PTI, JI’s first joint attack on PML-N in NA

[SBD-3]

So why did the Supreme Court ask for a clarification?

Because SC considered the point that finance bill should be approved first before any changes in tax be implemented. Finance team will go and present their point of view in the court. I don't think that there should be any conflict here anywhere.

 

[SBD-3]

They aren't identical taxes nor are they levied at the same stage or methods.
However, their effects that I pointed out are absolutely the same.

My real question is, why have such a regressive tax at this point?
Surely progressive tax implementation is the way to go at this stage...

Even if PML claim to be free market economists, given our situation, the kind of tax reform upon speculations seems illogical.
Albeit, they have done a a better job than PPP government, but doing better then the old guy just isn't enough for Pakistan's current situation.

?????????????

 

[SEAL]

They aren't identical taxes nor are they levied at the same stage or methods.
However, their effects that I pointed out are absolutely the same.

My real question is, why have such a regressive tax at this point?
Surely progressive tax implementation is the way to go at this stage...

Even if PML claim to be free market economists, given our situation, the kind of tax reform upon speculations seems illogical.
Albeit, they have done a a better job than PPP government, but doing better then the old guy just isn't enough for Pakistan's current situation.

Your question is sensless, though lack of sense is common practice in PTI camp but i would like to inform you that Increase in Tax and reforms are need of the hour. Gov had two options beg money from others or print notes to run country they have chosen the right one. FYI in 1998-99 tax to Gdp ratio was 13% which is now 8.9% so before criticizing PML-N on tax issue we need to slap on our faces. We don't pay taxes and we expect Gov will turn Pakistan into top economy of the world.

 

[Jango]

Increase in Tax and reforms are need of the hour.

And those reforms would have been taxing real estate, stocks, private entrepreneurs, putting in capital tax etc. A few small steps have been taken in that regard such as the duty on imported leather bags and designer suits etc, but they are hardly reforms.

There are still millions of people who are outside the tax net. Still the big fish are free!

Hard steps are needed, the needless subsidies need to be cut and made into targeted subsides, but those hard steps need to be taken all across the board, not only the salaried guy. A 50 lac a month guy isn't going to be affected by these nominal price increases, but a middle class salaried employee is.

 

[Jungibaaz]

?????????????

The GST will have the same effects as a value added tax would.
Inflationary pressures, high admin costs, and it is also regressive.

Your question is sensless, though lack of sense is common practice in PTI camp but i would like to inform you that Increase in Tax and reforms are need of the hour. Gov had two options beg money from others or print notes to run country they have chosen the right one. FYI in 1998-99 tax to Gdp ratio was 13% which is now 8.9% so before criticizing PML-N on tax issue we need to slap on our faces. We don't pay taxes and we expect Gov will turn Pakistan into top economy of the world.

Tell me where I said that tax revenue maximisation was bad?
Where, one place, anywhere where I've said that?

I mean to say that GST increase, is the wrong kind of tax and not 'the need of the hour'.
It will affect the poor, the most since it's regressive, and it will cause inflation.
There are hundreds of ways to reform tax. Hundreds, why choose to implement an even more aggressively regressive tax?

This isn't a 'senseless' question, it's a very valid one. If you can't understand it, or refuse to...
Not my problem.

No need to follow your leadership like sheep, learn to accept criticism, you are now in government, criticism will always outweigh praise.

 

[SBD-3]

Hum Sub on Capital Tv - 14th June 2013
Exclusive interview with Ishaq Dar on capital TV

 

[SBD-3]

The GST will have the same effects as a value added tax would.
Inflationary pressures, high admin costs, and it is also regressive.

1-Of course consumption taxes are regressive but they are levied nevertheless because its rarely possible to collect all the income from progressive taxation.
2-However, the changes in VAT are more inflationary than GST because VAT involved multistage taxation whereas GST follows one point taxation. So if VAT increases by 1%, the taxation burden increases at all the steps by 1%, translating into relatively higher inflation than GST.

 

[SEAL]

And those reforms would have been taxing real estate, stocks, private entrepreneurs, putting in capital tax etc. A few small steps have been taken in that regard such as the duty on imported leather bags and designer suits etc, but they are hardly reforms.

There are still millions of people who are outside the tax net. Still the big fish are free!

