Cabinet approves govt's first tax amnesty scheme, available until June 30

[shahbaz baig]

The only good thing about this scheme is "Every Pakistani citizen will be able to avail the scheme except for people who have held a public office and their dependents."

Tax amnesty schemes have never worked and the reason for it is that there has never been a crackdown on tax-evaders after the scheme's timeline had elapsed. I reckon this one will fail too and for exactly the same reason, no repercussions for not availing the scheme.

last year government received a tax amount of Rs36bn on whitening of foreign assets and Rs61bn on domestic assets. In addition, $40 million has been repatriated.

It would be nice If foreign assets are repatriated, otherwise it's a peanut as always.

But the foreign assets of Big fish are protected by international lobbies. Offshore havens and tax avoidance have influential defenders who continuously lobby hard to maintain the status quo within system, so it's really hard to collect handsome tax amount by this amnesty scheme. I bet that the amnesty scheme will be extended.

Suggestion
the plans for automatic sharing of pakistanis tax data between Pakistan & other countries is required to curb the foreign assets in order to put final full stop on money laundering.

 

[shahbaz baig]

Hm eisi per khosh hain k public service holder is amnesty ka hissa nhi hogain, is baat se kesi public service holder ko koe farq nhi padhy ga WO apny kesi bhi banday k naam se kaly ko sufeed kr sakta hai.

Dosri tarf hm khoshi khoshi system k lootero ko bula tu rahain hain bina ye sochay samjhy k WO log agr Aabhi jain lakin kia WO log apni loot mar ki khaslat bhool jain gain? Hargiz nhi WO oulta mazeed loot mar kr k jain gain Q k apny loop holes tuo abhi tak kholay chodain hain, is lia black ko white krny walo se ye pochna zarori hai k ounho ny black kiya kesy tha taky mustaqbil mai oski rooktham ki jae, nhi tuo phir back to square k lia ready raho.

 

[Devil Soul]

 

[fisher1]

Imran Khan proves time and time again that he's a lying scumbag politician who said anything and everything to gain votes

 

[Turingsage]

Surely this must be the greatest corruption ever done in the history of Pakistan. He has written off 100's of billions of corrupt money and converted it to white for those that committed corruption. This appears to be a reward for being corrupt

The fix the "finance minister" has offered is sweet. Sweeter than all the honey in the world. Rob the state of billions , hide it away then offer the government just 4% of the ill gotten gains and overnight that black money becomes white and you get to keep 96% of it.
You cant make it up.
Then claim that IMF asked him to do it to bring the "undocumented" into the fold.
IMF asks the govt to keep accurate records of the economy and the "finance minister" interprets this to mean a tax amnesty.
Not a demand for maybe half the money but a whopping 4 whole percentage points.
Every looter will be laughing all the way to the Bank
I cannot follow the gobbledegook he came up with regarding illegally acquired properties
SBP keys handed to an IMF employee and FBR handed to a chartered accountant whose services were used by companies and individuals in defrauding the state of taxes.

 

[shahbaz baig]

Imran Khan proves time and time again that he's a lying scumbag politician who said anything and everything to gain votes

Imran khan proving day by day that he was naive & didn't know the critical situation of economy. He took uturn not for him self but for the country.

 

[FOOLS_NIGHTMARE]

Imran khan proving day by day that he was naive & didn't know the critical situation of economy. He took uturn not for him self but for the country.

I agree to the first part of your post and not the later. He is not naive, he has spent all his life duping people.Lets leave this subject to another day(i am fasting).

 

[Proudpakistaniguy]

Imran khan proving day by day that he was naive & didn't know the critical situation of economy. He took uturn not for him self but for the country.

