KAL-EL
PDF THINK TANK: ANALYST
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If you're going to address the problem then you have to do it full on, you can't do it in bits, it won't have the desired effect.1st i commend Pakistani Goverment atleast they are trying but problem is they are going too hard on everything and Pakistani already pay high amount of taxes indirectly majority of this will hit low to middle class which could have been created as the Backbone of Pakistani Economy
One thing i find really strange is any sane person with little understanding of money will understand that Majority of trade in Pakistan happens through Cash which is easier for people to hide.
A simple solution why dont they give 1 year notice to Banks to build Cash Less infrastucutre and force them to setup Contact less and Smarter Machines on every store.
Ban Every note higher than 50 RS and dont print any note higher than RS 50 1st 2 years will be really hard but it will boost economy much higher than all these shenanigans they are currently doing
Only God knows with these stranges steps being taken what will be the future but i cant bet you even if Imran Khans stays in Power for next 10 Year i wouldnt see it will bring major changeIf you're going to address the problem then you have to do it full on, you can't do it in bits, it won't have the desired effect.
It reminds me of the adage that you can't be a little bit pregnant. You're either pregnant or you're not, you can't be in between.
As for your cashless society, do you really think you can turn a country with a with the poverty and literacy levels it has and turn it cashless overnight?
Fine on paper but it would be chaos.
Read the history of Margaret Thatcher's government and how she sorted the British economy out. Hard and unpopular decisions have to be taken, and pain must be inflicted and endured before things will get better. The main thing is the political will to carry it through.Only God knows with these stranges steps being taken what will be the future but i cant bet you even if Imran Khans stays in Power for next 10 Year i wouldnt see it will bring major change
Now You do need bit of choas it could be postive and negative it depends on the leaders
Biggest issues Pakistan is Facing is Corruption, Bribery , Crimes i m not saying do it tomorrow 1 year is more than enough go hard
With Cashless society it will help crime rate itself when you make harder for people to obtain money.
When Majority of cash flows through your banking system it build up your banks which can use that money for investment.
If Pakistan cancel all the notes bigger than 50 RS how much black currency will become worthless papers
It will help build Pakistani currency as well.
it has soo many long term benefits only 1 major draw back it will hard for people in start ? is it ok to waste pakistani economy just because people are lazy ?
biggest example is Chinese currency how many people use cash
When india went for demonetization, was it blanket application for everyone and all or select few sections of the society?
Okay Mr Smarty pants ........ you got my attention. Stop begging for it, I will spare sometime to answer your nonsense
You wish me to reply to this nonsense well I would ...........
So tell me what do you know about Pakistan Taxes? Support your assertion and that ridiculous blanket assumption that Pakistanis don't pay taxes and I will prove to you that even Pakistanis who are not supposed to pay taxes have paid income tax for quite long, and Pakistanis (the elites, the untouchables) including the current Riyasat e medina Caliph haven't paid their fair share of taxes which they should have paid. Even today they are using the same old tools and same old sh*t tax laws to punish the ones which never had a say in any matters of the country.
Do you think people who have intentionally evaded taxes don't know how to play with this corrupt inept FBR and its tax collection (the same old system), and they have all their money parked in Pakistan, did you seriously think that this same old FBR with its old tactics and mentality would bring any different results?
FBR officials are good at sending stupid biannual notices to people who are already registered with them. Why because they are given unreasonable targets and they have to earn bonuses by showing their performance.
This government is in a haste, trying to find a quick fix, trying to get different results from the same old tools and means. Had this government used this one year before the budget on fixing leakages in FBR itself, the tax collection would have gone up not because elite who have means and ways to evade taxes would have started paying, but because the ones who already pay their actual contribution would have been reflected honestly and in a more transparent way ......... but no lets go with the same old thing and try getting different results.
I am waiting to be enlightened by a proud Canadian who thinks he is an expert on my country's matters.
You do realize that officers, especially those who are trained in foreign institutions like west point, are often taught economics, right? They have to be, in order to make more informed decisions within the armed forces, and deal with political ramifications.So basically PMA educates the cadets in financial and economic matters now, and along their career progression they keep upgrading on this ........ is this what you are saying Mr. Think Tanky?
