IMF responds to the Tax amnesty scheme launched by the Pakistan government

IMF responds to the Tax amnesty scheme launched by the Pakistan government
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ISLAMABAD: The International Monetary Fund (IMF) has responded over the new Tax amnesty scheme introduced by the government of Pakistan.

IMF has opposed Amnesty Scheme introduced in Pakistan and said that such schemes failed to achieve their intended objectives.

This scribe sent out written questions to IMF office in Islamabad for seeking official response on latest move of outgoing PML-N led regime for announcing Amnesty Scheme to whiten offshore foreign assets as well as domestic assets.

The IMF 's mission chief for Pakistan Herald Finger said in written response from Washington DC that “Experience from Pakistan and other countries with repeated tax amnesties shows that these often fail to achieve their intended objectives while potentially undermining the perception of fairness of the tax system and future efforts to improve tax compliance.”

It clearly shows that the IMF has publicly extended it's opposition to Amnesty Scheme in Pakistan arguing that it undermined the perception of fairness in taxation system and future compliance efforts.

Economy