Pakistan - Tax Policy Report : Tapping Tax Bases for Development - Summary Report

The main message of this report is that Pakistan can take measures to increase the tax to gross domestic product (GDP) ratio by around 3.5 percentage points over the next five years. In order to ensure a healthy long-run economic development, Pakistan needs to embrace substantial changes in tax policy aimed at increasing the buoyancy of the tax system, broadening the tax bases, reducing distortions and phasing out exemptions. Such tax reforms are also required to deal with the risks stemming from sustained large budget deficits. Failing to act sooner rather than later, only makes the problem more difficult to address without considerable instability, raises the probability of fiscal and financial disarray at some point in the future, and runs the risks of further constraining policy flexibility in future. This report highlights design ingredients for a comprehensive reform of tax policy in Pakistan. In the final analysis, the success of tax reform will depend less on the mechanism of taxation and more on the politics of taxation. Beyond adequate administrative resources and an implementation strategy, this will require a clear political recognition of the importance of the task and the willingness to persist with tax reform over the long haul.

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Bibliographic Details
Main Author: World Bank
Language:English
Published: World Bank 2009-07-01
Subjects:AUDITS, BENEFICIARY, BUDGET DEFICITS, CAPACITY BUILDING, CAPITAL GAINS, CAPITAL GAINS TAX, CD, CORPORATE INCOME TAX, CORPORATE TAX, CORPORATE TAX RATE, DEBT, DEVELOPING COUNTRIES, DIRECT TAXATION, DISBURSEMENTS, DIVIDENDS, DOUBLE TAXATION, E-COMMERCE, ECONOMIC CRISES, ECONOMIC CRISIS, ECONOMIC DEVELOPMENT, EFFECTIVE TAX RATES, EMERGING MARKET, EMERGING MARKET ECONOMIES, EXCISE DUTIES, EXCISE TAX, EXCISE TAXES, EXPENDITURE, EXPENDITURES, EXPORTS, FEDERAL TAX, FINANCIAL INCENTIVES, FINANCIAL MANAGEMENT, FINANCIAL SECTOR, FISCAL DECENTRALIZATION, FISCAL DEFICIT, FISCAL DEFICITS, FISCAL POLICY, FIXED CHARGE, FOREIGN OWNED COMPANIES, FORMAL ECONOMY, GAS SECTOR, GOVERNMENT EXPENDITURES, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, HEAVY RELIANCE, HORIZONTAL EQUITY, INCOME GROUPS, INCOME LEVEL, INCOME TAX, INCOME TAXES, INFLATION, INFORMAL ECONOMY, INTEREST PAYMENTS, INTERNAL REVENUE, INTERNATIONAL BEST PRACTICES, INTERNATIONAL CAPITAL, INTERNATIONAL DEVELOPMENT, INTERNATIONAL STANDARD, INVESTING, INVESTMENT CLIMATE, LEGAL INSTRUMENTS, LEGISLATIVE FRAMEWORK, LEVEL PLAYING FIELD, MACROECONOMIC STABILITY, MARGINAL TAX