Countering sales tax frauds
Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that include tax evasion, fake invoicing, refund fraud, and misreporting of income, lead to…
Tax frauds, corruption & NAB
In majority tax frauds, the usual parties are the official(s) and the taxpayer(s). Cases where unilateral tax fraud is committed are rare such as using fictitious bank account(s) to obtain…
Sordid story of tax frauds – III
During 2003-2007, one tax official used different techniques to issue illegal refunds in several cases without any check by any agency. It was found that the accused official during his…
Export-led growth and effective tax management: Leveraging Digital Product Passport
As the EU tightens its regulations, many countries view compliance as a mere obligation, but the implications of this can have benefits far beyond maintaining trade relations. By aligning with…
AI-led taxation
It was famously said by Benjamin Franklin, “In this world, nothing is certain except death and taxes”. Perhaps Benjamin was unaware of the lagging efficient administration, shallow policy orchestrations, and…
Fixing taxation
AN essential component of any progressing economy is the taxation system. However, Pakistan’s tax regime is grappling with issues often faced by developing economies: low compliance, inefficiencies, and a narrow…
Digital risk taxonomy and customer protection
Rapid technical breakthroughs have astounded the world during the last several decades. It has influenced and left an everlasting mark on anything and anything that humans can quantify. The banking…
100 banks, 1,000 suspects: German fraud probe puts Scholz on the spot
German chancellor Olaf Scholz faces lawmakers’ questions this week over his role in tackling a multibillion-euro tax fraud as a sprawling probe into the scheme threatens to undermine him as…
FBR — making tax digital and beyond (II)
The top global trend at the moment is continuous transaction control-CTC aiming to close VAT gaps, increase revenue and have more control over data. CTC regimes however, is not uniform…
Need for income tax law – III
Part 2 - Special Cases 66. (1) Where a person dies, his legal representative or the executor shall be liable to pay any sum, which the deceased would have been…
