Tax evaders: No more dodging!
missing out Rs. 79 over every collection of Rs. 100 in taxes. Thus, a loss of Rs. 1.27 trillion to the government on the hands of tax evasion calls for a severe crackdown of the evaders.
The claims of the FBR about catching the evaders stand on two options; issuance of 700,000 notices for withheld taxes to affluent Pakistanis and a pilot project of using the tracker software to spot instances of tax evasion.
The dismal situation of the wealthiest citizens of Pakistan going on frequent foreign trips and possessing extravagant castles but no tax number indicates that they are not just ready to pay taxes now but also have never paid tax ever before.
Once the FBR tracker starts functioning, it would become possible to locate incomes, assets and expenditures and assign penalties. If the government succeeds in penalty setting, billions of dollars could be recovered