He did not know economy is critical lol Actually this is pathetic excuse of Immi lovers to defend his Uturns. He was telling us about his political struggle of 20 years. He was candidate of prime minister and was going to lead the nation yet he did not know anything about economic condition of Pakistan. Every TOM, DIck and harry sitting even in India know all economic indicators of Pakistan. PTI knew everything about critical economy when they were on containers and asad umar used to give speeches in assembly against bad economic policies of previous Governments but rest agree he might be taking this bitter pill because gov is desperate for some cash

 

[shahbaz baig]

I agree to the first part of your post and not the later. He is not naive, he has spent all his life duping people.Lets leave this subject to another day(i am fasting).

He did not know economy is critical lol Actually this is pathetic excuse of Immi lovers to defend his Uturns. He was telling us about his political struggle of 20 years. He was candidate of prime minister and was going to lead the nation yet he did not know anything about economic condition of Pakistan. Every TOM, DIck and harry sitting even in India know all economic indicators of Pakistan. PTI knew everything about critical economy when they were on containers and asad umar used to give speeches in assembly against bad economic policies of previous Governments but rest agree he might be taking this bitter pill because gov is desperate for some cash

If we continuously debate a moral will be the system. To be honest this current parliamentary system is the root cause of all the problems.

 

[FOOLS_NIGHTMARE]

If we continuously debate a moral will be the system. To be honest this current parliamentary system is the root cause of all the problems.

I disagree,it is very successful in other SARC nations who are mostly similar to us. The crux of the issue in our case is that the system is not allowed to evolve. We tend to pluck the saplings hastily to get a quick fruit, but by applying simple common sense we should let it grow to a full tree, in order for it to be fruitful.

 

[shahbaz baig]

I disagree,it is very successful in other SARC nations who are mostly similar to us. The crux of the issue in our case is that the system is not allowed to evolve. We tend to pluck the saplings hastily to get a quick fruit, but by applying simple common sense we should let it grow to a full tree, in order for it to be fruitful.

May be after 10 years of same system you will realize.

 

[FOOLS_NIGHTMARE]

May be after 10 years of same system you will realize.

Just need to erase the VIRUS in our system, that has plagued us since our inception.

 

[fisher1]

Imran khan proving day by day that he was naive & didn't know the critical situation of economy. He took uturn not for him self but for the country.

Wah meray bolay miya. Imran Khan used to preach in his every speech that Pakistan loans were this before 2008 and then they became this after Zardari and then they became 27 thousand arab under Nawaz. He also told us that Nawaz Sharif looted 300 thousands arab rupees.

He also told us tax amnesty scheme is bad, how developmental funds are abused, how petrol is being sold expensive, how corruption is done blah blah blah..

So you're telling me he didn't know economy was this bad? I didn't know and Pakistanis didn't know and he told us in his every speech.

The only way i can believe this excuse is two ways. Either he was so high on cocaine that he didn't know and remember what he was talking about and forgot everything. Or he's gone completely loco due to old age and blabber nonsense like an idiot.

This picture tells who Imran Khan really is perfectly and why the poor are getting royally f..ed

 

[FOOLS_NIGHTMARE]

Any comments?

 

[313ghazi]

Surely this must be the greatest corruption ever done in the history of Pakistan. He has written off 100's of billions of corrupt money and converted it to white for those that committed corruption. This appears to be a reward for being corrupt

The fix the "finance minister" has offered is sweet. Sweeter than all the honey in the world. Rob the state of billions , hide it away then offer the government just 4% of the ill gotten gains and overnight that black money becomes white and you get to keep 96% of it.
You cant make it up.
Then claim that IMF asked him to do it to bring the "undocumented" into the fold.
IMF asks the govt to keep accurate records of the economy and the "finance minister" interprets this to mean a tax amnesty.
Not a demand for maybe half the money but a whopping 4 whole percentage points.
Every looter will be laughing all the way to the Bank
I cannot follow the gobbledegook he came up with regarding illegally acquired properties
SBP keys handed to an IMF employee and FBR handed to a chartered accountant whose services were used by companies and individuals in defrauding the state of taxes.

The offer is not valid for anyone who has held government office or their relatives.

Seems like you wet your dhoti early.