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Curtailing global tax avoidance practices

Global taxation is central to global decision-making because most foreign direct investment (FDI) and global operations these days are biased by tax considerations. The numbers are huge. For instance, with…

Global efforts to curb tax avoidance

In the aftermath of the release of the "Paradise Papers", 200 delegates from 147 countries and jurisdictions met in Yaoundé, Cameroon recently for the 10th meeting of the Global Forum on…

Global efforts to curb tax avoidance

In the aftermath of the release of the "Paradise Papers", 200 delegates from 147 countries and jurisdictions met in Yaoundé, Cameroon recently for the 10th meeting of the Global Forum on…

The Cost Of Tax Avoidance

The cost of tax avoidance

International pharmaceutical companies are facing issues with regard to intellectual property rights in developed and developing countries, and local medicines that have proved to be dangerous for patients. At the…

Tax Avoidance Schemes

Tax avoidance schemes

At the moment tax avoidance is addressed in three main ways - (i) Purposive interpretation of tax statutes by the Courts; (ii) Specific anti-avoidance legislation; and (iii) Rules requiring the…

Anti-avoidance Mechanism In Sales Tax Act, 1990

Anti-avoidance mechanism in Sales Tax Act, 1990

Individuals and businesses make arrangements through which they alienate their real income in order to be taxed at lower rates. This effort attracts application of those provisions of law which…

OECD, Pakistan & tax evasion

The Organisation for Economic Co-operation and Development (OECD), an international organization dedicated to promoting economic development and cooperation among its member countries, conducts extensive research and analysis on a wide…

Got taxes? Post-budget survival guide

Are you feeling disgusted and enraged post-budget 2024? Because every salaried person in the country rightfully is. We have known for decades that there is a need to broaden the…

Regressive taxes, neglected reforms

Pakistan’s reliance on bilateral, trilateral, and friendly countries to fulfill its financial requirements not only undermines its sovereignty, but also intensifies the hardships of its citizens. Despite engaging in numerous…

Towards a fairer tax system

The World Bank, in its latest report, ‘Pakistan Development Update’, issues a stark warning: in the current fiscal year, the country’s fiscal deficit is projected to skyrocket to a staggering…