Tag Archives: tax

The Pakistani man accused of making millions from fake degrees paid 26 cents in tax last year

The only son of a lawyer, Shoaib Ahmed Shaikh grew up in a religious, middle-class Pakistani household with one ambition: He wanted to become the richest man in the world.

“Even richer than Bill Gates,” Shaikh told his employees in a speech last year.

Read more » Quartz
See more » http://qz.com/406701/the-pakistani-man-accused-of-making-millions-from-fake-degrees-paid-26-cents-in-tax-last-year/

France passes 75% ‘millionaire’s tax’

By Thomson Reuters

France’s Constitutional Council gave the green light on Sunday to a ‘millionaire’s tax’, to be levied on companies that pay salaries of more than one million euros, or about $1.4 million, a year.

The measure, introduced in line with a pledge by President Francois Hollande to make the rich do more to pull France out of crisis, has infuriated business leaders and soccer clubs, which at one point threatened to go on strike.

It was originally designed as a 75 per cent tax to be paid by high earners on the part of their incomes exceeding one million euros, but the council rejected this, saying 66 per cent was the legal maximum for individuals.

The Socialist government has since reworked the tax to levy it on companies instead, raising the ire of entrepreneurs.

Under its new design, which the Council found constitutional, the tax will be an exceptional 50 per cent levy on the portion of wages exceeding 1 million euros paid in 2013 and 2014.

Including social contributions, its rate will effectively remain roughly 75 per cent. The tax will, however, be capped at 5 percent of the company’s turnover.

The Council, a court made up of judges and former French presidents, has the power to annul laws if they are deemed to violate the constitution.

Courtesy: CBC
http://www.cbc.ca/news/world/france-passes-75-millionaire-s-tax-1.2478390

LAVISH LIVING IN ISLAMABAD

By DR ALI AKBAR DHAKAN, Karachi, Sindh

On the top hill of Margalla mountain at the sight of Pir Suhawa, a Restaurant namely M O N A L has been established and opened in the night only by a highly influential retired Government servant. It is at the height of about 4000 feet and situated at the distance of about 20 kms fom Islam abad city where MNAs, SENATORS, MINISTERS, High graded bureaucrats, Contractors of big contracts, Business people, Ambassadors and Foreighners etc are residing having many resources and unaccountable money. They want to spend their money and resources lavishly on eating and entertainment visiting such dangerous heights in the darkness of the nights if not daily but usually on alternate nights along with their friends, family members, guests coming from other big cities and also foreighn countries. At night the position of the hotel area becomes very dangerous for lives of the visitors due to traffic jams, small and big vehicles in huge number and also countless huge number of people of young,middle and old age level male and female gentry. Up to 2am the people come and eat the dinner in the heavy rush to the extent that the tables for sitting purpose remain so busy that people coming late have to wait for their turn even mostly for hours and stand in big rows. The number of such tables for the visitors must be more than a thousand accomodating at least more than five thousand visitors.The items of edibles ordered by the hosts are so of lavish and expensive quantity that every group leaves about half of items or they order for packing the rest food for drivers or for their family members.The bill for each table must be about more than Rs ten thousand and total receipts of the hotel must be for about more than one crore per night.Now many questions arise from such lavish habits. Some are as under: (1) why such hotels and restaurants have been allowed at such dangerous places (2) why not such lavish activity taxed to discourage lavish expenditures (3) There is no security arrangement so it is very risky to visit such places in the nights. The concerned departments particularly the FBR,Home ministry, CDA and others may consider these points and take necessary steps to save the Pakistani nation from the self destructive activities.

Received via email – drdhakansindheconomist@hotmail.com

Europe’s Tax on Financial Trades Is a Risky Bet

By Mark Buchanan

Millions of Europeans are about to become the subjects of a vast social experiment. What’s troubling is how little anyone understands about where it might lead.

A total of 11 European Union member states — including France, Germany, Italy and Spain, but not the U.K. — plan to introduce a small tax on financial transactions by the beginning of 2014. Financial institutions will pay 0.1 percent on all stock and bond trades, and 0.01 percent on derivatives. Although taxes that are at least crudely similar exist in about 40 nations around the world, the European measure will be the first introduced on such a large scale.