RATES, MONETARY FUND, MOTOR VEHICLE, NATIONAL FINANCE, PENSIONS, PERSONAL INCOMES, PETROLEUM PRODUCTS, PLEDGES, POLICE, POLITICAL ECONOMY, PREFERENTIAL TREATMENTS, PUBLIC POLICY, PUBLIC SPENDING, RAPID GROWTH, REFORM PROGRAM, RESIDENCY, RETURN, REVENUE ASSIGNMENTS, RIDER, ROAD, ROADS, SAFETY, SAFETY NETS, SALES TAX, SMALL BUSINESSES, SOCIAL SAFETY NETS, SOCIAL SECURITY TAXES, STATUTORY TAX, STATUTORY TAX RATE, STOCK MARKET, STRUCTURAL PROBLEMS, SUSTAINABLE DEVELOPMENT, TAX, TAX ADMINISTRATION, TAX ASSESSMENT, TAX AVOIDANCE, TAX BASE, TAX BASES, TAX BRACKETS, TAX BURDENS, TAX COLLECTION, TAX COLLECTIONS, TAX COMPLIANCE, TAX CREDITS, TAX CUTS, TAX ENFORCEMENT, TAX EVASION, TAX EXEMPT, TAX EXEMPTIONS, TAX INCENTIVES, TAX INCREASES, TAX LAW, TAX LAWS, TAX LEGISLATION, TAX LIABILITIES, TAX LIABILITY, TAX PAYERS, TAX POLICIES, TAX POLICY, TAX PREFERENCES, TAX PROVISIONS, TAX RATE, TAX RATES, TAX RECEIPTS, TAX REFORM, TAX REFORMS, TAX RETURNS, TAX REVENUE, TAX REVENUES, TAX RULES, TAX STRUCTURE, TAX SYSTEM, TAX SYSTEMS, TAX TREATMENTS, TAX-PAYERS, TAXABLE INCOME, TAXATION, TAXPAYER, TAXPAYERS, TECHNICAL ASSISTANCE, TOLL, TRADE LIBERALIZATION, TRANSFER PRICE, TRANSFER PRICING, TRANSFER TAXES, TRANSPARENCY, TRANSPORT, TRUE, TURNOVER, VALUE ADDED TAX, VEHICLE TAXES, VOLATILITY, WITHHOLDING TAX, WITHHOLDING TAXES,
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spelling dig-okr-1098630992024-08-08T16:20:50Z Pakistan - Tax Policy Report : Tapping Tax Bases for Development - Summary Report World Bank AUDITS BENEFICIARY BUDGET DEFICITS CAPACITY BUILDING CAPITAL GAINS CAPITAL GAINS TAX CD CORPORATE INCOME TAX CORPORATE TAX CORPORATE TAX RATE DEBT DEVELOPING COUNTRIES DIRECT TAXATION DISBURSEMENTS DIVIDENDS DOUBLE TAXATION E-COMMERCE ECONOMIC CRISES ECONOMIC CRISIS ECONOMIC DEVELOPMENT EFFECTIVE TAX RATES EMERGING MARKET EMERGING MARKET ECONOMIES EXCISE DUTIES EXCISE TAX EXCISE TAXES EXPENDITURE EXPENDITURES EXPORTS FEDERAL TAX FINANCIAL INCENTIVES FINANCIAL MANAGEMENT FINANCIAL SECTOR FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FIXED CHARGE FOREIGN OWNED COMPANIES FORMAL ECONOMY GAS SECTOR GOVERNMENT EXPENDITURES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HEAVY RELIANCE HORIZONTAL EQUITY INCOME GROUPS INCOME LEVEL INCOME TAX INCOME TAXES INFLATION INFORMAL ECONOMY INTEREST PAYMENTS INTERNAL REVENUE INTERNATIONAL BEST PRACTICES INTERNATIONAL CAPITAL INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARD INVESTING INVESTMENT CLIMATE LEGAL INSTRUMENTS LEGISLATIVE FRAMEWORK LEVEL PLAYING FIELD MACROECONOMIC STABILITY MARGINAL TAX RATES MONETARY FUND MOTOR VEHICLE NATIONAL FINANCE PENSIONS