Inequitable tax system
Some 50 years ago in May 1960 the then Finance Minster said that theft of taxes would be stopped with full force. But in these years different governments have practically taken no steps to curb the tax evasion and black money. From time to time black money has been legalized under Amnesty Schemes of one kind or the other.
The antiquated Tax System stinks with corruption and lack of competence. The entire tax administration is corrupt from top to bottom. I am aware of this factual position as a man who served in the Inland Revenue Service as young officer. I resigned due to rampant corruption in the Tax service.
I believe that the government has by design spread corruption at all levels of its activities. It is a great shame that we have not produced or manufactured honest crop of men and women. Women officers have left their counterparts way behind in corrupt practices. During the past several decades various governments have been making claims of successful implementation of equitable tax system.
If this goal had been realized we would have collected Rs 1500 billion of additional taxes. And the number of tax returns could have been increased by 5 million. It is extremely pathetic that instead of catching the powerful and wealthy tax thieves the government is providing them the opportunity to whiten their black money.
The national exchequer has been robbed with two hands. By the amnesty scheme thieves legalize their largess. Black money to the tune of Rs. 20 thousand billion is out of circulation. In the last fifteen years the treasury has suffered a loss of 9700 billion rupees in the name of war on terrorism. The Armed forces have been forced to acknowledge that billions of rupees of black money is used to finance terrorist groups. A year go it was resolved to put an end to such funding but nothing so far has been done. — Via email