Pakistan agrees to slap billions in new taxes

[Yaduveer]

IMF is effectively running pakistans economy.

Kis munh se Sovereignity ki baat karte the

 

[[Bregs]]

A choice is for a foreign/ finance minister to beg for money from rich nations, while wearing Gucci sunglasses and carrying there handbag. You go to the IMF/ WB because you don't get anything. Unless you go to the Chinese promising to pay up to 20% interests.

America didn't become a superpower by taking out loans from the IMF or WB.



Tax nets need to increase regardless. If you have a 200 million people population but only 10 million are paying taxes, that includes the Ministers in he government, who happen to be the richest people but only pay 5,000 rupees the tax system is fu<ked up.

Taxes are only bad if the deadweight is more than the potential surplus if the taxes weren't enacted. If the services are more than the loss of surplus than the tax isn't bad at all.

well US n western world has always been lucky in getting taxes paid by its people honestly since beginning unlike corrupt sub continent where there are more thugs. so these countries did not beg for loans though there are countries there too who have overspent liberally and are on verge of collapse like greece, Italy n spain

 

[xyxmt]

If the government is going to raise taxes then why will it require additional loan

In my opinion, government should go after the tax thieves, instead of common man tax payers.

I think a Nine Zero like raid on Bilawal House will recover far more than the 40 Billion PKR which your government hopes to generate.

Tax thieves are the one taxing

 

[Thəorətic Muslim]

well US n western world has always been lucky in getting taxes paid by its people honestly since beginning unlike corrupt sub continent where there are more thugs. so these countries did not beg for loans though there are countries there too who have overspent liberally and are on verge of collapse like greece, Italy n spain

haha, you do not know America man, there are too many loopholes for companies and individuals to avoid taxes. Things are starting to change, its becoming harder and harder here too.

But there's hope.

 

[xyxmt]

Its time for NS to bring in a new Finance minister the one who doesnt have any vested interests...This Dar guy has been around too long and knows all the corrupts and corruption techniques...If NS wants to be remembered for something good then he must do this.

 

[VCheng]

These choices are made by those who are elected by few short sighted people and the deficit is met by rigging. So no, these are not our choices but that of our corrupt leaders.
Any way we aren't anything less than filthy cows ourselves. Had we not chosen tax theft to be our national occupation, we wouldn't be in this dilemma. We are as much to blame for ruining the country as these leaders of a few segments of society are.

After all, people get the government they deserve.

 

[[Bregs]]

haha, you do not know America man, there are too many loopholes for companies and individuals to avoid taxes. Things are starting to change, its becoming harder and harder here too.

But there's hope.

you are right developed world has tax avoidance issues too but tax payee far outnumber the defaulters

 

[Thəorətic Muslim]

you are right developed world has tax avoidance issues too but tax payee far outnumber the defaulters

Depends on which economist you talk too. Some say the loopholes could balance the budget others think differently.

If America closed a couple of ridiculous loopholes, like the Pentagon paying for the fuel for jets carrying CEOs of major Fortune 500 companies, First in Last out for oil companies.

Just google ridiculous tax loopholes.

 

[I S I]

F¥€£

 

[nForce]

Somebody has to start paying for all those loans. How long can this continue? IMF has also suggested devaluation of Pakistani currency.

 

[Dubious]

to bridge the shortfall in its revenue targets.

and here people were reporting like Pakistan was hitting the moon

 

[waz]

More taxes on the poor and middle class I suppose. I don't see the Pakistani elite being touched....

 

[Azadkashmir]

Pakistan to get shock therapy by imf because greedy kafir government.
that finance minister has son in dubai who has millions to his name where they got this money / imf.
quran states no money lenders no usury. imf is criminal organization who real goal is to give corrupt leaders/governments
large loans and get the country into perpetual debt it never get out of it.
are you people mad>? if this does not get paid they take your ancestor land, this is war against the poor and those that are resisting the most. most people who are hard resistance this are farmers because they know land is freedom, to able to produce your own food and water is survival, city people don't have that survival luxury.

 

[VCheng]

More taxes on the poor and middle class I suppose. I don't see the Pakistani elite being touched....

I suppose that is true pretty much all around the world.

 

[Thəorətic Muslim]

quran states no money lenders no usury. imf is criminal organization who real goal is to give corrupt leaders/governments

I want to buy a house, please tell me the difference between interest and rent?

I went to an Islamic Loan company here in the US with my parents. I see no difference between Islamic loans and interests, and this statement i've asked and told to the face of loan officers who come to the Masjid to "educate" the community.

For a loan of $390,000, with a 5% interest my parents would have paid a total of $756,698 after 30 years. My parents went to the "Islamic Loan" company, same loan amount, they would have paid $849k, but rather than interest it was called "Rent". This was back in 2003. (5% interest was pretty good back in 2003).

and here people were reporting like Pakistan was hitting the moon

What did you think the Pakistani Foreign Reserves hit $20 billion because NS's amazing economic policies. And SS's 6 month energy crisis ending plan.