PPP/C parliamentarian Irfaan Ali yesterday took aim at government’s proposed $250 billion budget, saying it was “saturated with taxes” that will “suffocate” both traditional and non-traditional businesses next year.
Ali said it was hardly surprising that the government was projecting a “whopping” $13.1 billion increase in its tax revenues and he pointed to the proposed application of a 14% Value-Added Tax (VAT) on water and electricity bills in excess of $1,500 and $10,000, respectively,