The same Army that was okay with IJI, JI, JUI, MQM, and let the country and people suffer 2008 thru 2013 is now okay with PTI full of lotaz. Yep sure their approval means everything to you.
Extension for Raheel Sharif wasn't halal but Bajwa getting another term is halal.
Prove to me that Pakistanis pay income tax, prove it.
Only 1 percent pay taxes, out of all eligible people...
It literally took 2 minutes to find this.
Because, believe it or not, my family pays property tax in Pakistan.
Also, YOUR country? Other Pakistanis disagree with you, and agree with me. Are you so egotistical to believe that you're the only one qualified enough to talk about Pakistan?
Application on everyone. The pro and con of it was determined in the later elections...long term effects of it can be judged later too.
There is also more targetted approach by income tax dept and benami investigations....in fact using lot of the data generated by the demonetisation effort + GST.
Application on everyone, probably the reason why opposition failed in garnering support from masses against policies of modi's government. Had it been amnesties offered to rich and tax evaders and commoners made to face the demonetization .... what could have been the outcome?
That is why it is best not to become think tanky in the area that is beyond your understanding and expertise.
Mr. genius instead reading articles download Income Tax Ordinance applicable in Pakistan, go to sections 115, 116, 149, 153, 155, 231A, 231AAA, 231B, 234, 235, 236,236B, 236I read them carefully and then come back and tell Pakistanis that they don't pay income tax.
And while you are at it open Part VII (Exemptions and tax concessions) and read section 41 "Agriculture income. Now search last three tax returns of IK and tell me why his major income is appearing as agriculture income in those returns ....... why he used the loopholes is law to escape paying his fair share of taxes?
I asked you what do you know about Pakistan taxes? And your reply is an article saying 1% Pakistanis pay tax. I have given you section references to the bare act .... I hope you have enough competence to read and comprehend them and understand that nobody in Pakistan who (now) has annual income of PKR 600K or below should be made to pay any income tax (these people are not required to file their income tax returns as well) ...... but governments in Pakistan kept making them pay income tax to national exchequer ......... that money should have been refunded back to these people ....... but it never happened, so it is easier for FBR to hide its own incompetence / corruption, so the easy escape for them .... only 1% pay tax, whereas the withholding provisions in law don't spare anyone.
I have nothing against your family, good if they pay property tax ....... but that property tax doesn't go to FBR, it goes to local TMA, CDA etc. ..... and paying property tax doesn't make anyone a tax payer in Pakistan ........
I am not fighting a case of PDF Pakistanis with you, my fight is for the people this government is killing economically.
Edit: Plus this government hasn't taken any revolutionary steps, they just did a quick fix to buy a life line. Pakistan has been announcing amnesties since 1960s, only 100K or so people opted for amnesty announced by this government (out of millions) .... so if IK had a thinking brain he would ask FBR about that 1% statistics ....... if that is 1% then how come only 100K out of 99% opted for amnesty only.
First of all, yes, laws exist, but they're hardly ever enforced, which is why Pakistan has a very low tax to GDP ration.
So I went ahead and read the ordinance, and section 115and 116 talk about those that do not have to pay taxes, namely people who make less than PKR 200,000 a year, widows, orphans under 25...etc.
Section 149 talks about pay being deducted at the time an employer must pay an employee, but here in lies the problem, no one but the giant corporations actually do this, so you're talking out of your ***.
Sections 153, 154 and 155 mainly deal with imports/exports along with property tax.
Mr. genius instead reading articles download Income Tax Ordinance applicable in Pakistan, go to sections 115, 116, 149, 153, 155, 231A, 231AAA, 231B, 234, 235, 236,236B, 236I read them carefully and then come back and tell Pakistanis that they don't pay income tax.
Dont know why you're pointing to section 231, if youre talking about enforcement, than yes, I agree, no enforcement has traditionaly taken place, but that doesn't really address my point. Regardless of enforcement, Pakistanis should realize that taxes should be paid properly.
Section 234 transportation/auto taxes. Once again, since giant corporations are involved, taxes here do tend to be paid. Unless it's a second hand dealer.
Section 235 deals with electricity. Considering this also involved corporations, such as K-electric, taxes are paid here as a part of the bill. Unfortunately, outside of urban cities, people barely pay their Bill's.
236 deals with telephone users, which as I recall only had a tax reinstituted, not added. But usually, once again, involves large corporations.
