Govt urged to revisit super tax

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The business community Sunday demanded the government to revisit the imposition of a 10 percent super tax on 13 corporate sector entities to provide oxygen to already fragile Industries in the wake of blistering global inflation.

Talking to the media here today, Honorary Coordinator to Federal Tax Ombudsman and Minister of state Meher Kashif Younis, said”The corporate sector is already 29 percent heavily taxed.

He said the super tax impact will ultimately be shifted to end users besides impeding the economic growth.” He proposed that government must net the 18.5 million identified untaxed and under-taxed segments of the economy instead of levying super tax besides bringing the agriculture sector under the tax.

He said the government must slash the wasteful expenditures on state-owned enterprises that have been hemorrhaging taxpayers’ money for years now and all losses incurring public sector entities must either be dis invested or privatized through a transparent process.—Agencies

 

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