The most notorious of all who's responsible for widening the
gap between rich and the poor is the inadequate fiscal and taxing policies in
the country. Civil servants or corporate employees contribute a decent share of
his/her meagre salary as Personal Income Tax to the government but the
businessmen who earn in millions don't have to pay even a single ngultrum as
PIT because they could make it fool proof. On the pretext of 'illiterate,'
their business income is also grossly manipulated by hiding their true account
of business. It's generally accepted norms that the tax on Business are levied based on the visual inspection and approximation of physical stocks at that point of time which are mostly undervalued/manipulated (with exception of few cases).
The other notorious factor responsible for income disparity is the
govt's policy of going soft (with less tax) with the so called 'small' business
group. The government's strategic idea that business ventures would grow by
giving them tax holiday is making the situation worst unintentionally.
What we see as consequences of above facts is that while people working on salary could hardly make their ends met, many businessmen could afford luxurious life with expensive cars, furniture and other properties. Therefore, it’s sensible to simply believe that we needed to revisit the whole system before it goes out of control.
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