PERSONAL INCOMES PETROLEUM PRODUCTS PLEDGES POLICE POLITICAL ECONOMY PREFERENTIAL TREATMENTS PUBLIC POLICY PUBLIC SPENDING RAPID GROWTH REFORM PROGRAM RESIDENCY RETURN REVENUE ASSIGNMENTS RIDER ROAD ROADS SAFETY SAFETY NETS SALES TAX SMALL BUSINESSES SOCIAL SAFETY NETS SOCIAL SECURITY TAXES STATUTORY TAX STATUTORY TAX RATE STOCK MARKET STRUCTURAL PROBLEMS SUSTAINABLE DEVELOPMENT TAX TAX ADMINISTRATION TAX ASSESSMENT TAX AVOIDANCE TAX BASE TAX BASES TAX BRACKETS TAX BURDENS TAX COLLECTION TAX COLLECTIONS TAX COMPLIANCE TAX CREDITS TAX CUTS TAX ENFORCEMENT TAX EVASION TAX EXEMPT TAX EXEMPTIONS TAX INCENTIVES TAX INCREASES TAX LAW TAX LAWS TAX LEGISLATION TAX LIABILITIES TAX LIABILITY TAX PAYERS TAX POLICIES TAX POLICY TAX PREFERENCES TAX PROVISIONS TAX RATE TAX RATES TAX RECEIPTS TAX REFORM TAX REFORMS TAX RETURNS TAX REVENUE TAX REVENUES TAX RULES TAX STRUCTURE TAX SYSTEM TAX SYSTEMS TAX TREATMENTS TAX-PAYERS TAXABLE INCOME TAXATION TAXPAYER TAXPAYERS TECHNICAL ASSISTANCE TOLL TRADE LIBERALIZATION TRANSFER PRICE TRANSFER PRICING TRANSFER TAXES TRANSPARENCY TRANSPORT TRUE TURNOVER VALUE ADDED TAX VEHICLE TAXES VOLATILITY WITHHOLDING TAX WITHHOLDING TAXES The main message of this report is that Pakistan can take measures to increase the tax to gross domestic product (GDP) ratio by around 3.5 percentage points over the next five years. In order to ensure a healthy long-run economic development, Pakistan needs to embrace substantial changes in tax policy aimed at increasing the buoyancy of the tax system, broadening the tax bases, reducing distortions and phasing out exemptions. Such tax reforms are also required to deal with the risks stemming from sustained large budget deficits. Failing to act sooner rather than later, only makes the problem more difficult to address without considerable instability, raises the probability of fiscal and financial disarray at some point in the future, and runs the risks of further constraining policy flexibility in future. This report highlights design ingredients for a comprehensive reform of tax policy in Pakistan. In the final analysis, the success of tax reform will depend less on the mechanism of taxation and more on the politics of taxation. Beyond adequate administrative resources and an implementation strategy, this will require a clear political recognition of the importance of the task and the willingness to persist with tax reform over the long haul. 2012-03-19T17:24:28Z 2012-03-19T17:24:28Z 2009-07-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090828015021 https://hdl.handle.net/10986/3099 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
