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Towards Flat, Low-rate, Broad and Predictable Taxes

by PRIME Institute

Federal and provincial governments in Pakistan have shown a lukewarm attitude in restructuring the country’s tax system to achieve efficiency, equity and to promote economic growth. Complex tax codes, complicated procedures, reliance on easily-collectable indirect taxes, weak enforcement, inefficiencies, incompetence and corruption are main factors for low tax collection.

Instead of broadening the tax base and simplifying laws, federal and provincial governments offer amnesties, immunities, tax-free perks and perquisites to powerful segments of society. As a result of this policy mindset, ordinary businesses and citizens suffer. This paper argues radical revamping and restructuring of the entire tax system, suggesting flat, low, broad and predictable taxes.

To read the full report or download for offline reading, click here: Towards Flat, Low-rate, Broad and Predictable Taxes

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