Muslim leagues and PPP government letter
salam to all
As it a new year
I put forward my strategy to get gst down to 15% from 17% to 25% for the muslim league parties:
This is my view that i want to say to the muslim league parties and the ppp government:
- agriculture tax collect as company tax at 20%
- give 5% off companies and individuals on tax as investment tax credit, the larger amount invested the biggertax break if they give money to government infrastructure projects or hydel or solar power projects or wind power projects, education and health funds/sports funds
- public version of sukuk bonds for general public to invest in to cover all types of pakistan government companies and projects
- soft loans to business/individuals to do business that repay on time to cover new advanced machinery/new shops/new factories as long companies and individuals good track record of repayment of more than 3 years for banks to lend
- 5 rupee on pakistan currency transactions added to value of rupee and money split between forex and reduction of gst in pakistan
- export bureau established to fax big companies in other countries in terms of retailers and manufacturers with prices of goods to get bigger export contracts overseas.
- most of government infrastructure funded by sukuk or public+company funds
- i saw this on fbr customs http://www.fbr.gov.pk/newcu/TARIFF/2010/Chapter98_99.pdf – the federal exercise duty (FED) is 16 per cent it should be raised to 17 or 18 or 19 per cent.
- tax rebate for all individuals based new revenue as above.
- bio petrol and bio diesel – the difference between production price and selling price used to lower gst.
- increase of ghee locally by lower tax for those who set up new businesses for 3 years such as local ghee instead of producing malaysian at 10% company tax.
The current PPP government to raise federal exercise duty as stated on the customs page for services from 16 per cent by either 1 to 4 percent upto 20 per cent. I recommend 18 per cent or 20 per cent on federal exercise duty and then the current government should reduce gst from 17 to 25% down to 15% overall gst.
I think the ppp government should not do rgst as they dont have the votes in parliament and as i have found something that is already in place in customs tax called federal exercise duty on the Federal board of Revenue website.
I strongly urge people to vote muslim league in any general election coming up in 2013 or nazim election in 2011 hopefully inshallah.
thanks and allah hafiz
salman jafri
muslim league party
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