topic AUDITS
BENEFICIARY
BUDGET DEFICITS
CAPACITY BUILDING
CAPITAL GAINS
CAPITAL GAINS TAX
CD
CORPORATE INCOME TAX
CORPORATE TAX
CORPORATE TAX RATE
DEBT
DEVELOPING COUNTRIES
DIRECT TAXATION
DISBURSEMENTS
DIVIDENDS
DOUBLE TAXATION
E-COMMERCE
ECONOMIC CRISES
ECONOMIC CRISIS
ECONOMIC DEVELOPMENT
EFFECTIVE TAX RATES
EMERGING MARKET
EMERGING MARKET ECONOMIES
EXCISE DUTIES
EXCISE TAX
EXCISE TAXES
EXPENDITURE
EXPENDITURES
EXPORTS
FEDERAL TAX
FINANCIAL INCENTIVES
FINANCIAL MANAGEMENT
FINANCIAL SECTOR
FISCAL DECENTRALIZATION
FISCAL DEFICIT
FISCAL DEFICITS
FISCAL POLICY
FIXED CHARGE
FOREIGN OWNED COMPANIES
FORMAL ECONOMY
GAS SECTOR
GOVERNMENT EXPENDITURES
GOVERNMENT SPENDING
GROSS DOMESTIC PRODUCT
HEAVY RELIANCE
HORIZONTAL EQUITY
INCOME GROUPS
INCOME LEVEL
INCOME TAX
INCOME TAXES
INFLATION
INFORMAL ECONOMY
INTEREST PAYMENTS
INTERNAL REVENUE
INTERNATIONAL BEST PRACTICES
INTERNATIONAL CAPITAL
INTERNATIONAL DEVELOPMENT
INTERNATIONAL STANDARD
INVESTING
INVESTMENT CLIMATE
LEGAL INSTRUMENTS
LEGISLATIVE FRAMEWORK
LEVEL PLAYING FIELD
MACROECONOMIC STABILITY
MARGINAL TAX RATES
MONETARY FUND
MOTOR VEHICLE
NATIONAL FINANCE
PENSIONS
PERSONAL INCOMES
PETROLEUM PRODUCTS
PLEDGES
POLICE
POLITICAL ECONOMY
PREFERENTIAL TREATMENTS
PUBLIC POLICY
PUBLIC SPENDING
RAPID GROWTH
REFORM PROGRAM
RESIDENCY
RETURN
REVENUE ASSIGNMENTS
RIDER
ROAD
ROADS
SAFETY
SAFETY NETS
SALES TAX
SMALL BUSINESSES
SOCIAL SAFETY NETS
SOCIAL SECURITY TAXES
STATUTORY TAX
STATUTORY TAX RATE
STOCK MARKET
STRUCTURAL PROBLEMS
SUSTAINABLE DEVELOPMENT
TAX
TAX ADMINISTRATION
TAX ASSESSMENT
TAX AVOIDANCE
TAX BASE
TAX BASES
TAX BRACKETS
TAX BURDENS
TAX COLLECTION
TAX COLLECTIONS
TAX COMPLIANCE
TAX CREDITS
TAX CUTS
TAX ENFORCEMENT
TAX EVASION
TAX EXEMPT
TAX EXEMPTIONS
TAX INCENTIVES
TAX INCREASES
TAX LAW
TAX LAWS
TAX LEGISLATION
TAX LIABILITIES
TAX LIABILITY
TAX PAYERS
TAX POLICIES
TAX POLICY
TAX PREFERENCES
TAX PROVISIONS
TAX RATE
TAX RATES
TAX RECEIPTS
TAX REFORM
TAX REFORMS
TAX RETURNS
TAX REVENUE
TAX REVENUES
TAX RULES
TAX STRUCTURE
TAX SYSTEM
TAX SYSTEMS
TAX TREATMENTS
TAX-PAYERS
TAXABLE INCOME
TAXATION
TAXPAYER
TAXPAYERS
TECHNICAL ASSISTANCE
TOLL
TRADE LIBERALIZATION
TRANSFER PRICE
TRANSFER PRICING
TRANSFER TAXES
TRANSPARENCY
TRANSPORT
TRUE
TURNOVER
VALUE ADDED TAX
VEHICLE TAXES
VOLATILITY
WITHHOLDING TAX
WITHHOLDING TAXES
AUDITS
BENEFICIARY
BUDGET DEFICITS
CAPACITY BUILDING
CAPITAL GAINS
CAPITAL GAINS TAX
CD
CORPORATE INCOME TAX
CORPORATE TAX
CORPORATE TAX RATE
DEBT
DEVELOPING COUNTRIES
DIRECT TAXATION
DISBURSEMENTS
DIVIDENDS
DOUBLE TAXATION
E-COMMERCE
ECONOMIC CRISES
ECONOMIC CRISIS
ECONOMIC DEVELOPMENT
EFFECTIVE TAX RATES
EMERGING MARKET
EMERGING MARKET ECONOMIES
