Stories about tax exempt

Chaklala Cantonment Board: Making a fool of those who pay taxes

Taxes. Everyone hates them, everybody tries to get around them, but at the end of the day, they serve an important purpose. Taxes are the only thing that keep a government afloat. Well, international aid also applies in the cases of many third world nations, but that is a different story. Pakistan has ridiculously high rates of direct tax avoidance, mostly by businesses and the upper class, but even at the lowest levels, tax-free smuggled goods and handwritten ‘kachi’ receipts deprive the state of indirect taxes. The federal board of revenue regularly comes up with tax amnesty schemes to try ...

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