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Tuesday, July 15, 2014

We nepali are Tax Slaves

The budget 2071-72 is about to be announced and I am surprised by the way the political leaders and bureaucrats are thinking and making policies.
It’s a simple mathematics about the tax and income level and why is it that after paying tax, Service charge and VAT in most of the daily consumerable goods, still the public is out lashed with more taxes.
The government what so ever does not effort in reducing the prices where every day the prices of consumerable goods are going up but when it comes to giving benefits and relief there is no point in even saying it?

In average if you look at the market you can do the calculation yourself?
It doesn't even take more to get the number and how restrained we are by our tax rules.

The GDP per capital for 2014 is estimated to be USD 1600 that is roughly (1600*95.82) which is 1,53,312. My question is how a normal person can survive when there is a crisis situation like this. Economic depletion is killing poor and the gap between the rich and poor is gaining its peak.

Normal food:  It costs NRS 100 (plain food), if there is a family of average 5 people which is very common the mathematics goes like this

Total food expenses =5*2*100*365=  3,65,000

Our Tax system has a tax redemption of up to 250,000, to pay 1 Percent

DO YOU get it !

Today if you look at taxes, we pay 200% vehicle tax while buying a car or a bike and still the government is not able to give better options for public transport system. If there is no alternative to public transportation then the taxes in Bike and Car cost less than 10,00,000 should be redeemed. This is not logical that the government trying to evade the public from facility. It should rather facilitate than to hinder. Taxes in normal terms go for higher earning so why not have 400% taxes for cars and bikes costing more than 40,00,000 that is practical. On one hand the government is not able to facilitate with proper transportation system and its imposing more taxes, what a strategy?

How evident is it that there is no facility and still we all pay taxes.

The average money that the government thinks is below the minimum earning capacity. Our Government just wants the public to pay taxes for no benefits what so ever.

Being born in Nepal is like being born as a TAX SLAVE, Your government just wants you to pay taxes in everything that you do, rest is history……………………


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