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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.expertPublic Accounting
dc.subject.expertNational Budget
dc.subject.expertMunicipal Bonds
dc.subject.expertLocal Government
dc.subject.expertLocal Taxes
dc.subject.expertInternational Monetary Relations
dc.subject.expertInternational Financial Market
dc.subject.expertInternational Banking
dc.subject.expertCentral Banks
dc.subject.expertBusiness Financing
dc.subject.expertCapital Resources
dc.subject.expertBudgetary Policy
dc.subject.expertCapital Needs
dc.subject.expertCorporate Divestiture
dc.subject.expertCapital Instruments
dc.subject.expertPension Funds
dc.subject.expertInsurance Companies
dc.subject.expertPortfolio Management
dc.subject.expertFiscal Administration
dc.subject.expertEconomics of Education
dc.subject.expertDevelopment Banks
dc.subject.expertScaling-Up And Evaluation
dc.subject.expertResults-Based Monitoring And Evaluation
dc.subject.expertPublic Policy Evaluation
dc.subject.expertImpact Evaluation
dc.subject.expertPerformance Evaluation
dc.subject.adbUrban Development Finance
dc.subject.adbTrade Finance
dc.subject.adbSmall Business Finance
dc.subject.adbRural Finance
dc.subject.adbRoundtable on International Trade and Finance
dc.subject.adbRegional Development Finance
dc.subject.adbPublic Service Finance
dc.subject.adbPublic Finance
dc.subject.adbProject Finance
dc.subject.adbPrivate Finance
dc.subject.adbNonbank Financing
dc.subject.adbNon-Bank Financial Institutions
dc.subject.adbMunicipal Finance
dc.subject.adbLocal Government Finance
dc.subject.adbLocal Currency Financing
dc.subject.adbLimited Resource Financing
dc.subject.adbInternational Financial Institutions
dc.subject.adbInfrastructure Financing
dc.subject.adbIndustrial Finance
dc.subject.adbGovernment Financial Institutions
dc.subject.adbGovernment Finance
dc.subject.adbFinancing of Infrastructure
dc.subject.adbFinancial Sector Development
dc.subject.adbFinancial Regulation
dc.subject.adbEconomic evaluation
dc.subject.adbEcomnomic Forcast
dc.subject.adbResources evaluation
dc.subject.adbInput output analysis
dc.subject.adbCost benefit analysis
dc.subject.naturalUse tax
dc.subject.naturalTaxing power
dc.subject.naturalState of taxation
dc.subject.naturalTax revenue estimating
dc.subject.naturalTax planning
dc.subject.naturalSpendings tax
dc.subject.naturalSpecial assessments
dc.subject.naturalTax administration and procedure
dc.subject.naturalSales tax
dc.subject.naturalReal property and taxation
dc.subject.naturalProgressive taxation
dc.subject.naturalEffect of taxation on land use
dc.subject.naturalEffect of taxation on labor supply
dc.subject.naturalIntergovernmental tax relations
dc.subject.naturalInheritance and transfer tax
dc.subject.naturalEnergy tax
dc.subject.naturalRisk assessment
dc.subject.naturalEconomic policy
dc.subject.naturalEconomic forecasting
dc.subject.naturalCost effectiveness
dc.subject.naturalParticipatory monitoring and evaluation
dc.title.seriesWorking Paper
dc.contributor.imprintSustainable Development Policy Institute
oar.adminregionCentral West Asia Region
oar.authorAhmed, Vaqar
oar.authorTalpur, Mustafa
oar.gsauthorVaqar Ahmed
oar.gsauthorMustafa Talpur

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