Posted 10/8/2023, 8:33:00 AM
World Bank Withdraws Suggestion to Tax Low Incomes in Pakistan, Focuses on Improving Taxation
- World Bank withdraws suggestion to tax individuals earning under Rs50,000 in Pakistan
- Original recommendation based on outdated 2019 data, needs updating per World Bank
- World Bank recommends improving agriculture, property, retail sector taxation
- Suggests reducing subsidies, closing tax exemptions, raising taxes on wealthy
- Any threshold changes should protect low incomes based on new data