Ready to offend some people in order to increase average tax rate, says Hafeez Shaikh

[Pakistansdefender]

They have made a commitment to the IMF to balance their books according to accepted standards.

Even if they do that's not wrong .
We need to improve our tax base imf or imf..
Have you ever seen a country where 99 percent of its people don't pay taxes and the 1 percent that do also want to evade it.
Which country are you from and is this the way things at your country works?

 

[VCheng]

Even if they do that's not wrong .
We need to improve our tax base imf or imf..
Have you ever seen a country where 99 percent of its people don't pay taxes and the 1 percent that do also want to evade it.
Which country are you from and is this the way things at your country works?

The vast majority of people in Pakistan pay a lot of indirect taxes in a highly regressive manner.

 

[Pakistansdefender]

The vast majority of people in Pakistan pay a lot of indirect taxes in a highly regressive manner.

The gst has not been increased and people can only demand a decrease in gst when they pay their taxes..

 

[VCheng]

The gst has not been increased and people can only demand a decrease in gst when they pay their taxes..

The government needs to do whatever balances its books. There is no other choice for the government or the people. That is the bottom line.

 

[Baburfromsarmarkand]

The government needs to do whatever balances its books. There is no other choice for the government or the people. That is the bottom line.

Doesn't work like that. The more taxes go up. Tax revenue goes down. Ppl are not gonna let some lazy govt employees take their hard earned money. Where is the future headed? Decentralized currency. Good luck trying to tax billions in cryptos. Big Centrlized Govts are an ineffecint relic of the past. Tax revenue always falls. Ppl work less. Ppl invest less. Govt is a consumer not a net producer.

 

[VCheng]

Doesn't work like that. The more taxes go up. Tax revenue goes down. Ppl are not gonna let some lazy govt employees take their hard earned money. Where is the future headed? Decentralized currency. Good luck trying to tax billions in cryptos. Big Centrlized Govts are an ineffecint relic of the past. Tax revenue always falls. Ppl work less. Ppl invest less. Govt is a consumer not a net producer.

Sure, that might happen in the future. Right now, let us see the remainder of this term play out first.