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VAT in Pakistan: Impact on Inflation

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
 
Pakistan is at a crossroads of its fiscal policy planning process. Pakistan?s economic performance has been marred by persistently high fiscal deficits which has resulted from the inability to raise sufficient revenues. Tax-to-GDP ratio is an important indicator to raise sufficient revenues. Unfortunately, tax-to-GDP ratio of Pakistan has remained stagnant at 10-11%, which is alarming.Pakistan needs to generate taxes to support its fragile economy. Value Added Tax (VAT) has been tried and tested all over the world and it has helped many economies to stabilize. Being an indirect tax, it needs to be rationalized according to local environment and business culture. Pakistan is being asked to implement a Reformed General Sales Tax Regime (RGST), a form of a VAT model, by International Monetary Fund (IMF) as part of the structural reforms required against the current economic bailout plan. VAT is being rejected with the reason that it would have adverse impact on Inflation. The present study is the first attempt in Pakistan to check the impact of proposed Value-Added Tax on Inflation and viability of implementing VAT in Socio-Economic conditions of Pakistan.
Product Specifications
SKU :COC12609
AuthorZain Rafique and Sumbal Babar
LanguageEnglish
BindingPaperback
Number of Pages180
Publishing Year9/26/2012
ISBN978-3845418360
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-17 00:00:00
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