بسم الله الرحمن الرحيم On 11 June 2019, the Minister of State for Revenue, Hammad Azhar, proposed a national budget that came as a hammer blow to the people. At a time the economy is already suffering immensely due to the choking effects of huge taxation on buying, selling and production, the Federal Board of Revenues (FBR) is now to chase the people for a historical tax target of 5,555 billion rupees for the year 2019-2020, compared to the 4150 billion rupees revised target for 2018-2019, which represents a 33% increase. In their reckless pursuit for the approval of the colonialist tool, the IMF, for the first tranche of its next $6 billion loan (approximately 900 billion rupees), the rulers increased the levels of taxation to back breaking levels, even though oppressive capitalist taxation, such as general sales tax and income tax, does not take into account poverty and hardship of individuals. (more…)
