But she didn't say whether the help she was seeking would include merging city employee pension funds or a longer road to 90 percent funding or asking the General Assembly to empower the city to broaden its sales
tax umbrella to include professional services.
Meanwhile, the Undersecretary of the Ministry of Finance and Economic Planning Omar Farajullah urged the speeding up of the performance, implementation of the budget and commitment not to spend outside the budget, stressing his full confidence in the senior cadres of the Ministry of Finance, calling for work with all sincerity and dedication in order to achieve the desired goals in the implementation of the budget and performance measurement, "We are expecting a revolution in minerals and services," he said, stressing exploitation of all the resources, expanding the
tax umbrella and abolishing tax and customs exemptions.
Under GST, all the manufacturers are under the
tax umbrella and no amount of tax arbitrage exists.
"Government's move to decrease the price of cigarettes in a bid to bring all companies under
tax umbrella was not a solution to the problem," the senator remarked.To a question about Senate Standing Committee on NHS's directives to FBR to carry out a three-year audit of tobacco companies, he said that there was a State Bank's report which indicated that not a single tobacco company was going into loss.
We must understand that since all stages of production come under the
tax umbrella, even the prices that vendors charge the firm will be affected.
In fact, it showed that government again failed to bring taxpayers under
tax umbrella, which they had claimed earlier.
Under the proposed regulations, all those involved in the operations from drivers to operators and franchise holders will be placed under various
tax umbrella like income, percentage, withholding and value-added taxes.
Mahmoud announced that the 2015 budget will not contain any new taxes and that instead they will benefit from the recommendations of the tax and customs reform committee especially with regard to broadening the
tax umbrella and improving collection.
"The Ministry of Finance is moving towards gradual financial reform through expansion of the
tax umbrella, energy restructuring, and by achieving social justice," he said.
She also revealed that the new legislation proposes to replace the current law, which is based on a positive list of taxable services, with a new negative list of exempt services, thereby widening the scope of services under the
tax umbrella.
The Legislature should reject his plan to move state police patrols back under the gas
tax umbrella.
O'Sullivan welcomed the news that a new funding system is being put in place by means of bringing all online and telephone betting into the betting
tax umbrella.
