Pakistan’s economic stability hinges significantly on its ability to curb tax evasion and illicit trade. One of the initiatives in this regard is the Federal Board of Revenue’s (FBR’s) Track…
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…
A major avenue for global money laundering and tax evasion has been closed off by a new law requiring disclosure of owners of US shell companies used to hide billions…
Steal a little and they'll put you in jail, steal a lot and they'll make you king. This famous English proverb is so true when it comes to Pakistan. Illicit…
The startling revelations of the Pandora Papers have created a political storm across the world, leading to calls for action against those who hide their assets, avoid taxes and carry…
In a globalised world, with widespread international financial flows, international cooperation on tax compliance has become the norm. Central to this has been information sharing between tax authorities. Over many…
Allegation of the Federal Information Minister in a press conference on November 27, 2014 that Chairman of Pakistan Tehreek-e-Insaf, Imran Khan, and other prominent leaders of his party are "tax…
The Federal Board of Revenue (FBR), infamous for corruption and inefficiency, is now turned into House of Fraudsters. The recent news of tax frauds and scams - fake refunds, non-collection…
The economic problems of Pakistan are multifarious. The country has the lowest tax-to-GDP ratio in the world and a taxation system that is characterized as unjust and discriminatory. The macroeconomic…
It is a curious paradox that while funds for worthwhile industrial and business growth and public benefits are scarce in Pakistan, there is colossal unaccounted, untaxed, hidden money (foreign currency…
