🔊 Listen to ArticleISLAMABAD: The recently announced tax amnesty scheme may fail to achieve desired results due to shortcomings in its design, said former ICCI president Shahid Rasheed Butt on Sunday. “The scheme is full of mistakes and contradictions while it has some weaknesses which are keeping tax consultants and businessmen at a distance,” he said. Talking to the business community, he said that the outcome of the amnesty scheme announced by the current government will not be different from the schemes announced earlier by various governments. He said that amnesty schemes will remain counterproductive unless tax evaders believe that not availing the opportunity will result in severe punishment and confiscation of assets. The amnesty scheme should be followed by strict action against tax evaders and they should be made an example otherwise such moves will result in wastage of time and money, he warned.

Source: Pakistan Today June 02, 2019 13:18 UTC