DAVOS: More than 360 affluent individuals, including actor Mark Ruffalo and musician Brian Eno, have signed an open letter urging governments worldwide to impose higher taxes on millionaires and billionaires. The letter, addressed to world leaders attending the World Economic Forum in Davos, seeks to curb the influence of extreme wealth on politics, media, and […]
wealth tax
Pakistan budget 2025: IMF blocks wealth tax, clears Rs10 billion digital tax
The International Monetary Fund (IMF) has turned down Pakistan’s proposal to impose a wealth tax and a 5% duty on one-day-old chicks. These suggestions, made by the Federal Board of Revenue (FBR), aimed to raise quick revenue but lacked broad economic logic. The IMF stressed that taxation should focus on income rather than targeting specific […]