Hey there! Today we’re diving into some controversial news about tax amnesty schemes and their impact on honest taxpayers and repeat defaulters. Here’s a breakdown of the latest data and reactions:
1. The numbers: By the end of 2024, a significant percentage of beneficiaries from the 2020-21 and 2021-22 tax amnesty schemes had defaulted once again. For the 2020-21 scheme, 42% had defaulted, while a staggering 67% of beneficiaries from the 2021-22 scheme had also defaulted.
2. Activist concerns: Activists are raising the alarm, pointing out that these schemes are rewarding repeat defaulters while penalizing honest taxpayers. They fear that this trend will only encourage more deliberate non-payment of taxes in anticipation of future amnesty programs.
3. Calls for action: An activist has urged the PMC to take stricter enforcement measures against repeat defaulters, such as legal action and property seizures. They are calling for action to be taken to recover dues from defaulters and prevent them from benefiting from future amnesty programs.
4. Expert recommendations: Experts are suggesting that the PMC move away from these temporary schemes and focus on implementing stricter enforcement measures to prevent future defaults. They argue that promoting non-compliance through amnesty programs is not the solution to improving tax collection.
5. PMC response: As of now, the PMC has not responded to the data or announced any further action. With losses mounting and honest taxpayers feeling demotivated, there is growing pressure on the PMC to reform its tax collection system and prevent future defaults.
Stay tuned as we continue to follow this story and see how the PMC addresses these concerns and works towards a more effective tax collection system.
That’s all for now – stay informed and stay engaged!
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