They are not recommending any kind of implementation of taxes, recommending such comprehensive reforms in Pakistan's tax system that increase the tax burden on the rich and provide relief to the poor. Spokesperson World Bank statement:
Islamabad (Urdu Point Latest News. October 8, 2023) The World Bank has withdrawn the proposal to tax low-paid employees. According to the report of Express News, the spokesperson of the World Bank said that they are not making any recommendations for the implementation of taxes. And the poor get relief, however, to make any kind of suggestion, it is necessary to review the new data as the suggestion was released on the basis of the 2019 data, which has been updated according to recent inflation and labor market conditions. need to.
According to the government data, the salaried class has paid more tax than the total tax of wealthy exporters and real estate sector during the last three months. paid a tax of Rs 70.6 billion while the exporters and real estate sector paid a total of Rs 65 billion.
The report states that exporters earned $7 billion during the first quarter of this fiscal year but deposited only Rs 21 billion in taxes. has decreased to 3.6 percent. The report states that the real estate sector paid Rs 44 billion in tax on the purchase and sale of plots, the FBR collected Rs 7.6 billion as tax on withdrawals from banks, the highest tax collection from contractors, Savings account holders, importers, salaried class, electricity bills of non-filers, telephone and mobile phone users and dividend income, income tax collection on electricity bills increased by 75% during the last quarter. Income tax of 2.5 billion rupees was collected for electricity bills.
It is said that there is no comparison of wealth between the salaried class and the real estate sector and exporters, the salaried class is the fourth largest tax payer after contractors, bank depositors and importers, with a majority of The standard of living is very low and the majority of the salaried class rely on public transport and motorcycles for their commuting.
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