THE government might not be able to push it through parliament, but for now our rulers are lending support to a controversial tax amnesty bill. For a government about to complete its tenure and go in for an election, is this the right thing to do? There has been criticism of the proposed bill from opposition parties. Even some allies have termed it a ‘white-collar NRO’.
The chairman of the Federal Board of Revenue (FBR) has lent his support to the proposed legislation. It is worth going through the reasons cited for the bill as the issue will most likely surface later even if the current government is not able to shepherd the bill through the house.
A tax amnesty, to the extent people take advantage of it, allows the authorities to extend the tax net. It provides a stock of tax revenue in the year the…
View original post 827 more words