#11thHour #TradersProtest #TradersStrike #Traders #TaxSystemInPakistan #Tax #WaseemBadami #ShabbarZaidi
Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY
Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP
ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
Official Facebook: https://www.fb.com/arynewsasia
Official Twitter: https://www.twitter.com/arynewsofficial
Official Instagram: https://instagram.com/arynewstv
Website: https://arynews.tv
Watch ARY NEWS LIVE: http://live.arynews.tv
Listen Live: http://live.arynews.tv/audio
Listen Top of the hour Headlines, Bulletins & Programs: https://soundcloud.com/arynewsofficial
#ARYNews
ARY News Official YouTube Channel.
For more videos, subscribe to our channel and for suggestions please use the comment section.
Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY
Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP
ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
Official Facebook: https://www.fb.com/arynewsasia
Official Twitter: https://www.twitter.com/arynewsofficial
Official Instagram: https://instagram.com/arynewstv
Website: https://arynews.tv
Watch ARY NEWS LIVE: http://live.arynews.tv
Listen Live: http://live.arynews.tv/audio
Listen Top of the hour Headlines, Bulletins & Programs: https://soundcloud.com/arynewsofficial
#ARYNews
ARY News Official YouTube Channel.
For more videos, subscribe to our channel and for suggestions please use the comment section.
Category
🗞
NewsTranscript
00:00Look, Mr. Badami, the position we are in today is that the government is fundamentally right-wing.
00:09Okay.
00:09But it is absolutely true that this time, there has been a deception with the merchants,
00:17in the sense that the merchant-friendly scheme that was brought,
00:22the merchants were thinking that this is some kind of fixed tax and they have been limited to some liability.
00:31But as I told you earlier, this is not a fixed tax scheme,
00:36this is only a liability of advance tax and the income will be determined based on that.
00:42So when they brought this merchant-friendly scheme,
00:46at that time, the merchants should have understood that what they are understanding is not that.
00:54Now when the return date is approaching, they have understood that this is not that,
01:01that is why they have come to the streets.
01:03So this is the fundamental issue that the government…
01:06Okay, the second thing, Mr. Badami, you people keep saying that the merchant is the guide.
01:13Yes.
01:14Tell me, can these merchant-friendly people who come with you,
01:20if I make an agreement with them or if I do something with them,
01:25can they enforce that thing?
01:28For argument's sake, Mr. Ajmal Chaudhary comes, Mr. Kashif Chaudhary comes, Mr. Naeem Bir comes,
01:36there are other people, they are very reasonable people, they have made a big deal with me.
01:40If I agree with Mr. Naeem Bir today that every merchant will pay Rs. 10, for argument's sake,
01:47only Rs. 10, will Mr. Naeem Bir be able to bring all the merchants of Pakistan in this?
01:55Sir, if there is a representative body of the merchants and they are coming for negotiations,
01:59then they will also be responsible, if something has been agreed, they will get it implemented.
02:03There is no representative body, there is no representative body,
02:09all of them, my question is, Mr. Maseeb, it's a question again,
02:13that the merchants that you see, yes, they are the presidents of some merchants,
02:19but my question is, when I agree with them on something, can they enforce it?
02:25Then at least, Mr. Shabbar, we will not be able to morally oppose it in our primes.
02:31Sir, you must have agreed on one thing, by and large.
02:33No, I will make it easy for you.
02:36At the moment, Mr. Naeem is the chief coordinator of this scheme.
02:40Of the Taj-e-Dos scheme.
02:41Okay?
02:41Yes.
02:43Yes, he is the chief coordinator of the Taj-e-Dos scheme.
02:44Absolutely.
02:45Would I have agreed with Mr. Naeem if I had agreed with Mr. Naeem today
02:50that everyone's liability will be Rs. 5,000, for argument's sake,
02:54would Mr. Naeem Bir be able to get me Rs. 5,000 from all the merchants of Pakistan?
03:01Yes, Mr. Naeem is standing on the other side at the moment.
03:04Okay, I will take my point forward.
03:06Okay.
03:06I understood your point.
03:08The thing is, first of all, I am very happy that the matter has reached this point
03:17and I was waiting for this strike to take place and this place to be deadlocked.
03:23And it will be deadlocked.
03:26And the reason for this deadlock is that there is no mutual trust between the government and the merchants.
03:35Why are you happy about this?
03:36This is wrong.
03:38Yes, I am very happy.
03:39Why?
03:40I am very happy because now things are in the right place.
03:44When your fight is over, then the decision is made.
