Eco Scholar

  Cooperative tax  is imposed on the net income of companies (private and public). Government imposes taxes to collect revenue. But high tax rates cause  Hyperinflation.  There are many disadvantages of high rate cooperative tax, discussed blew Cooperative Tax and Pakistan Cooperative tax is a threat to Pakistan's economy in the present situation. A study shows that a 1 % increase in tax will cause a 0.433 % decrease in GDP. 10% super tax imposed on banks, sugar, automobiles, oil, cigarettes, gas, beverages, cement, chemicals, steel, textile, fertilizers, terminals, airlines, and LPG. Cooperate tax and other countries Cooperate tax has reached a high level of 39% after the increment of super tax of 10%. After the non-deductibles, the tax on adjusted profit means that the ratio between the income of owners and the government will be 55:45. This rate is the highest rate in all free countries all over the world. The countries who want to capture foreign direct investmen...