Tax shortfall
The FBR is once again under the spotlight as it has miserably failed to broaden the tax network. It is alarming to note that the taxmen are facing a massive Rs684 billion shortfall in revenue collection with just two months to go for the end of the fiscal year. It goes without saying that a low tax base is the bane of our tax collection system. This is why a host of irrational taxes, levies and surcharges are slapped on commoners and the salaried class – all to sustain an elite club that is eating into the........
