Donatello
RETIRED TTA
- Joined
- Dec 10, 2009
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They are not paying enough just look at how companies pay taxes in China and india and even Africa, companies in Pakistan pays more to government than to the national treasury thus here comes corruption when that money is never registered to have been taken. How much tax do you think government collect from unknown unseen companies that produce plastic material including plastic bags that you see in every big/tiny shop and even rari wala? these are hidden billion dollars companies working in Pakistan without notice or being notice but kept low profile and the only benefit is to the government again corruption. My friend think deep you'll know there are companies operating that we don't even care or think about yet they make billions and pay zilch zero. Anyway back to Topic.
What i meant to say was that big name corporations do pay taxes. All of the MNCs pay taxes. The problem is as you said there are many privately owned business like falana and falana textile mill, spinning mill, auto parts makers who are not even registered with FBR. And then people dodge taxes by shady accounting practices, by understating profits or claiming that the stock was destroyed in a fire or flood. So they get away with it. The biggest chunk is Agriculture and related industries.