THIS is with reference to the report ‘Tax on savings schemes profit hiked to 15pc for filers’ (July 4). I am an ardent fan of the prime minister, and even a minor negative comment about him triggers my temperament like little else does. But today, I have a bone to pick. This hike in tax on savings schemes profit is a wet blanket. Poor bunnies who have worked all their lives and invested in savings schemes are at their wits’ end. I am one such poor bunny, and so are all my friends who have now retired and have their savings invested in the relevant schemes.
Is this a joke? Or is the government waiting for a backlash before reconsidering the decision? I hope that saner elements will prevail and the taxes on savings certificates will transmogrify … somehow.
Tasneem Allibhoy Tharia
THIS is with reference to the report ‘Tax on savings schemes profit hiked to 15pc for filers’ (July 4). The news came as a bombshell. And it came just three days after the so-called ‘no-tax budget’ was approved by parliament. Is it not a mini-budget? If it is not, then what is it?
The prime minister should look into this very serious matter and order the immediate withdrawal of the directive. If no action is taken, it will seriously dent the trust of the supporters of the government.
M. Maruf Athar
WHAT can one say about the government decision to increase tax rate on savings schemes profit except that it was perhaps one of the ways to ensure the presentation of a ‘no-tax budget’. The government must be celebrating its achievement, I am sure. The minister concerned and everybody else involved in the exercise deserve a pat on the back. Well done, Sirs, keep it up!
The senior citizens are nothing but useless appendices. A sure way of getting rid of them as early as possible is by making their life tougher all the time. The government is doing just that.
Published in Dawn, July 7th, 2021