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Corporate Tax Reforms in Pakistan

dc.contributor.authorVaqar Ahmed
dc.contributor.authorMustafa Talpur
dc.description.abstractTax policy plays an important part in inclusive growth, incomes and wealth redistribution. Owing to a narrow tax base in Pakistan, the ability of taxes to alter distribution of incomes in favour of the poorest income quintiles has been limited. This paper specifically makes a case where private sector has been realizing anticipated profits however their rising incomes did not result in progressive changes in tax contribution. The ability of tax administrative machinery to check evasion has also remained weak. Another important matter is how a distortive tax policy is preventing entry of new firms and investments which can potentially create greater competition and enhance consumer surplus. Since 2007 Pakistan’s economy has been witnessing low levels of investment. Despite low interest rates, the private sector credit has not picked up. The exports have declined during a period when Pakistan enjoys preferential market access from the European Union and the United States. While large firms operating domestically continue to growth, the survival and growth of new firms is weak. According to several recent studies, part of the answer to this problem may lies in the way taxes are helping cartelization through exemptions and preferences in the direct (corporate) tax structure. We discuss this view in the light of recent tax directory published by the Federal Board of Revenue. Making use of the key informant interviews and focus group discussions involving the business community, tax officials, trade and consumer associations, we present some recommendations for the reform of corporate taxation in Pakistan.
dc.publisherSustainable Development Policy Institute
dc.titleCorporate Tax Reforms in Pakistan
dc.typeWorking Papers
dc.subject.expertRural areas
dc.subject.expertRural planning
dc.subject.expertRural poverty
dc.subject.expertDevelopment assistance
dc.subject.expertAid in kind
dc.subject.expertStandard of living
dc.subject.expertStrategic planning
dc.subject.expertDevelopment strategy
dc.subject.expertWater Shortage
dc.subject.adbWaterAccess To Water
dc.subject.adbAvailable Water
dc.subject.adbWater Resources Development
dc.subject.adbDemand For Water
dc.subject.adbDrinking Water
dc.subject.adbDrinking Water And Sanitation
dc.subject.adbDevelopment Challenges
dc.subject.adbDevelopment Issues
dc.subject.adbRural Development
dc.subject.adbRural Development Projects
dc.subject.adbRural Development Research
dc.subject.adbSustainable Development
dc.subject.adbHealth, Education, Water
dc.subject.adbHuman Right To Water
dc.subject.adbPotable Water
dc.subject.adbQuality Of Water
dc.subject.adbRight To Water
dc.subject.adbRural Water Supply
dc.subject.adbSafe Water
dc.subject.adbWater And Sanitation, Electricity
dc.subject.naturalEconomic development projects
dc.subject.naturalHuman rights and globalization
dc.subject.naturalDeveloping countries
dc.subject.naturalCommunity development
dc.subject.naturalDrinking water protection
dc.subject.naturalFreshwater quality
dc.title.seriesWorking paper
dc.title.volumeNo. 155
dc.contributor.imprintSustainable Development Policy Institute
oar.adminregionCentral West Asia Region
oar.authorAhmed, Vaqar
oar.authorTalpur, Mustafa

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