The idea of a financial transactions tax goes back to the economist John Maynard Keynes. In the 1930s, he argued that speculation on assets drives market instability and suggested that an appropriate levy could deter it. If small enough, the tax would have a negligible effect on long-term stock investors, who trade infrequently and focus on real economic factors in making their decisions. It would primarily deter short-term speculators who buy and sell frequently in response to temporary market movements.

The idea makes intuitive sense and could, in principle, help channel investment to productive economic activity. There’s much debate, though, over whether it can work in reality. Well- known economists such as Joseph Stiglitz and Larry Summers have supported a transactions tax. Others of equal prominence have countered that it would be likely to lower equity prices, drive trading across borders and possibly increase market volatility.

Continue reading Europe’s Tax on Financial Trades Is a Risky Bet

U.S. Economic Inequality Is Permanent, Study Finds

Bye, Bye American Dream! U.S. Economic Inequality Is Permanent, Study Finds

Analysis of two decades of income tax trends also find the rich consume more.

By Steven Rosenfeld

A new study by a team of economists in academia and the government has concluded that economic inequality is a permanent—not temporary—feature in the United States, based on an analysis of 350,000 federal income tax returns between 1987 and 2009.

“For household income, both before and after taxes, the increase in inequality over this period was predominantly, although not entirely, permanent,” the highly technical report concluded. “We also find evidence that the U.S. federal tax system helped reduce the increase in household income inequality; but this attenuating effect was insufficient to significantly alter the broad trend toward rising inequality.”

Continue reading U.S. Economic Inequality Is Permanent, Study Finds

“Pakistan has potential to become a global economic player”- Mark Lowcock

Politicians challenged to secure Pakistan’s global economic future

Mark Lowcock said:“Pakistan has everything it takes to be a successful, thriving, prosperous Islamic democracy.’

Pakistan has potential to become a global economic player.  It’s a powerful vision which can be realised if there is a focus on economic growth and implementing the vital reforms needed to stimulate and underpin growth a representative for the UK Government signalled yesterday.

Speaking at the Karachi School of Business and Leadership Mark Lowcock, the UK government’s most senior aid official, told business leaders and students that countries succeeding in today’s global race are those reforming the fastest to generate growth and reduce poverty.

Mark Lowcock said:

Pakistan has everything it takes to be a successful, thriving, prosperous Islamic democracy.”

“If you develop a clear and shared vision, sustain a long term commitment to travelling the long road of reform, and refuse to be deterred by the problems that will inevitably arise, then you can transform your country within a generation.”

Citing examples from across Asia and Africa, Mark Lowcock pressed that Pakistan’s stake in the global economy, and future investment potential, could be transformed. It has enormous potential for trade. Population dynamics mean that over the coming decades it could reap a demographic dividend, if the economy develops in a way that creates jobs for all young people.

Mr Lowcock stressed elections as an important watershed in embedding an inclusive political system, emphasised the importance of greater transparency in public operations, and highlighted the need to broaden the national dialogue on economic reform.

Mark Lowcock said:

Pakistan cannot sustain high rates of economic growth without a sufficient, reliable supply of energy…. The sector needs to be put on a more commercial footing, including a regulatory and tariff structure that is attractive to investors.”

“A tax system that collects less than 10% of GDP is unsustainable for any modern country. Without agreement and tangible progress on broader and fairer taxation, Pakistan will be unable to invest in a more prosperous future.”

Pakistan needs to invest in its best asset, which is your own people, especially in health and education to build human capital. It is also critical to promote women’s participation in the economy.  This is an issue of fairness and good governance. But it is also crucially an economic issue.”

