Download or read book The Role of Taxation in Pakistan s Revival written by Jorge Martinez-Vazquez and published by Oxford University Press, USA. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tax system of Pakistan continues to under-perform, in particular, in its ability to raise adequate revenues. The bases of the most important taxes, such as Personal and Corporate Income Tax and the General Sales Tax (GST), continue to be narrow and the level of tax evasion remains high. Moreover, in recent years, the Tax-to-GDP (Gross Domestic Product) ratio has seen a substantial decline. On the other hand, most of the macroeconomic fiscal adjustment in recent years has been on the expenditure side of the budget. The country's need for spending on social services such as education, health, and capital infrastructure are likely to increase in the near future as governments pursue a strategy of sustained economic growth. Most political manifestoes brought forward by political parties spell out major expenditure programmes while expressing a desire to increase tax collection. To reach the desired taxation level in Pakistan, an in-depth policy reforms programme needs to be formulated by policymakers. This will require a detailed analysis of tax structures and tax administration. An attempt has been made in this book to provide the necessary analysis.
Download or read book Tax Policy Options to Promote Private Capital Formation in Pakistan written by Andrew Feltenstein and published by World Bank Publications. This book was released on 1991 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Pakistan, at least, changes in corporate tax rates are probably better instruments for promoting capital promoting capital formation than are increased investment tax credits. Increasing the investment tax credit stimulates more capital formation than does decreasing corporate taxes, but the tax credits also increase inflation.
Download or read book Unlocking Pakistan s Revenue Potential written by Mr.Serhan Cevik and published by International Monetary Fund. This book was released on 2016-08-26 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the significant progress in recent years, Pakistan’s tax revenue remains low relative to comparator countries and the tax effort expected for the country’s level of development. In light of the potential endogenity of tax revenue and economic growth, this paper contributes to the literature by developing a novel identification strategy to estimate the short-run and long-run elasticities of tax revenue. The empirical findings indicate that a tax system with low elasticity cannot take full advantage of economic growth. Accordingly, unlocking revenue potential is dependent on broadening the tax base, strengthening administration, and rationalizing tax policy across all levels of the general government.
Download or read book The Law and Practice of Income tax in Pakistan Act XI of 1922 written by S. Mohd. Raza Naqvi and published by . This book was released on 1963 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Smoke Screen written by Mr.Serhan Cevik and published by International Monetary Fund. This book was released on 2016-08-26 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates the magnitude and speed of tax pass-through across tobacco products at different price points in Pakistan by using a novel dataset of monthly observations on cigarette prices in 50 cities during the period 2004-2015. The pass-through of cigarette taxes to retail prices is found to occur within two months, but is mostly incomplete in magnitude. On average, a one-rupee tax increase is estimated to lead to an increase of only PRs 0.8 in retail cigarette prices. This is driven by the fact that tobacco manufacturers absorb a significant part of the tax increase. For the premium brand, however, I observe full passthrough, indicating possibilities of different demand elasticities across product tiers. These findings are likely to be attributable to competitive market pressures, especially at the budget end of the price spectrum, possibly stemming from changing consumption patterns with greater awareness of health risks as well as the impact of illicit domestic production.
Download or read book Corporate Income Taxes under Pressure written by Ruud A. de Mooij and published by International Monetary Fund. This book was released on 2021-02-26 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book describes the difficulties of the current international corporate income tax system. It starts by describing its origins and how changes, such as the development of multinational enterprises and digitalization have created fundamental problems, not foreseen at its inception. These include tax competition—as governments try to attract tax bases through low tax rates or incentives, and profit shifting, as companies avoid tax by reporting profits in jurisdictions with lower tax rates. The book then discusses solutions, including both evolutionary changes to the current system and fundamental reform options. It covers both reform efforts already under way, for example under the Inclusive Framework at the OECD, and potential radical reform ideas developed by academics.
Download or read book Tax Morale What Drives People and Businesses to Pay Tax written by OECD and published by OECD Publishing. This book was released on 2019-09-11 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlocking what drives tax morale – the intrinsic willingness to pay tax – can greatly assist governments in the design of tax policies and their administration, particularly in developing countries where compliance rates are low. This report builds on previous OECD research to identify some of the key socio-economic and institutional drivers of tax morale across developing countries, and seeks to test for evidence of the social contract by examining the impact of public services on tax morale. It also uses new data on tax certainty as an entry point to explore tax morale in businesses, where existing research is very limited. Finally, the report identifies a range of factors related to the tax system that may affect business decision making, how they vary across regions, and suggests some areas for future research. Overall, the report provides a range of suggestions for further work, and how tax morale considerations can be integrated into holistic tax compliance strategies.
Download or read book Taxing Agriculture in Pakistan written by Mr.Mahmood Hasan Khan and published by International Monetary Fund. This book was released on 1998-05-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pakistan’s economic performance has been marred by persistently high fiscal deficits which have resulted largely from the inability to raise sufficient revenues. Agriculture is a dominant sector of the economy, but generates very limited revenue from direct taxes on agricultural producers. The paper first reviews the history of attempts to tax agriculture in Pakistan, the purpose of which is to underscore the difficulty in adopting and implementing a sound agricultural tax policy. It then examines various alternatives with regard to the taxation of agricultural land and incomes. Finally, it presents the outlines of a full-fledged agricultural income tax that could be implemented within the Constitutional framework in the next three to five years.
Download or read book Central Taxes in Pakistan written by Pakistan. Central Board of Revenue and published by . This book was released on 1968 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Buoyancy and Elasticity of Taxes in Pakistan written by Azad Jeetun and published by . This book was released on 1978 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brochure on Taxation of Income and Concessions to Industries in Pakistan written by Pakistan. Central Board of Revenue and published by . This book was released on 1960 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax in Pakistan written by Pakistan. Central Board of Revenue and published by . This book was released on 1965 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Incidence of the General Sales Tax in Pakistan written by MissSaadia Refaqat and published by International Monetary Fund. This book was released on 2003-11-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the social incidence of the general sales tax (GST) in Pakistan. The main finding of the study is that contrary to widespread perception, the social incidence of the GST in Pakistan is slightly progressive. The main reason for this counterintuitive result is that most items heavily consumed by the poor are exempt from GST in Pakistan.
Download or read book Pakistan Income Tax Service written by Foreign Tax Law Association and published by . This book was released on 1962* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax in Pakistan written by Pakistan. Central Board of Revenue and published by . This book was released on 1965 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Publication written by and published by . This book was released on 1960 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Facts and Figures on Income Tax written by Department of Income Tax (Karachi, Pakistan). Computer Wing and published by . This book was released on 1995 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:
