RAWALPINDI: Federal Board of Revenue (FBR) Chairman, Ahmad Waqar, while opposing Tax Amnesty Scheme (TAS) for whitening black money, termed it an injustice to the real taxpayers.
Addressing Rawalpindi Chamber of Commerce and Industry, FBR Chairman said that he would oppose any proposal for the extension in TAS. He said that the tax recovery system should be set at right instead of floating such schemes.
Ahmad Waqar said that indirect taxes hit the poor and for resolving this issue, direct taxes would have to be increased. He said that the industries share in GDP growth works out to 18 percent, while in the revenue it was 60 percent and therefore, facilitating the industries was under consideration. He said that the government was striving to lessen the burden of high cost of business due to energy crisis.
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