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Govt unable to utlise tax money: Binod Chaudhary

File: Binod Chaudhary

Kathmandu, August 21

Industrialist Binod Chaudhary says the government has failed to utlise the money it raises from the people as tax.

Lawmaker Chaudhary, who was speaking in Parliament, added that there was no point in collecting money from the people if the government did not spend the money on the sector it promised to spend.

“Taxes should be determined based on the capacity of the taxpayer. A person involved in a business should not be taxed in different ways. The people should feel that their tax is being utilised,” he added.

Chaudhary said that tax collected in the name of social security for the last nine years remain unused. “The Rs 33 billion collected from hard-earned money of the people remains unutilised,” he said. Similarly, Rs 23 billion collected as tax on petroleum products also remains unused.

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