NFC Award - Controversy On Sales Tax

Controversy On Sales Tax

A peep into revenue distribution history of the sub continent reveals that sales tax was in exclusive domain of provincial governments before 1947. It was partly federalized to the extent of 50 per cent in 1948-49 budget, the first of independent Pakistan, to meet the impact of massive refugee influx in Karachi which was then the federal capital.

it was in 1974 NFC award that sales tax was completely federalized and the noises made in Karachi were ignored. It declared population as the only criterion for distribution of revenue.

Read more about this topic:  NFC Award

Famous quotes containing the words controversy, sales and/or tax:

    Ours was a highly activist administration, with a lot of controversy involved ... but I’m not sure that it would be inconsistent with my own political nature to do it differently if I had it to do all over again.
    Jimmy Carter (James Earl Carter, Jr.)

    Make friends with the angels, who though invisible are always with you.... Often invoke them, constantly praise them, and make good use of their help and assistance in all your temporal and spiritual affairs.
    —St. Francis De Sales (1567–1622)

    Change of fashion is the tax levied by the industry of the poor on the vanity of the rich.
    —Sébastien-Roch Nicolas De Chamfort (1741–1794)