Continue reading “Pakistan has potential to become a global economic player”- Mark Lowcock

Capitalism Becomes Questionable – by Richard D. Wolff

The depth and length of the global crisis are now clear to millions. In the sixth year since it started in late 2007, no end is in sight. Unemployment rates are now less than halfway back from their recession peak to where they were in 2007. Over 20 million are without work, millions more limited to part-time work, millions have been foreclosed out of their homes. Those who retain jobs suffer declining real wages, fewer benefits, reduced job security, and more work. This year of “austerity” began with an increase in the payroll tax rate for over 150 million wage-and-salary earners from 4.2 to 6.2 per cent (a 48% increase from 2012) — a far more significant tax event than the trivial — but wildly hyped — increase of taxes on those earning over $450,000 annually from 35 to 39.6 per cent (a 13% increase from 2012). Austerity deepens as Republicans and Democrats negotiate merely details of their agreements to cut government spending on social programs helping working people.

Between the crisis and today’s austerity policies lie the bailouts — a bought government’s program to aid mega-finance and other large corporations with unlimited funds unmatched by anything comparable for the mass of working people and smaller businesses. The bailouts worked for them, for the large corporations who secured them for themselves. For that reason, “recovery” blessed them while it bypassed everyone else. Now austerity policies shift onto the general population major portions of the costs of the crisis and the bailouts. The situation is so bad and US government complicity with capitalists at the people’s expense so exposed that the capitalist system is becoming questionable. Criticism challenges the last half-century’s treatment of capitalism as the absolutely best possible economic system, beyond any need for discussion or debate, justifiably implanted around the world by military force, etc.

First of all, this deep and long crisis undermines decades of confident assurances and predictions that another deep capitalist depression was no longer likely or even possible. Capitalism’s inherent instability overwhelmed and thus proved the futility of efforts to prevent its crises. Moreover, both conventional and extraordinary monetary and fiscal policies failed repeatedly to bring Europe, Japan, and the US out of the crisis. Central banks, international agencies, and national executives charged with economic responsibilities have, since 2007, spoken with assurance and met often, posed for media photos, puffed and threatened, made a few last-minute, stop-gap agreements, resolved to meet again and do more at the next meeting. However, the crisis continued for most people. In many places it has gotten much worse. All this challenges glib notions that capitalism’s highest authorities have the system “under control.”

Implicitly, at first, millions of people began to question whether capitalism does still “deliver the goods” as its defenders so long insisted. In the US, declining economic conditions for parents coupled with rising school debts and declining job prospects for their children suggest rather that capitalism “delivers the bads.” The widening inequalities of wealth and income that contributed to the crisis have in turn been further aggravated by it.

Continue reading Capitalism Becomes Questionable – by Richard D. Wolff

Global super-rich elite has hidden an extraordinary $21 trillion of wealth offshore

£13tn: hoard hidden from taxman by global elite

• Study estimates staggering size of offshore economy

• Private banks help wealthiest to move cash into havens

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network. ….

Read more » guardian.co.uk

Via – Twitter

Preying on Poverty: How Government and Corporations Use the Poor as Piggy Banks

by Barbara Ehrenreich
Individually the poor are not too tempting to thieves, for obvious reasons. Mug a banker and you might score a wallet containing a month’s rent. Mug a janitor and you will be lucky to get away with bus fare to flee the crime scene. But as Business Week helpfully pointed out in 2007, the poor in aggregate provide a juicy target for anyone depraved enough to make a business of stealing from them.

The trick is to rob them in ways that are systematic, impersonal, and almost impossible to trace to individual perpetrators. Employers, for example, can simply program their computers to shave a few dollars off each paycheck, or they can require workers to show up 30 minutes or more before the time clock starts ticking.

Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest. When supplemented with late fees (themselves subject to interest), the resulting effective interest rate can be as high as 600% a year, which is perfectly legal in many states.

It’s not just the private sector that’s preying on the poor. Local governments are discovering that they can partially make up for declining tax revenues through fines, fees, and other costs imposed on indigent defendants, often for crimes no more dastardly than driving with a suspended license. And if that seems like an inefficient way to make money, given the high cost of locking people up, a growing number of jurisdictions have taken to charging defendants for their court costs and even the price of occupying a jail cell. ….

