TAX EVASION
Kathmandu Post (20 April,2012)
THE article shows the grim picture of the state’s failure to collect the VAT tax timely and it can be attributed to the corrupt leaders and government employees (“Tax compliance costs high in Nepal, “April 17,Money A). The situation wouldn’t have been this complicated had the people in the government worked honestly to begin with. Giving the businessmen the opportunities to self declare their incomes and expenses would never work. We can’t expect the accounts shown by the businesses to reflect reality. The chances that they would under report sales and inflate expenses are highly likely. Increasing the rate of VAT from the previous 10 percent to the current 13 percent is not sufficient to increase national levels of VAT collection. Firm determination and political will are equally required. All of this has only further entrenched public opinion that corruption has reached new heights.
