Printer Friendly

FBR seen as a big hurdle in raising funds: PEW.

Islamabad, August 01, 2011 (Frontier Star): The Pakistan Economy Watch (PEW) on Sunday said Federal Board of Revenue (FBR) has become one of the biggest hurdles in increasing the tax net to raise funds. The Apex tax collecting institutions have repeatedly failed the test of transparency which has resulted in public mistrust and disbelief on the part of international lending institutions. Masses have developed a defence mechanism against the accesses of tax officials; they are ready to pay bribes but not willing to pay taxes, say Dr. Murtaza Mughal, President PEW. He said that why someone should pay part of his hard earned money to FBR that would not be used for national development. Instead, it will be used for personal welfare or support the princely living of rulers. Millions spend a good part of their time to save their skin from tax authorities which leaves them with little time to plan development of businesses which is also barring growth, said Dr. Murtaza Mughal. Many taxpayers prefer to become tax evaders to avoid harassment which help the mafia in FBR to achieve their goal of accumulating wealth, he added. This is because the FBR has lost direction to become widely known for mismanagement, misreporting, botching up funds, lordliness and inefficiency which is evident from findings of Auditor General and Public Accounts Committee. Rulers need to understand that our survival is tied to collection of taxes that calls for urgent corrective steps.

COPYRIGHT 2011 Asia Pulse Pty Ltd
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Date:Aug 1, 2011
Previous Article:Helmand blast kills 10 policemen, one child.
Next Article:IPO-Pakistan is being structured on strong footings: Afridi.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters