1094
Wait, giving a fuckton of money to the people with a fuckton of money didnt work?!?!?!?!?!?
(lemmy.world)
this post was submitted on 03 Aug 2023
1094 points (98.7% liked)
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I live in Pakistan and we have been going through a terrible economic turmoil. On top of indirect taxes, the salaries of average people are taxed like crazy. Meanwhile, the businesses refuse to even come under the tax net. While inflation and currency devaluation are going crazy, and the government has been begging IMF for a bailout, government departments did mental gymnastics to provide relaxation to 5,000 out of 10,000 big retailers tax relief with bullsh*t reasons like size of their brick and mortar shops. I'm so sick of all of this. Sorry for the trauma dump. I've been incredibly frustrated.
Karachi still largely relies on paper money rather than cashless transactions (I live in the UK and hardly ever carry cash on me). So it wouldn't surprise me if businesses are underreporting their revenue so they can avoid paying taxes. If a business insists on cash in the UK, there's a good chance they're underreporting their revenue.
If a business insists on cash in the US, there's a good chance they're selling drugs on the side.
That's absolutely untrue