faraz
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Revamping of Tax Collection System, an article based presentation.TRANSCRIPT
REVAMPING OF TAX COLLECTION SYSTEM BADLY
NEEDED
By Shamim Rizvi
Article Presenting By: Syed Faraz Mehdi
Disturbing Facts.
• Public Expenditures
• Financial Aid from FoDP was Dashed.
• Only 41% of Total Target achieved by FBR during July-Dec 2009.
• What is Important? Tax Collection or Increasing Tax Rates.
Weakness of System
• Increasing size of Black Economy.
• Money (Laundring)Whitening.
• Under-invoicing.
• No Tax on Land Lords.
• Failure of twin menace of tax evasion.
• Hiding the issues.
What is Important? Tax Collection or Increasing Tax Rates.
• Tax Collection Machinery.
• Corruption & Effective Control.
• To Bring Non Tax Payers into Tax Net.
• Impose Taxes on Agriculture Income Only.
• Minimize the Impact of all Negative Facts.
Revamping of Tax Collection System
Conclusion(Revamping)
• Eradication Corruption
• Checking Tax Evasion system by an Iron Hand.
• Equitable Tax Policies.
• Strong & Concrete Measures.