Read more » Common Dreams

Pakistan’s tax-GDP ratio is at the same level as Ethiopia and Afghanistan – Shahid Kardar

Tax reform agenda for next government

By Shahid Kardar

Pakistan has one of the lowest tax to GDP ratios and, even considering developing countries alone, it is in the bottom ranked nations in terms of the proportion of population registered as taxpayers – less than 5 percent. of household population. There is rampant tax evasion, partly with the collusion of the official machinery. Whereas 3.1 million people have the National tax Number, a mere 1.2 million filed an income tax return in 2010/11. What is even more startling is that of 47,800 companies that have NTNs, less than 16,800 filed an income tax return against 400,000 industrial electricity connections.

As admitted by FBR, there is a tax gap of 79 percent. (the difference between potential revenues under the existing system and that actually collected). Revenues can be raised through broadening of bases, improving the equity of the tax regime, incentivising documentation, checking evasion by embracing a zero-tolerance policy, checking harassment of, or collusion with, taxpayers by simplifying tax returns and making FBR a faceless bureaucracy, with interaction between taxpayers and tax officials limited through greater reliance on automated computerised systems.

The general tax reforms would include taxation of all incomes of same levels equally irrespective of source, with a swift reversal of the travesty of the recent amnesty granted to trading in shares. There is also need for legislation that will render all Benami Transactions illegal and subjecting all cabinet members, who should all be taxpayers, to detailed tax scrutiny throughout period of office, and they should all be taxpayers. The tax returns and Wealth Statements of all parliamentarians and holders of key public offices and their spouses (including Secretaries, Chief Justices, Chief of Army Staff, Governor State Bank, Auditor and Attorney Generals) should be public during period of office and one year thereafter. Finally, following good results of tax mobilisation initiatives, individual and corporate income tax rates and the GST rate could be lowered under a phased programme.

 

The specific reforms under different tax heads would be the following: For Income Tax: Greater dependence needs to be placed on technology and through that on the CNIC for tracking commercial transactions to identify potential tax evasion/evaders, including movements in bank accounts of large deposit holders. The FBR should periodically reconcile the property tax registers of all provincial governments, names of credit card holders and members of private clubs with those allotted National Tax Numbers, for the system to generate notices to non-filers. All presumptive taxes should be replaced by withholding taxes (which presently contribute 60 percent. of income tax revenues). And the rates of all withholding taxes should be increased by at least two percentage points as a revenue enhancing measure, to incentivise documentation and penalise those trying to avoid capture in the tax net. ….

Read more » The News

You can’t stop marching, even when it looks like there is no way, find a way, through the mud, and the muck, and the driving rain, we don’t stop … because we know the rightness of our cause – President Obama

“… You can’t stop marching … Even when folks have hit you over the head, you can’t stop marching … Even when they turn the hoses on you, you can’t stop … Even when somebody fires you for speaking out, you can’t stop … Even when it looks like there is no way, you find a way, you can’t stop … through the mud, and the muck, and the driving rain, we don’t stop … because we know the rightness of our cause …” – President Obama Speaks At The Congressional Black Caucus – 9-24-2011.

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‘Stable Afghanistan not worth abandoning strategic interests’

By Shahbaz Rana

Excerp:

…. The German cabinet member appeared reluctant to commit to additional assistance for security. “We know that for our work we need a secure environment but we cannot make payments as much as you require,” he said. …

…. The German minister urged Pakistan to implement tax reforms. “For us as donors, a strong, big and proud country must do more than have revenues from only 1.5 million people out of a 180 million population as it is important for us to explain our taxpayers,” he added.

To read complete article: The Express Tribune

Making the hard decisions to set our house in order

By Najmuddin A Shaikh

Last week, I had expressed hope that in the coming days we would make the hard decisions needed to prevent our country from sliding into anarchy and chaos. We would not then remain the country to which Muammar Qaddafi would point as an example of what could happen to Libya if his dictatorial regime was brought to an end.

