Pakistan People Party to oppose Tax Amendment Bill
Pakistan People's Party Opposes Tax Amendment Bill
Mirza Ikhtiar Baig, a member of the Pakistan People's Party, announced that his party would oppose the proposed Tax Amendment Bill. This bill aims to freeze bank accounts of non-filers and restricts them from transferring immovable property. Baig criticized the bill as "excessively harsh" and suggested it be discussed in the National Assembly's Finance and Revenue Committees. He also questioned the government's creation of the "non-filers" category.
Tax Amendment Bill 2024
The Tax Amendment Bill 2024, approved by Pakistan's Senate Standing Committee on Finance and Revenue, seeks to tighten regulations and curb tax evasion. The Federal Board of Revenue has issued notices to 169,000 influential individuals to bring them into the tax net.
Concerns Over Slow Internet
Baig also addressed Pakistan's slow internet services, noting that the country lags behind in technology, struggling with 4G while the world advances to 5G. He revealed that 22 IT companies have left Pakistan due to slow internet speeds, causing significant losses in the IT sector. Baig urged the government to strengthen the IT industry.
Government's Response to Internet Issues
Syed Sajid Mehdi, Pakistan's Parliamentary Secretary for the Cabinet Division, suggested that Pakistanis limit internet use to "important matters only" to address slowdowns. This suggestion comes amid widespread frustration over connectivity issues affecting users nationwide.
Doubts Revealed
Pakistan People's Party
The Pakistan People's Party (PPP) is a political party in Pakistan. It was founded by Zulfikar Ali Bhutto in 1967 and is one of the major political parties in the country.
Tax Amendment Bill
A Tax Amendment Bill is a proposed change to the existing tax laws. In this context, it targets people who do not file their taxes by freezing their bank accounts and stopping them from transferring property.
Non-filers
Non-filers are people who do not submit their tax returns to the government. This means they are not reporting their income and paying taxes as required by law.
Senate
The Senate is one of the two houses of the Parliament in Pakistan. It is responsible for making and approving laws, similar to the Rajya Sabha in India.
Tax evasion
Tax evasion is when people or companies do not pay the taxes they owe to the government. It is illegal and can lead to penalties or legal action.
Mirza Ikhtiar Baig
Mirza Ikhtiar Baig is a member of the Pakistan People's Party. He is involved in politics and business, and he speaks out on issues like taxes and internet speed.
IT sector
The IT sector refers to the Information Technology industry, which includes companies that work with computers, software, and the internet. It is important for modern communication and business.
Syed Sajid Mehdi
Syed Sajid Mehdi is likely a political figure or official in Pakistan. He is mentioned in the context of suggesting limited internet use due to connectivity issues.
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