Tax Evasion
A report on tax plocy jointly compiled by the federal Board of Revenue
,world Bank and Andrew young school of public policy Georgia statee
University reveals tax evasion of RS 796 billion in Pakistan during the year
2007-2008. The report also suggests various administrative and policy
measures to curb tax evasion and enhance the Government Revenues.Tax
evasion is a global phenomenon. There is hardly any tax system in the world
immune of evasion.It is estimated that around 255 billion US –dollars are
evaded every year Globally. The USA being the largest economy according to
a report tax amounting to 100 Billion US dollars evaded every year.China
which is the fastest growing economy in the world also faces challenges of
tax evasion.It is estimated that around 30 billion yuans equal to 4.4
billion US dollars are lost due to tax evasion by the multinationals
operating in china.
A report on tax plocy jointly compiled by the federal Board of Revenue
,world Bank and Andrew young school of public policy Georgia statee
University reveals tax evasion of RS 796 billion in Pakistan during the year
2007-2008. The report also suggests various administrative and policy
measures to curb tax evasion and enhance the Government Revenues.Tax
evasion is a global phenomenon. There is hardly any tax system in the world
immune of evasion.It is estimated that around 255 billion US –dollars are
evaded every year Globally. The USA being the largest economy according to
a report tax amounting to 100 Billion US dollars evaded every year.China
which is the fastest growing economy in the world also faces challenges of
tax evasion.It is estimated that around 30 billion yuans equal to 4.4
billion US dollars are lost due to tax evasion by the multinationals
operating in china.
No comments:
Post a Comment