ISLAMABAD: The traders of the capital city have urged the government to broaden tax net for boosting the country’s economy.
Islamabad Chamber of Small Traders Patron Shahid Rasheed Butt said that future of the country is tied to broadening of tax base which is impossible without cooperation of the business community.
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He said that 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 their momentum.
Addressing the business community, he said that tax officials should meet with the businessmen to get first-hand knowledge and reaction which will help them 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.
He said, “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 Rs450 billion subsidies to influential.”
