Trade: (Pakistan’s future tied to improved tax compliance)


ISLAMABAD: Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt on Sunday said that future of the country is tied to broadening of tax base which is impossible without cooperation of the business community.

The business community is determined to improve tax-to-GDP ratio to make Pakistan a respectable and self-sustaining nation but highhandedness of FBR disturbs our momentum, he said.

Speaking to the business community, he said that tax officials should meet with the businessmen to get first-hand knowledge and reaction which will help us improve performance of FBR.

Tax authorities should seriously vetting budget proposals to facilitate business community and expand the tax base, the veteran business leader said. Shahid Rasheed Butt said that employing latest technology altered to the local needs will facilitate taxpayers and discourage misuse of authority by field staff.

FBR should not lay too much emphasis on collection but also care about economic direction of the country and play its role in development of society. There is no justification in taxing business community to grant over 450 billion subsidies to influential, he said.

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