EXCISE DUTIES
EXCISE TAX
EXCISE TAXES
EXPENDITURE
EXPENDITURES
EXPORTS
FEDERAL TAX
FINANCIAL INCENTIVES
FINANCIAL MANAGEMENT
FINANCIAL SECTOR
FISCAL DECENTRALIZATION
FISCAL DEFICIT
FISCAL DEFICITS
FISCAL POLICY
FIXED CHARGE
FOREIGN OWNED COMPANIES
FORMAL ECONOMY
GAS SECTOR
GOVERNMENT EXPENDITURES
GOVERNMENT SPENDING
GROSS DOMESTIC PRODUCT
HEAVY RELIANCE
HORIZONTAL EQUITY
INCOME GROUPS
INCOME LEVEL
INCOME TAX
INCOME TAXES
INFLATION
INFORMAL ECONOMY
INTEREST PAYMENTS
INTERNAL REVENUE
INTERNATIONAL BEST PRACTICES
INTERNATIONAL CAPITAL
INTERNATIONAL DEVELOPMENT
INTERNATIONAL STANDARD
INVESTING
INVESTMENT CLIMATE
LEGAL INSTRUMENTS
LEGISLATIVE FRAMEWORK
LEVEL PLAYING FIELD
MACROECONOMIC STABILITY
MARGINAL TAX RATES
MONETARY FUND
MOTOR VEHICLE
NATIONAL FINANCE
PENSIONS
PERSONAL INCOMES
PETROLEUM PRODUCTS
PLEDGES
POLICE
POLITICAL ECONOMY
PREFERENTIAL TREATMENTS
PUBLIC POLICY
PUBLIC SPENDING
RAPID GROWTH
REFORM PROGRAM
RESIDENCY
RETURN
REVENUE ASSIGNMENTS
RIDER
ROAD
ROADS
SAFETY
SAFETY NETS
SALES TAX
SMALL BUSINESSES
SOCIAL SAFETY NETS
SOCIAL SECURITY TAXES
STATUTORY TAX
STATUTORY TAX RATE
STOCK MARKET
STRUCTURAL PROBLEMS
SUSTAINABLE DEVELOPMENT
TAX
TAX ADMINISTRATION
TAX ASSESSMENT
TAX AVOIDANCE
TAX BASE
TAX BASES
TAX BRACKETS
TAX BURDENS
TAX COLLECTION
TAX COLLECTIONS
TAX COMPLIANCE
TAX CREDITS
TAX CUTS
TAX ENFORCEMENT
TAX EVASION
TAX EXEMPT
TAX EXEMPTIONS
TAX INCENTIVES
TAX INCREASES
TAX LAW
TAX LAWS
TAX LEGISLATION
TAX LIABILITIES
TAX LIABILITY
TAX PAYERS
TAX POLICIES
TAX POLICY
TAX PREFERENCES
TAX PROVISIONS
TAX RATE
TAX RATES
TAX RECEIPTS
TAX REFORM
TAX REFORMS
TAX RETURNS
TAX REVENUE
TAX REVENUES
TAX RULES
TAX STRUCTURE
TAX SYSTEM
TAX SYSTEMS
TAX TREATMENTS
TAX-PAYERS
TAXABLE INCOME
TAXATION
TAXPAYER
TAXPAYERS
TECHNICAL ASSISTANCE
TOLL
TRADE LIBERALIZATION
TRANSFER PRICE
TRANSFER PRICING
TRANSFER TAXES
TRANSPARENCY
TRANSPORT
TRUE
TURNOVER
VALUE ADDED TAX
VEHICLE TAXES
VOLATILITY
WITHHOLDING TAX
WITHHOLDING TAXES
spellingShingle AUDITS
BENEFICIARY
BUDGET DEFICITS
CAPACITY BUILDING
CAPITAL GAINS
CAPITAL GAINS TAX
CD
CORPORATE INCOME TAX
CORPORATE TAX
CORPORATE TAX RATE
DEBT
DEVELOPING COUNTRIES
DIRECT TAXATION
DISBURSEMENTS
DIVIDENDS
DOUBLE TAXATION
E-COMMERCE
ECONOMIC CRISES
ECONOMIC CRISIS
ECONOMIC DEVELOPMENT
EFFECTIVE TAX RATES
EMERGING MARKET
EMERGING MARKET ECONOMIES
EXCISE DUTIES
EXCISE TAX
EXCISE TAXES
EXPENDITURE
EXPENDITURES
EXPORTS
FEDERAL TAX
FINANCIAL INCENTIVES
FINANCIAL MANAGEMENT
FINANCIAL SECTOR
FISCAL DECENTRALIZATION
FISCAL DEFICIT
FISCAL DEFICITS
FISCAL POLICY
FIXED CHARGE
FOREIGN OWNED COMPANIES
FORMAL ECONOMY
GAS SECTOR
GOVERNMENT EXPENDITURES
GOVERNMENT SPENDING
