The voluntary tax compliance scheme
The Government has presented to the National Assembly a bill on a voluntary tax compliance scheme (VTCS) for traders. This is the outcome of extended deliberations with the trading community…
Amnesty scheme humdrum
Amnesty schemes have been generally unsuccessful in Pakistan. Frequent announcement of such schemes has set a predictable pattern when the next scheme would be offered; the proposed new scheme is…
Amnesty scheme: why it should be availed?
This writer has written numerous articles in the last two years on the matter of undisclosed foreign assets of Pakistani citizens. Now an Act to this effect has been passed…
PML-N government’s fourth amnesty scheme
The fourth amnesty scheme during the incumbent PML-N administration was announced as a one-off by Prime Minister Shahid Khaqan Abbasi on Thursday, flanked by his Special Advisor on Finance, Revenue…
Greece gets drastic on sour loans with securitisation schemes
Greek authorities want banks to clean up their loan books faster, and they have put together new schemes to help lenders offload bad debt by wrapping it into asset-backed securities.…
Amnesty schemes
Tax amnesty schemes have been extremely popular with our finance ministers - irrespective of whether they operated within civilian or military dispensations and irrespective of whether they were qualified economists…
Highly controversial tax scheme
The PML-N government on last Friday, as a new year's gift to the chronic tax evaders, announced yet another scheme which will facilitate traders and alike, who haven't as yet…
Traders and the amnesty scheme
The National Assembly recently passed the Income Tax (Amendment) Act of 2016. This is the formal name given to the government’s Voluntary Tax Compliance Scheme — a policy tool designed…
Yet another tax amnesty scheme
Yet another tax amnesty scheme has been announced and this time too by Prime Minister Nawaz Sharif though few had any doubts about precisely who the real architect was: Federal…
Improving tax compliance
Tax reforms, initiated in 2000 borrowing US$100 million from the World Bank, even after 15 years, have failed to improve voluntary compliance and tax-to-GDP ratio. In fiscal year 2014-15, Federal…
