Mahabir Pun urges tax reform, R&D push for industrial growth
▸ Part of: Mahabir Pun Advocates Tax Reform and R&D for Nepal's Industrial Growth
Rastriya Swatantra Party lawmaker Mahabir Pun has urged the government to prioritize research, innovation, and industrial development for economic growth and self-reliance. He advocated for a more industry-friendly tax system, highlighting that current policies discourage domestic production by taxing raw materials heavily while lightly taxing imported finished goods. Pun also pointed out the lack of a structured intellectual property system in Nepal, preventing local inventors from registering patents domestically and calling for state subsidies for international patent registration.
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