GROSS DOMESTIC PRODUCT
HEAVY RELIANCE
HORIZONTAL EQUITY
INCOME GROUPS
INCOME LEVEL
INCOME TAX
INCOME TAXES
INFLATION
INFORMAL ECONOMY
INTEREST PAYMENTS
INTERNAL REVENUE
INTERNATIONAL BEST PRACTICES
INTERNATIONAL CAPITAL
INTERNATIONAL DEVELOPMENT
INTERNATIONAL STANDARD
INVESTING
INVESTMENT CLIMATE
LEGAL INSTRUMENTS
LEGISLATIVE FRAMEWORK
LEVEL PLAYING FIELD
MACROECONOMIC STABILITY
MARGINAL TAX RATES
MONETARY FUND
MOTOR VEHICLE
NATIONAL FINANCE
PENSIONS
PERSONAL INCOMES
PETROLEUM PRODUCTS
PLEDGES
POLICE
POLITICAL ECONOMY
PREFERENTIAL TREATMENTS
PUBLIC POLICY
PUBLIC SPENDING
RAPID GROWTH
REFORM PROGRAM
RESIDENCY
RETURN
REVENUE ASSIGNMENTS
RIDER
ROAD
ROADS
SAFETY
SAFETY NETS
SALES TAX
SMALL BUSINESSES
SOCIAL SAFETY NETS
SOCIAL SECURITY TAXES
STATUTORY TAX
STATUTORY TAX RATE
STOCK MARKET
STRUCTURAL PROBLEMS
SUSTAINABLE DEVELOPMENT
TAX
TAX ADMINISTRATION
TAX ASSESSMENT
TAX AVOIDANCE
TAX BASE
TAX BASES
TAX BRACKETS
TAX BURDENS
TAX COLLECTION
TAX COLLECTIONS
TAX COMPLIANCE
TAX CREDITS
TAX CUTS
TAX ENFORCEMENT
TAX EVASION
TAX EXEMPT
TAX EXEMPTIONS
TAX INCENTIVES
TAX INCREASES
TAX LAW
TAX LAWS
TAX LEGISLATION
TAX LIABILITIES
TAX LIABILITY
TAX PAYERS
TAX POLICIES
TAX POLICY
TAX PREFERENCES
TAX PROVISIONS
TAX RATE
TAX RATES
TAX RECEIPTS
TAX REFORM
TAX REFORMS
TAX RETURNS
TAX REVENUE
TAX REVENUES
TAX RULES
TAX STRUCTURE
TAX SYSTEM
TAX SYSTEMS
TAX TREATMENTS
TAX-PAYERS
TAXABLE INCOME
TAXATION
TAXPAYER
TAXPAYERS
TECHNICAL ASSISTANCE
TOLL
TRADE LIBERALIZATION
TRANSFER PRICE
TRANSFER PRICING
TRANSFER TAXES
TRANSPARENCY
TRANSPORT
TRUE
TURNOVER
VALUE ADDED TAX
VEHICLE TAXES
VOLATILITY
WITHHOLDING TAX
WITHHOLDING TAXES
AUDITS
BENEFICIARY
BUDGET DEFICITS
CAPACITY BUILDING
CAPITAL GAINS
CAPITAL GAINS TAX
CD
CORPORATE INCOME TAX
CORPORATE TAX
CORPORATE TAX RATE
DEBT
DEVELOPING COUNTRIES
DIRECT TAXATION
DISBURSEMENTS
DIVIDENDS
DOUBLE TAXATION
E-COMMERCE
ECONOMIC CRISES
ECONOMIC CRISIS
ECONOMIC DEVELOPMENT
EFFECTIVE TAX RATES
EMERGING MARKET
EMERGING MARKET ECONOMIES
EXCISE DUTIES
EXCISE TAX
EXCISE TAXES
EXPENDITURE
EXPENDITURES
EXPORTS
FEDERAL TAX
FINANCIAL INCENTIVES
FINANCIAL MANAGEMENT
FINANCIAL SECTOR
FISCAL DECENTRALIZATION
FISCAL DEFICIT
FISCAL DEFICITS
FISCAL POLICY
FIXED CHARGE
FOREIGN OWNED COMPANIES
FORMAL ECONOMY
GAS SECTOR
GOVERNMENT EXPENDITURES
GOVERNMENT SPENDING
GROSS DOMESTIC PRODUCT
HEAVY RELIANCE
HORIZONTAL EQUITY
INCOME GROUPS
INCOME LEVEL
INCOME TAX
INCOME TAXES
INFLATION
INFORMAL ECONOMY
INTEREST PAYMENTS
INTERNAL REVENUE
INTERNATIONAL BEST PRACTICES
INTERNATIONAL CAPITAL
INTERNATIONAL DEVELOPMENT
INTERNATIONAL STANDARD
INVESTING
INVESTMENT CLIMATE
LEGAL INSTRUMENTS
LEGISLATIVE FRAMEWORK
LEVEL PLAYING FIELD
