The young people emphasized on the need for government to reduce unemployment by paying attention to young people through the elimination of multiple taxation
and increasing budgetary allocation to education.
And while states must have credit or other mechanisms available so that multiple taxation
will not occur if all states used the same approach, this protection against multiple taxation
can lose much of its force if, in fact, the states use different approaches to determining taxes due.
Reacting to a story in the Star yesterday titled 'Sacco savers dividends drop as tax takes effect', angry members and social media users accused the government of multiple taxation
that drain incomes, kills the savings culture and hence poverty.
'The exemption announced in Budget 2019 is aimed at preventing rising cost due to multiple taxation
and ensuring competitiveness in local services industries,' he said.
The first one; freezing accounts of those non-filers with a balance beyond one crore rupees which is no sizeable amount considering its highly depreciated value and the multiple taxation
of the common man at source anyway, is a patently coercive method in preference to facilitating and encouraging new filers who had largely stayed away because of heavy and unrealistic tax slabs; add to it the scary prospect that the step threatens to discourage overseas Pakistanis sending in money which will further deplete Pakistan's national reserves.
There are multiple taxation
authorities and more than 50 different types of taxes.
Overall, GST has brought a multi edged positive impact on the sector, bringing in more transparency, eradicating multiple taxation
systems and making the system more systematic and streamlined.
"Along with an unpredictable regulatory regime, business growth and expansion have been hampered by high and multiple taxation
, high costs of energy, scarcity of the technical skills and the high cost of labour," she said.The association also said President Kenyatta's Big Four Agenda has singled out manufacturing as one of the key drivers of economic growth and to achieve this growth, the sector has to grow at 36 per cent every year.
* Multiple taxation
system on rice trade must be resolved.
When we met with him recently, we received a very good hearing from the new Tourism Minister who understood our concerns over high industry costs, punitive business rates rises and existing multiple taxation
The minister added that a common solution that covers the entire European Union is also important, because different tax rules in member states can create multiple taxation
and lead to a belief that doing business outside of the EU is more lucrative than inside.