The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to abolish fixed charges and taxes on electricity bills. Traders argued that these additional costs have significantly increased business expenses, posing a severe challenge, especially for small and medium enterprises. Moreover, they stressed the need for comprehensive policies to stabilize energy prices and support economic growth.
Author: Web Desk
India’s growing economic inequality has become a significant concern, as the wealth of the rich continues to soar while their tax contribution remains minimal. According to a report, higher taxation on the wealthy is essential to ensure fair resource distribution. Such taxes can provide vital funding for health, education, and other public services. Impact of Unequal Taxation The current tax system places a disproportionate burden on the poor and middle class, as India generates much of its revenue through indirect taxes. This exacerbates the wealth gap between the rich and the rest of the population. Experts suggest addressing this issue…
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