MACROECONOMIC STABILITY
MARGINAL TAX RATES
MONETARY FUND
MOTOR VEHICLE
NATIONAL FINANCE
PENSIONS
PERSONAL INCOMES
PETROLEUM PRODUCTS
PLEDGES
POLICE
POLITICAL ECONOMY
PREFERENTIAL TREATMENTS
PUBLIC POLICY
PUBLIC SPENDING
RAPID GROWTH
REFORM PROGRAM
RESIDENCY
RETURN
REVENUE ASSIGNMENTS
RIDER
ROAD
ROADS
SAFETY
SAFETY NETS
SALES TAX
SMALL BUSINESSES
SOCIAL SAFETY NETS
SOCIAL SECURITY TAXES
STATUTORY TAX
STATUTORY TAX RATE
STOCK MARKET
STRUCTURAL PROBLEMS
SUSTAINABLE DEVELOPMENT
TAX
TAX ADMINISTRATION
TAX ASSESSMENT
TAX AVOIDANCE
TAX BASE
TAX BASES
TAX BRACKETS
TAX BURDENS
TAX COLLECTION
TAX COLLECTIONS
TAX COMPLIANCE
TAX CREDITS
TAX CUTS
TAX ENFORCEMENT
TAX EVASION
TAX EXEMPT
TAX EXEMPTIONS
TAX INCENTIVES
TAX INCREASES
TAX LAW
TAX LAWS
TAX LEGISLATION
TAX LIABILITIES
TAX LIABILITY
TAX PAYERS
TAX POLICIES
TAX POLICY
TAX PREFERENCES
TAX PROVISIONS
TAX RATE
TAX RATES
TAX RECEIPTS
TAX REFORM
TAX REFORMS
TAX RETURNS
TAX REVENUE
TAX REVENUES
TAX RULES
TAX STRUCTURE
TAX SYSTEM
TAX SYSTEMS
TAX TREATMENTS
TAX-PAYERS
TAXABLE INCOME
TAXATION
TAXPAYER
TAXPAYERS
TECHNICAL ASSISTANCE
TOLL
TRADE LIBERALIZATION
TRANSFER PRICE
TRANSFER PRICING
TRANSFER TAXES
TRANSPARENCY
TRANSPORT
TRUE
TURNOVER
VALUE ADDED TAX
VEHICLE TAXES
VOLATILITY
WITHHOLDING TAX
WITHHOLDING TAXES
World Bank
Pakistan - Tax Policy Report : Tapping Tax Bases for Development - Summary Report
description The main message of this report is that Pakistan can take measures to increase the tax to gross domestic product (GDP) ratio by around 3.5 percentage points over the next five years. In order to ensure a healthy long-run economic development, Pakistan needs to embrace substantial changes in tax policy aimed at increasing the buoyancy of the tax system, broadening the tax bases, reducing distortions and phasing out exemptions. Such tax reforms are also required to deal with the risks stemming from sustained large budget deficits. Failing to act sooner rather than later, only makes the problem more difficult to address without considerable instability, raises the probability of fiscal and financial disarray at some point in the future, and runs the risks of further constraining policy flexibility in future. This report highlights design ingredients for a comprehensive reform of tax policy in Pakistan. In the final analysis, the success of tax reform will depend less on the mechanism of taxation and more on the politics of taxation. Beyond adequate administrative resources and an implementation strategy, this will require a clear political recognition of the importance of the task and the willingness to persist with tax reform over the long haul.
