President Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Khalid Tawab has said that business community of Pakistan will not accept Wealth Tax.

Government should shelve plans to impose this tax that is unjustified in the current set of circumstances, he said.

Speaking to business community at FPCCI, Capital Office, Tawab said that the income that has already been taxed should not be taxed again. It is not practiced anywhere in the world, he said.

Government will have to face resistance from the entire business community of the country if Wealth Tax is imposed, he warned.

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