KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Saturday that the desired tax-to-GDP ratio must be achieved by broadening the tax base and simplifying the taxation system rather than further squeezing the already taxed.

The only pragmatic approach to achieve a tax-to-GDP ratio of 15 per cent in the next five years is to add 1.5 to two million new taxpayers in the tax net, FPCCI President Atif Ikram Sheikh said in a statement.

The tax and Federal Board of Revenue (FBR) reforms should not be done without consultation with relevant stakeholders, he said.

Such efforts have been grossly unsuccessful in the past and the successive governments res­orted to regressive and anti-business steps of further increasing the taxes on existing filers, he added.

Published in Dawn, April 7th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Trump 2.0
Updated 07 Nov, 2024

Trump 2.0

It remains to be seen how his promises to bring ‘peace’ to Middle East reconcile with his blatantly pro-Israel bias.
Fait accompli
07 Nov, 2024

Fait accompli

A SLEW of secretively conceived and hastily enacted legislation has achieved its intended result: the powers of the...
IPP contracts
07 Nov, 2024

IPP contracts

THE government expects the ongoing ‘negotiations’ with power producers aimed at revising the terms of sovereign...
Rushed legislation
Updated 06 Nov, 2024

Rushed legislation

For all its stress on "supremacy of parliament", the ruling coalition has wasted no opportunity to reiterate where its allegiances truly lie.
Jail reform policy
06 Nov, 2024

Jail reform policy

THE state is making a fresh attempt to improve conditions in Pakistan’s penitentiaries by developing a national...
BISP overhaul
06 Nov, 2024

BISP overhaul

IT has emerged that the spouses of over 28,500 Sindh government employees have been illicitly benefiting from BISP....