topic_facet AUDITS
BENEFICIARY
BUDGET DEFICITS
CAPACITY BUILDING
CAPITAL GAINS
CAPITAL GAINS TAX
CD
CORPORATE INCOME TAX
CORPORATE TAX
CORPORATE TAX RATE
DEBT
DEVELOPING COUNTRIES
DIRECT TAXATION
DISBURSEMENTS
DIVIDENDS
DOUBLE TAXATION
E-COMMERCE
ECONOMIC CRISES
ECONOMIC CRISIS
ECONOMIC DEVELOPMENT
EFFECTIVE TAX RATES
EMERGING MARKET
EMERGING MARKET ECONOMIES
EXCISE DUTIES
EXCISE TAX
EXCISE TAXES
EXPENDITURE
EXPENDITURES
EXPORTS
FEDERAL TAX
FINANCIAL INCENTIVES
FINANCIAL MANAGEMENT
FINANCIAL SECTOR
FISCAL DECENTRALIZATION
FISCAL DEFICIT
FISCAL DEFICITS
FISCAL POLICY
FIXED CHARGE
FOREIGN OWNED COMPANIES
FORMAL ECONOMY
GAS SECTOR
GOVERNMENT EXPENDITURES
GOVERNMENT SPENDING
GROSS DOMESTIC PRODUCT
HEAVY RELIANCE
HORIZONTAL EQUITY
INCOME GROUPS
INCOME LEVEL
INCOME TAX
INCOME TAXES
INFLATION
INFORMAL ECONOMY
INTEREST PAYMENTS
INTERNAL REVENUE
INTERNATIONAL BEST PRACTICES
INTERNATIONAL CAPITAL
INTERNATIONAL DEVELOPMENT
INTERNATIONAL STANDARD
INVESTING
INVESTMENT CLIMATE
LEGAL INSTRUMENTS
LEGISLATIVE FRAMEWORK
LEVEL PLAYING FIELD
MACROECONOMIC STABILITY
MARGINAL TAX RATES
MONETARY FUND
MOTOR VEHICLE
NATIONAL FINANCE
PENSIONS
PERSONAL INCOMES
PETROLEUM PRODUCTS
PLEDGES
POLICE
POLITICAL ECONOMY
PREFERENTIAL TREATMENTS
PUBLIC POLICY
PUBLIC SPENDING
RAPID GROWTH
REFORM PROGRAM
RESIDENCY
RETURN
REVENUE ASSIGNMENTS
RIDER
ROAD
ROADS
SAFETY
SAFETY NETS
SALES TAX
SMALL BUSINESSES
SOCIAL SAFETY NETS
SOCIAL SECURITY TAXES
STATUTORY TAX
STATUTORY TAX RATE
STOCK MARKET
STRUCTURAL PROBLEMS
SUSTAINABLE DEVELOPMENT
TAX
TAX ADMINISTRATION
TAX ASSESSMENT
TAX AVOIDANCE
TAX BASE
TAX BASES
TAX BRACKETS
TAX BURDENS
TAX COLLECTION
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TAX COMPLIANCE
TAX CREDITS
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TAX LAW
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TAX RATE
TAX RATES
TAX RECEIPTS
TAX REFORM
TAX REFORMS
TAX RETURNS
TAX REVENUE
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TAX RULES
TAX STRUCTURE
TAX SYSTEM
TAX SYSTEMS
TAX TREATMENTS
TAX-PAYERS
TAXABLE INCOME
TAXATION
TAXPAYER
TAXPAYERS
TECHNICAL ASSISTANCE
TOLL
TRADE LIBERALIZATION
TRANSFER PRICE
TRANSFER PRICING
TRANSFER TAXES
TRANSPARENCY
TRANSPORT
TRUE
TURNOVER
VALUE ADDED TAX
VEHICLE TAXES
VOLATILITY
WITHHOLDING TAX
WITHHOLDING TAXES
author World Bank
author_facet World Bank
author_sort World Bank
title Pakistan - Tax Policy Report : Tapping Tax Bases for Development - Summary Report
title_short Pakistan - Tax Policy Report : Tapping Tax Bases for Development - Summary Report
title_full Pakistan - Tax Policy Report : Tapping Tax Bases for Development - Summary Report
title_fullStr Pakistan - Tax Policy Report : Tapping Tax Bases for Development - Summary Report
title_full_unstemmed Pakistan - Tax Policy Report : Tapping Tax Bases for Development - Summary Report
title_sort pakistan - tax policy report : tapping tax bases for development - summary report
publisher World Bank
publishDate 2009-07-01
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090828015021
https://hdl.handle.net/10986/3099
work_keys_str_mv AT worldbank pakistantaxpolicyreporttappingtaxbasesfordevelopmentsummaryreport
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