ICCI urges equitable tax mechanism

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ISLAMABAD – The Islamabad Chamber of Commerce and Industry Saturday stressed the need for implementing a free and fair taxation policy to raise revenues by broadening and simplifying the tax base. “Unfortunately taxation has not been given due attention in Pakistan and has became an ineffective tool with regards to socioeconomic policies,” ICCI President Mehfooz Elahi said while addressing members of the business community. He was of the view that many people avoid filing tax returns due to fears of harassment by tax department, adding that taxpayers also feel insecure because of the complicated taxation policy and lack of faith in the present tax system.