Developments during the past week have not, to say the least, been encouraging. First we had the budget, in which no genuine effort seems to have been made to raise the tax base or to address impediments — energy shortages among others — and yet we have concluded that our deficit will remain under control and that growth will have an upward trajectory. Are we going to continue to go down the path of foreign aid dependency and have a government ‘of the elite by the elite and for the elite’ that taxes the poor and the now dwindling middle class mercilessly to nourish the ‘fat cats’ in the ranks of the bureaucracy and the political establishment? Can we not levy direct taxes that would bring the tax-to-GDP ratio to at least 15 per cent? Can we not spend more on education and health? Can we not stop treating the defence budget as beyond question? …

Read more : The Express Tribune

The Downfall of Political Islam

by Samir Yousif

Finally I would point out that political Islam has failed to provide a political model that can compete with other contemporary political models, such as the Chinese model, Western democracies, or even developing democracies such as India and the other Asian countries. That comes with no surprise, as religion, any religion, keeps itself centuries behind.

The theme of my argument is the following statement: Islam, as a religion, has nothing to offer to economic or political theory. This simple idea has serious consequences. Political Islam, when it runs the country, will ultimately fail. It has no appropriate agenda that provides solutions to real political or economic challenges such as underdevelopment, unemployment, inflation, recession, poverty, just to mention a few.

(I will not touch upon the most significant political-socioeconomic issue which is income inequalities, because Islam accepts a society composed of very rich classes living side by side with very poor classes- examples can be found from history or from today’s Muslim countries like Saudi Arabia, and Iran). While some Islamists continue to claim the existence of “Islamic economics,” they have failed in producing anything close to a simple theory of economics.

I believe that the main reason for the downfall of Muslim civilisation was the inherent social crisis: a society composed of few rich surrounded by the poor masses kept going by a strong religion. Social and political revolutions took place several times during the heyday of Muslim civilisation, as happened during the Umayyad Caliphate, the Abbasid Caliphate, in Muslim Spain, and the famous Zanj Rebellion during the year 869 in Basra. But historians have ignored such revolutions. Muslim economies have failed throughout history to solve the very basic problem: the wage equation. Unskilled and skilled workers were downgraded to the lowest classes in Muslim societies, and were paid the minimum. History has showed that under Islam the wealth of the country went mainly to the Calipha, feeding his palace, army, the royal family, and to the vested interest that the Calipha has chosen himself. The tax system was mainly imposed on the agricultural sector, what was known as the produce tax (Kharaj).

“Islamic economics” is a term used today to justify the significant income inequalities in such societies and to find religiously- accepted investment opportunities for the rich. …

Read more : http://www.document.no/2011/01/the-downfall-of-political-islam/

Saharo Foundation Meeting in Washington D. C.

By Khalid Hashmani

January 22, 2011 – The directors of the Saharo Foundation, USA held an open meeting today in Washington D. C. to announce that their organization had secured the securing of 501(C)(3) designation from the U.S. government. The directors included Mr. Ali Nawaz Memon, Mr Hanif Sangi, Mr. Husnain Shaikh, Mr. Zhid Shaikh, and Mr. Sirhandi, The meeting was held at a local restaurant and was attended by several members of local Sindhi community.

The organizations having section 501(c)(3) exemptions are referred to as charitable organizations and are eligible to receive US tax-deductible contributions from US taxpayers. Such organizations commit to direct all funds they collect for charitable causes and are not permitted to be used for the benefit of private interests and no part of their net earnings can be spent for the benefit of any private shareholder or individual.

Continue reading Saharo Foundation Meeting in Washington D. C.

INDIA IS TRYING TO COMPETE WITH PAKISTAN IN CORRUPTION

In MP, babus sleep on bed of cash

by Suchandana Gupta

BHOPAL: In ‘bimaru’ Madhya Pradesh, bank lockers of bureaucrats and government officials are bursting with cash and gold.  An IAS couple here owns 25 flats and 400 acres of land. A middle-ranking engineer’s wife owns three houses and has more than 10 kg gold in her bank locker. And wherever the income tax department conducts a raid, so much cash is unearthed that counting machines have to be brought in. ….
Read more : The Times of India