I wont lie my salary is below the taxable limitFor me it would have been more satisfying to teach a kindergarten kid than a Think Tanky of PDF, a tanky who is hell bent on making a point because his own ego has been hurt.
I allowed you a graceful exit but no ....... you have to prove your arrogance and ignorance.
FBR webportal in fact is a very efficient useful tool, it could have made a lot of difference in forcing the FBR to correct its statistics, but sadly this system was entrusted to babuz in FBR.
The only law that gets enforced in Pakistan is Income Tax law, the only law that gets amended / repealed every year .......... so your baseless assumption that law doesn't get enforced is mere hogwash deprived of any research and understanding. You like this current government are disconnected with reality.
You read and you still don't know that taxable limit for salaried class is PKR 600,000 and people who earn 50% more than their salary from other sources is PKR 400,000 ........... not PKR 200,000.
Seriously .............. why you have to make a fool of yourself and lie that you read ....... the taxable limit has remained PKR 400,000 for quite long ....... don't know from where did you pull this PKR 200,000 ........ using your own words "so you are talking out of your rear".
Section 149 is where every employer deducts income tax from salary of his taxable employees every month and deposits that tax into government treasury using web portal creating a PSID and latter once that payment goes thru a CPR is generated. And in past the employer had to file a withhold tax statement under section 149 for employees and under section 165 for its vendors. And an annual withholding tax statement as well.
I have no idea what you mean by giant corporations ......... but ask a government employee if he is working for any giant corporation then why his tax also gets deducted at source. e.g. ask @Zibago
Puttar this is my domain, I deal with this everyday, I deal with FBR notices and appeals very frequently .... I know what I am talking about.
The introduction of 149, 153 took the burden off the FBR's shoulders of recovering the tax and put that on the withholding tax agents.
153 deals with withholding on payments for goods and services .... a very robust section, that can be used to track many business individuals and force them to register and file ........ but no FBR likes to stick with 1% statistics because the day it is revealed they will end up paying huge refunds and account for all that money they have spent on their own ayashi.
Only 154 deals with exports and I didn't even ask you to read this section
155 deals with income from property and not property tax ....... genius tanky.
There is no section 231 in Income tax Ordinance (it was omitted) neither did I point to it ....... genius tanky I told you stop making fool of yourself. I asked you to read
231A that deals with deduction of income tax at source on cash withdrawals from bank .... no one, I repeat no one whether he is taxable or not can escape this deduction
231AA deals with advance (income) tax on transaction in a bank .......... again no one irrespective of whether his income is taxable or not can escape this
231B deals with advance (income) tax on private motors vehicles ...... same thing again no one irrespective of whether his income is taxable or not can escape this
Mr Think tanky there is no such thing as transportation / auto taxes ......... its all forms of income tax that we are discussing here. Excise office makes sure that income tax from this source gets deducted and paid.
Mr Think Tanky .......... its the end consumers that pay income tax included in their electricity bills, again irrespective of whether they are liable to pay or not. Your new excuse that people barely pay their bills outside urban cities is another master stroke of ignorance.
A widow if she uses the telephone an orphan if he uses the telephone, a daily wager if he uses a telephone, anyone including students, pensioners, housewives and people who have an annual income of less than PKR 600,000 end up paying income tax by simply using their cellphones, not once multiple times. That income tax withheld from them should be refunded back to them ......... but it never happens nor it will ever happen.
Now please if you would excuse me I am not interested anymore in engaging with you. You hold Zero credibility for me.
Salama alaik.
I wont lie my salary is below the taxable limit
But yeah tax is deducted at source and at purchase through gst
Like I said will happen after 3 years for service I am half way thereWhatever happened to that exam for promotion?
Like I said will happen after 3 years for service I am half way there
Chor Awam, This is very big allegation you put on whole nation. Do you have valid proof for that? Here President, PM, senate and all assembly members have TAX FREE income and you are pointing whole nation? Even a boy pay sales tax for his or her toffee. Asked PM to make Taxable his salary then pointing out others. He must set example from his self. Also Put Tax on agriculture if he have dare to do thatNo, people voted and every institution is supporting government...People have to face hardship and pay taxes ..Chor awam was not used to pay taxes and now reality is difficult for them