Tag: Tax
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Dear President… How Long Before Breathing Tax?
Another day arrives with yet another misery. Undoubtedly, Pakistan is one place where political dramas are not made, rather they are invented. Few weeks back, UN came up with its discovery regarding price inflation in Pakistan. In their assessment, it was revealed that ordinary Pakistani in the last few years has been forced to borrow…
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Flood Tax on Private Schools of Karachi, Sindh
Under the rule of democratically elected PPP government, Pakistani society is evolving rapidly towards a point where soon Charles Darwin’s theory has to be rephrased as “Survival of the richest not the fittestâ€. Even Finance minister Mr. Abdul Hafeez Shiekh cannot manage the budget of a family within basic salary limit approved by government of…
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Unjust taxation
A Karachi businessman recently had a heart attack when he got a notice from the Income Tax department to pay a huge sum as income tax. It seems that his mobile phone bills alone had averaged more than fifty thousand rupees a month, even though his declared income had been only four hundred thousand rupees…