Pakistan – Borrow until broke: how to make a nation fail

– Dr Manzur Ejaz

The lack of governance, irresponsible spending by the governing elite and non-collection of income taxes are the biggest hurdles. Power shortages, corruption and nepotism are major hurdles for the private sector to increase production. The opportunism of different political parties does not allow any government to devise a rational policy …

Read more : Wichaar

Pakistan nears bankruptcy, yet its Army poaches most of the resources of the nation

As Pakistan nears bankruptcy, patience of foreign lenders wears thin

BY GRAEME SMITH

ISLAMABAD — A terrifying kind of mathematics has become popular among aid workers, analysts and others who spend their lives tracking the fate of Pakistan. It’s a back-of-the-envelope calculation about how the country will get through the coming years without declaring bankruptcy: take the country’s foreign debt ($53-billion), add interest, subtract the $1.8-billion that won’t arrive as scheduled on Jan. 1 from the International Monetary Fund because Islamabad failed to meet loan conditions. Add the staggering cost, perhaps $10-billion, of rebuilding after summer floods.

The numbers seem bleak. The government floated the possibility last week of running a deficit for the coming year of $15-billion.

Islamabad’s latest plan to raise revenue, a reformed tax law, has become bogged down by stubborn opposition parties, front-page criticism and street protests. The cabinet’s economic team is threatening to quit.

Pakistan needs a bailout. But is the country still a good investment?

“That’s the conversation people are having now, about whether you’d be throwing good money after bad,” said Mosharraf Zaidi, a development expert and policy analyst based in Islamabad.

The international community has accused Pakistan of poor financial management for years. Cables recently posted by the website WikiLeaks show a U.S. intelligence official complaining in 2008 about the country’s preference for spending money on strategic military hardware instead of development: “Despite pending economic catastrophe, Pakistan is producing nuclear weapons at a faster rate than any other country in the world.” …

READ MORE : Globe and Mail

US Afghan war review — Dr Mohammad Taqi

The word victory has never featured in Mr Obama’s speeches in the Afghan context and is unlikely to pop up now. We will hear a lot from him about the build-hold-clear-stabilise-handover process and the long term US ‘commitment’, but there will be hardly any reference to nation-building or even sustained counterinsurgency

US president Barack Obama will announce his annual review of the Afghan war today (December 16, 2010). A successful legal challenge to Mr Obama’s healthcare plan and hectic congressional activity to extend the Bush-era income tax cuts had pushed this review off the US media radar, but the death of the Special Representative Richard Holbrooke has managed to put it back in the news-cycle, at least for the time being. What was expected to be a low key affair will still remain a whimper but more questions are being asked about the shape of the things to come as a larger-than-life member of Mr Obama’s Pak-Afghan team made his exit from the diplomatic and world stage.

The Washington Post has reported that Mr Holbrooke’s last words, spoken to his surgeon, were: “You have got to stop this war in Afghanistan.” Incidentally, Mr Holbrooke’s surgeon happened to be a King Edward Medical College-educated Pakistani. Of course, neither the surgeon nor the common Pakistanis have much to do with the war in Afghanistan but given the Pakistani establishment’s massive involvement in favour of the Taliban, Mr Holbrooke’s last words seem almost surreal.

Mr Holbrooke, however, was not the only one calling for ending the war in Afghanistan. On the eve of the Afghan war review, a 25-member group of experts on Afghanistan, which includes respected names like Ahmed Rashid and Professor Antonio Giustozzi, has published an open letter to Mr Obama, calling on him to authorise a formal negotiation with the Afghan Taliban and seek a political settlement. However, buried in the text of the 1,030-word long plea to talk to the Taliban is the key sentence: “With Pakistan’s active support for the Taliban, it is not realistic to bet on a military solution.” …

