ISLAMABAD: The International Monetary Fund (IMF) has responded over the newTax amnesty scheme introduced by the government of Pakistan.
IMF has opposed Amnesty Scheme introduced in Pakistan and said that suchschemes failed to achieve their intended objectives.
This scribe sent out written questions to IMF office in Islamabad forseeking official response on latest move of outgoing PML-N led regime forannouncing Amnesty Scheme to whiten offshore foreign assets as well asdomestic assets.
The IMF’s mission chief for Pakistan Herald Finger said in written responsefrom Washington DC that “Experience from Pakistan and other countries withrepeated tax amnesties shows that these often fail to achieve theirintended objectives while potentially undermining the perception offairness of the tax system and future efforts to improve tax compliance.”
It clearly shows that the IMF has publicly extended it’s opposition toAmnesty Scheme in Pakistan arguing that it undermined the perception offairness in taxation system and future compliance efforts.