IMRAN ALI KUNDI ISLAMABAD-After making massive reshuffle in top management of the tax board, the government is now seriously contemplating to assign fresh tax collection target for its new tax team by bring target to below Rs 1600 billion owing to the deteriorating economic situation. The government may assign fresh revenue target to its new tax team owing to the slowdown in the economy and so far tax collection performance of the FBR the first half of current financial year. The new target can be in the range of Rs 1560 to Rs 1580 billion, an official told The Nation on Saturday. It is worth mentioning here that government had already slashed the tax collection target to Rs 1604 billion from the budgetary target of Rs 1667 billion due to the unprecedented floods in the country, which caused loss of around $ 10 billion to the country. The economic experts already hinted that FBR could not go beyond Rs 1580 billion in the current fiscal year owing to the economic situation of the country. The FBR had collected Rs 660 billion in the firs half (July-December) of the ongoing financial year 2010-11 and in the current economic situation it is difficult for the tax team to achieve Rs 944 billion in the second half (January-June) to meet the revise target of Rs 1604 billion. Sources told The Nation that government had changed its tax team in order to improve its revenue collection in the remaining period of 2010-11, which remained poor in the so far period. The new team has no other option then to work for controlling corruption in the department in order to make progress in revenue collection, as the Former Finance Minister Shaukat Tarin admitted that there are more than Rs 500 billion corruptions in the Federal Board of Revenue. The economist believed that recent restructuring in the tax department was crucial to bring about a paradigm shift in the working of the tax machinery.