Read more : Daily Times

Let’s germinate like Germany did

– Muhammad Shoaib Akif

President Asif Ali Zardari will continue to face a difficult, and at times war-like, situation through such media debates which rather look like trials. The participants in the debates usually are the beneficiary of the system that speaks volumes about an ever-untold truth that is about human relationships that are determined by economy and security. President Zardari is in a struggle to change the system. Since he means economy and security for all, and not for only a few hundred thousand elitist Pakistanis, he would continue to face resistance. What does security and economy here in Pakistan for everyone mean? Moreover, what if these two entities are not achieved justifiably with the reasons quite understandable even to an illiterate and what is not happening here for more than 63 years? Last but not the least, who will help us achieve these utmost requirements and how? Let’s have one of the pertinent examples say of Germany to find the answer. Germany acted rationally after experiencing almost total devastation caused by its expansionist policies during Second World War 63 years ago. Germans did not raise another army; it raised its economic structure through social democracy. And that enabled Germany make its citizens secure both socially and economically. To Germans security and economy of an individual is security of state itself. The people out there do not need thousands of judges and generals because a responsible bureaucracy, which is much smaller than ours, does its job amicably under the guidance of political government. Germens do not have to pay almost 10 billion US$ to keep only their not-awfully over-sized army and administration happy every year as we do here. Although their differences between expenditures and income may be in hundreds of US$ billion yet the differences are not mere due to their spending on their army and administration but on employed and unemployed citizens living therein. Germany makes her citizens secure both socially and economically and in turn the citizens show a paramount patriotism and protect the state also simply because the state does best possible justice with them. None can refute a recent example when world economic recession had just started off to effect Germany; it were the elites of Germany who asked their state publicly to tax them more than what their common citizens paid. In fact, almost all the citizens work, produce and pay taxes willingly and thus increase the income of the state to be spent back on them in various ways later in shape of social and economic security. To them and rightly so: security and economy of an individual is the security of state itself. …

Read more : The Frontier Post

Petition urging 9 senators to join Senator Sanders in stopping the millionaires’ bailout

Block the Millionaire Bailout

Last night, President Obama announced that he’s giving in to the GOP and extending the Bush tax breaks for the rich.

The “deal” President Obama is proposing is an “absolute disaster,” as Senator Bernie Sanders said. So Sen. Sanders said last night he would “do whatever I can to see that 60 votes are not acquired to pass this piece of legislation.”

But Sen. Sanders can’t do it alone. So we’re urging other leading progressives in the Senate to stand with him to block any extension of the millionaire bailout.

Can you sign the petition to leading progressive senators today?

A compiled petition with your individual comment will be presented to Sens. Feingold, Franken, Brown (OH), Boxer, Merkley, Whitehouse, Durbin, Harkin, and Schumer.

Political Action – Sign the Petition : Move On

Most of the leaders of third world countries on sale, but Pakistan’s ruling elite is exception & it is very lower level satrap and slave

ANALYSIS: Schamlosigkeit! — Mir Mohammad Ali Talpur

….. Here, our easily purchasable politicians and bureaucrats do not hesitate to barter away their souls and, in Reko Diq’s case, the asking price is not their souls but the easily dispensable rights and future of the Baloch people.

The rights of the Baloch people seem inconsequential to the centre and they flout them with brazenness. Recently, Balochistan Assembly Speaker Mohammad Aslam Bhootani minced no words and exposed the immense pressure being put on them by the Prime Minister’s House to allot 70,000 acres in the environs of Hingol National Park to Arab princes for rest and recreation. He emphasised that the Balochistan government had earlier refused this land to a federal security institution because of the local people’s opposition. The Arab princes would do well to remember that in Balochistan they will not enjoy the tranquillity that Cholistan offers because here the people will definitely resist their unwanted presence.

Sheikh Khalifa bin Zayed Al-Nahyan, president of the UAE, alone has been allotted hunting permits in Zhob, Ormara, Gwadar, Pasni, Panjgur and Washuk districts. Pakistan is a signatory of the UN Bonn Convention on migratory species, which protects the endangered Houbara Bustard. But expecting respect for ‘bird rights’ where ‘human rights’ suffer immeasurably is infantile fantasy.

The Arab royalty have also been granted tax exemptions for all their property and imports for hunting purposes. The Federal Bureau of Revenue (FBR) clarified that “similar exemptions were also given to the United Nations, charitable organisations and diplomats”. The Arab rulers certainly qualify as ‘charitable organisations’ for the rulers and politicians here. They give them asylum and plead their case with the US.