Hard steps are needed, the needless subsidies need to be cut and made into targeted subsides, but those hard steps need to be taken all across the board, not only the salaried guy. A 50 lac a month guy isn't going to be affected by these nominal price increases, but a middle class salaried employee is.

They are moving step by step and they touched every sector as far as real estate and capital gain tax is concern property is dead now a days, lets the economic activity began first and growth rate touch 4-5% then CGT will be more beneficial.

You can't create distinction between salaried class or burger class you have to pay tax onIncome obviously lower incomes are exempt.

I agree with you 100% hard steps need to be taken across the board with criminal proceedings and penalties against tax theives even if someone belong to PML-N and for that we have to give power and authority to FBR.

 

[Jango]

They are moving step by step and they touched every sector as far as real estate and capital gain tax is concern property is dead now a days, lets the economic activity began first and growth rate touch 4-5% then CGT will be more beneficial.

You can't create distinction between salaried class or burger class you have to pay tax onIncome obviously lower incomes are exempt.

I agree with you 100% hard steps need to be taken across the board with criminal proceedings and penalties against tax theives even if someone belong to PML-N and for that we have to give power and authority to FBR.

Property is not dead in Pak...no way. Just look around on TV for starters, the amount of housing scheme ads.

 

[Jzaib]

Very selfish from govt employees. Pmln should not have done this !!!

a noon league supporter was saying that as well and a richsaw wala said him ...hur chupo tusi ...

 

[Jzaib]

Your question is sensless, though lack of sense is common practice in PTI camp but i would like to inform you that Increase in Tax and reforms are need of the hour. Gov had two options beg money from others or print notes to run country they have chosen the right one. FYI in 1998-99 tax to Gdp ratio was 13% which is now 8.9% so before criticizing PML-N on tax issue we need to slap on our faces. We don't pay taxes and we expect Gov will turn Pakistan into top economy of the world.

if u r so worried about taxes ..tax land lords ..impose tax on property .. nawaz sharif live in such a big house and he pay less then 10 lacks ... ush ko tu zakar b milni chia ... itna gareeb ha bhie

 

[muse]

if u r so worried about taxes ..tax land lords ..impose tax on property .. nawaz sharif live in such a big house and he pay less then 10 lacks ... ush ko tu zakar b milni chia ... itna gareeb ha bhie

Should the tax burden be fair and shared by all ? Why should a minority carry the rest of Pakistan by paying taxes while the majority do not? Seems to me that indirect taxes allow the burden to be shared by all

 

[Jzaib]

Should the tax burden be fair and shared by all ? Why should a minority carry the rest of Pakistan by paying taxes while the majority do not? Seems to me that indirect taxes allow the burden to be shared by all

i dont agree ... everywhere in the world rich people pay more taxes .. a landlord or people have so many agriculture land ..they should pay taxes rather then a farmer who work all year just to live hand to mouth ,,,,

 

[muse]

i dont agree ... everywhere in the world rich people pay more taxes .. a landlord or people have so many agriculture land ..they should pay taxes rather then a farmer who work all year just to live hand to mouth
,,,,

I think you misunderstand - we are all in favor of progressive direct taxation --- having said that, since the majority of those who can, do not pay such taxes, and since therefore, a minority has to carry a majority on it's back, the notion of "fairness" seems to have been turned on it's head --- Ideally EVERYONE must pay taxes, according to the rates they are taxed, alas, this is Pakistan we are talking about, where every single common sense notion is under attack.

Yes, of course land owners should pay more taxes than a kayhsan, but since this is not happening nor does it appear that it will anytime soon, taxes on consumption must suffice - if you note, since land owners consume more they end up paying more taxes .

 

[redgriffin]

As a CA all I can say regarding PmlN's supporters defending the budget here is that you whole lot are wilfull dumbasses, commenting on a topic you idiots don't have an iota of knowledge on. I've recieved budget briefs from the Big4 & a few Investment houses & the verdict across the board is unanimous ''Dar gave an absolutely **** budget which benefits big business more, squeezes SMEs & the salaried class & has done jackcrap for increasing the real tax base.'' Like a colleague & friend put it the most regressive budget he has seen in the last 12 years.
The budget has all the potential to push Pakistan into deflation & to the ignorant nutters on this forum DEFLATION = BAD. Comprende? Nah who am I wasting my breath at? Summun Bukmun quom.