Corporate tax
Focus on growth, not taxes. Vietnam's standard corporate tax rate is 20 per cent and preferential tax rates are as low as 10 per cent, depending on factors like investment…
Towards better global corporate tax regime
‘Since the 1980s, countries have competed for business by reducing companies’ taxes. A few nations, like Ireland and Bermuda, have adopted extremely low rates and become tax havens for companies…
Broad base, low rate taxes
Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work,…
Corporate vs turnover taxes
Now here’s something different. A recent post on an interesting blog called microeconomicinsights.org summarises the findings of a study published in 2015 with the rather dry title of Production versus…
Flat-rate taxation: Alternate solution – I
Synopsis: At present, both the centre and provinces are not collecting taxes according to their respective potential due to weak enforcement and inherent problems of an outdated tax system. Total tax…
Flat-rate taxation: Alternate solution – II
The new paradigm Under the afore-stated situation of lawlessness, a fresh approach and a renewed policy are urgently needed measures to replace the entire taxation system for fiscal consolidation and…
Tax mobilisation strategy
The Chairman Federal Board of Revenue (FBR) has directed Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to take immediate steps to achieve downward revised revenue…
Recuperate tax justice system
The existing tax appellate system - hopelessly redundant, painfully unproductive and marred with inefficiency and inordinate delays - needs complete restructuring so that fiscal disputes between the State and taxpayers…
Authorised Capital Tax: A tax even on the idea of thinking corporate
The economic barometer of a country can be measured as shooting downwards where instead of promoting and making it easier for corporates to enter the market place and guarantee the…
Let technology save the tax system
An anaemic tax-to-GDP ratio is a reality that is reiterated time and again. Similarly, a distorted taxation structure that is regressive, and heavily penalizes the most vulnerable segments of society…
