“Chairman FBR urged the Senate body to abolish the Seventh Schedule of the Income Tax Ordinance…”

“Which incidentally dates back to 2001.”

“Hey, that ordinance has been amended from time to time and like other countries remains largely valid…”

“Excuse me, but there is a need for structural change in our taxes – our reliance on withholding taxes that are levied in the sales tax mode, which you must know is an indirect tax whose incidence on the poor is greater than on the rich, but credited dishonestly by the FBR under direct tax collections…”

“They are kinda easy to collect –........

© Business Recorder