The Pakistani politicians and the establishment are very fragile and vulnerable to pressures as is amply proved by the WikiLeaks or rather the ‘Wikitorrents’ that they have turned into. WikiLeaks certainly threatens to sweep away many a reputation and career around the world except perhaps in Pakistan and the Middle East where phenomenally shameless unashamedness or Schamlosigkeit exists as a unique quality in the rulers and establishments; the worse the reputation, the better are the chances of success.

The respect that the Arab princes and rulers accord to the rulers and politicians here is apparent from the choice epithets used for them in WikiLeaks. Some are considered dirty but not dangerous and others are dangerous but not dirty, and yet these shameless people go grovelling to their liege lords like serfs and subjects.

These rulers and politicians and the establishment sacrifice self-respect for material benefits; they cannot be expected to stand up for the rights of the Baloch people over their resources and land. And, moreover, because the Baloch do not expect them to protect their rights, they will resist Tethyan and the Arab princes’ encroachments on their land and resources in the same way that made, in spite of the huge military presence, Amoco Oil Company give up oil exploration in the Marri area in 1974.

To read full article : Daily Times

The writer has an association with the Baloch rights movement going back to the early 1970s. He can be contacted at mmatalpur@gmail.com

Sindh – very sad state of affairs!

Centre wins over Sindh on GST collection – By Khaleeq Kiani

ISLAMABAD, Nov 25: In a major breakthrough, the Sindh government has agreed to surrender its rights over collection of general sales tax on 10 crucial services to the Federal Board of Revenue for one year, paving the way for the smooth adoption of new tax laws by four provincial assemblies. …

Read more : DAWN

Bharat Mahan : The Most Corrupt nation on this planet, say Jay Hind

$1.5 Trillion of India’s stolen money: Swiss Banking Association
Transparency International and the Freedom Foundation ignore the blatant and egregious theft of money from official coffers of the Government of India. The Most Corrupt nation on this planet Bharat (aka India).

Swiss Banking Association report, details bank deposits in the territory of Switzerland by nationals of following countries:

Top five: India—- $1,456 billion (Public loot since 1947), Russia —$ 470 billion, UK ——-$390 billion, Ukraine – $100 billion, China —–$ 96 billion

According to Global Financial Integrity Indian politicians, IAS, IRS, IPS and people from entertainment and sports industry have deposited $ 325 billion in last five years in Swiss accounts (say Jay Hind).

This may be the picture of deposits in Swiss banks only. What about other international destinations? There are presumably more than 70 Tax havens in the world. Indian wealth could be more in Switzerland and various British /US islands. At least forty countries market themselves aggressively as tax havens.

After Bharat mahan the second best Russia has 4 times lesser deposit in Swiss accounts. US is not even there in the counting in top five !! India has more money in swiss banks than all the other countries combined.

Interestingly Swiss government agreed to disclose the names of the account holders only if the respective governments formally asked for it but Indian govt. is not asking for the details. Annually more than 100,000 Indians travel to Switzerland, of whom 35,000 travel very frequently.

A few corrupt Indians have 1.5 trillion dollars of black money on other hand daily 3000-4000 children die from malnutrition in India and 1000 pregnant women die every day in India (say Jay Hind). More than 70% of population is anemic (In simple maths after 50 years there will be no Indian in India.) India got the gold medal in black money but they are competing with Angola and Congo in GHI (global hunger Index).

Chennai, The Switzerland government has not received any request from the Indian government for sharing the names of tax evaders who have stashed away their illicit money in Swiss banks, the Swiss Ambassador to India Philippe Weiti said Wednesday. …

Read more : Wichaar

More details : BBC urdu

Tax troubles

WASHINGTON DIARY: Tax troubles

by Dr Manzur Ejaz, USA

Courtesy: Wichaar.com, September 29th, 2009

With taxable classes not paying, indirect taxes have been used to skim people who are least capable of paying anything to the government. Even then, the gap remains wide and ruling elites travel the world to beg, borrow, steal or blackmail.

Continue reading Tax troubles