Nawabshah: (22nd Oct 2018) NDF in collaboration of Indus Consortium & Oxfam organised a training session on Budget & taxation in Nawabshah under Finance for Development project. The session on Taxation proceeded with brief introduction of NDF,Indus Consortium and Oxfam, Mr. Abid Lashari facilitated the session. Participants from communities, CSOs, Media and academia were present in the session. Mr. Lashari explained the term tax as” through which governments can be held accountable, rights be claimed and inequality be tackled” he further defined the taxation system implemented in Pakistan in details, he explained the different types of taxes being collected in Pakistan as:
Progressive Taxes: A progressive tax takes a higher percentage of tax from people with higher incomes. It means that the more a person earns, the higher his average rate of tax will be.
Regressive Taxes: A regressive tax is a tax that takes a larger percentage of income from low-income earners than from high-income earners. A regressive tax is generally a tax that is applied uniformly to all situations, regardless of the payer.
Direct Taxes: A direct tax is paid directly by an individual or organization to an imposing entity. A taxpayer, for example, pays direct taxes to the government for different purposes, including real property tax, personal property tax, income tax or taxes on assets.
Indirect Taxes: An indirect tax is a tax that is paid to the government by one entity in the supply chain, but it is passed on to the consumer as part of the price of a good or service. The consumer is ultimately paying the tax by paying more for the product. An indirect tax is shifted from one taxpayer to another.
He further said it is dire need to reduce burden taxes on poor community. Paying Taxes bridge citizens to Government. Its good omen that every one should be bridged with Government. The participants showed great interest & vowed to disseminate the message for Tax justice in Pakistan.