Imran Khan Wants New Tax Reform

Imran Khan and his promise on tax

Dunya News, London. Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said his party will reduce tax rates if elected. He also said the Pakistani political/business elite do not want tax reforms to happen. He spoke in a speech addressing the Karachi Chamber of Commerce and Industry (KCCI) at its head office on Saturday. “If our party comes to power, it will reduce tax rates in order to increase its collection. Tax collection is a big problem in Pakistan because people do not trust institutions,” said Khan. “How can our leaders expect people to pay taxes when they themselves evade them?” he asked.

Foreign Investment Problems

Imran Khan said Pakistan was unable to receive the desired foreign direct investment (FDI) because foreign investors believed their capital was not safe due to prevalent corruption in the country. “Credible research shows that those countries that have high levels of corruption receive low FDI. Similarly, in  case of Pakistan, corruption is a big hurdle in the way of attracting FDI,” he stressed. During the discussion, PTI MNA Asad Umar commented that unless the Federal Board of Revenue (FBR) machinery was overhauled, tax reforms could not be brought in Pakistan. (ANI)

“If our party comes to power, it will reduce tax rates in order to increase its collection. Tax collection is a big problem in Pakistan because people do not trust institutions” – Imran Khan

“If our party comes to power, it will reduce tax rates in order to increase its collection. Tax collection is a big problem in Pakistan because people do not trust institutions,” said Khan. “How can our leaders expect people to pay taxes when they themselves evade them?”. He also said foreign investors believed Pakistan and it’s capital Islamabad, was not safe place to invest and do business due to prevalent corruption in the country. “Credible research shows that those countries that have high levels of corruption receive low FDI. Similarly, in  case of Pakistan, corruption is a big hurdle in the way of attracting FDI,” he stressed. During the discussion, PTI MNA Asad Umar commented that unless the Federal Board of Revenue (FBR) machinery was overhauled, tax reforms could not be brought in Pakistan. (ANI)

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