03:49Okay.
03:50I am happy because I was waiting for the merchants' scheme to come
03:58and then this would be a failure and after this failure, there would be a strike on this
04:05and now we will sit and decide what will happen.
04:09If a merchant thinks that he will take a fixed tax, limit it to Rs. 10,000 or limit it to Rs. 1,000,
04:18then his dream is void.
04:20Ultimately, he will have to pay tax on his income.
04:25And this should happen, Mr. Shabbar.
04:26This should happen.
04:30What?
04:30I am saying that this should happen, that there should be a tax on income.
04:34This should happen.
04:35Yes, there should be a tax on income.
04:37This is a very clear position from the IWF.
04:40Naeem is also right that there should be a tax on income.
04:45The schemes that we have put in place,
04:47this scheme, that scheme, fixed tax scheme,
04:51all this can happen on very small merchants.
04:53It cannot happen on medium and large merchants.
04:56But Mr. Javed has this objection, Mr. Shabbar,
04:58that on the basis of market value, you are deciding on revenue.
05:02I agree that there should be no market value.
05:07I am agreeing.
05:08What I mean to say is,
05:10please understand what I am saying.
05:12My question is that you can put a fixed scheme on a very small merchant.
05:17But tell me,
05:19will you put a scheme on Bori Bazar, Akbari Mandi, Anarkali, Liberty, Raja Bazar?
05:25What are you saying?
05:27You are saying that my shop is in Raja Bazar,
05:30my shop is in Anarkali,
05:32my shop is on Hall Road,
05:34should I give you a salary tax of Rs. 10,000?
05:37What is wrong with you?
05:38Right.
05:38We are in our senses.
05:40Right.
05:40These are useless things.
05:42And this thing is reaching its logical foundation.
05:48There has been one strike.
05:49There will be more strikes.
05:51And they will deadlock each other.
05:54And after deadlocking,
05:56the government and our establishment will have to decide
06:01whether they want to take tax from the merchants or not.
06:05This thing that there should be a reform in FBR,
06:08this should happen in FBR,
06:09that should happen in FBR,
06:11this is just an attempt to twist things from both sides.
06:16And I want to say the last thing in this,
06:18that no scheme,
06:20no scheme can ever be applied generally on a retailer,
06:26nor should it be.
06:27Every person has to pay tax on their income.
06:31No, Mr. Mir.
06:33You are the coordinator of this scheme.
06:35You tell us.
06:36Mr. Javed and Mr. Shabbar have clearly told us
06:38that this is their opinion,
06:40that this is not a way to decide on the basis of market value.
06:44You have to pay tax on your income.
06:45So, you tell us what you have to say on this, Mr. Naeem.
06:48Look, the thing is that
06:49tax will be taken on income
06:52when someone expresses their income
06:55in their tax return,
06:56then that will be taxed.
06:57If someone is not satisfied with that income,
07:01then the tax authority will audit it.
07:04This is a very simple method.
07:07Now, the real problem is that
07:09when people do not deposit their tax returns,
07:12then who will determine their income?
07:15One way, one indicator has to be made.
07:18Now, this indicator has been made,
07:21there is an objection on it.
07:22Very good.
07:23It is a very good thing.
07:24Mr. Shabbar Jaidi raised that objection.
07:27Mr. Javed Qureshi raised the objection
07:31and said that tax should be imposed on income.
07:33So, the only way to determine income
07:37is the point of sale.
07:38Yes.
07:39There is no other way.
07:40Yes.
07:40This means that when they are demanding
07:43that our traders should impose tax on our income,
07:46then they are demanding
07:49that point of sales should be imposed on our shops.
07:51Yes, absolutely right.
07:52So, they should make their demand clear and loud.
07:57Mr. Javed, the problem is that
07:58if there is a point of sale,
08:00then there will be an objection on that too.
08:01No, no, no.
08:02What Mr. Mir is saying,
08:04the point of sale has already been imposed.
08:06It cannot be imposed on every shop in Pakistan.
08:09Yes, it cannot be imposed on every shop in Pakistan.
08:12One risky shop...
08:14Please give me a chance to talk.
08:17I had to take my time.
08:18I...
08:19Okay, you talk.
08:20The thing is that you have asked me a question,
08:21so let me answer.
08:23When you ask Mr. Mir a question,
08:25he should also give an answer.
08:27He has a right.
08:27He should also get time.
08:28Let him complete.
08:30Let Mr. Naeem complete.
08:31Yes, Mr. Naeem.