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How Do the Owners Hide their Real Profits

Arif Iqbal Junejo

MPRA Paper from University Library of Munich, Germany

Abstract: This report aims at the analyzing the impacts different illegal activities in the textile sector of the Karachi, Pakistan. In Pakistan including Karachi there are several issues those arises when textile business owners hide their real profits to save taxation. The issues like smuggling, money laundering, financial frauds in the companies, frauds in paying taxes etc. currently this issue has been under consideration that the CBR has reduced the sales tax rate to the zero percentage. So the business owners of the textile companies want that the previous sales tax which was imposed on them should also be reduced to zero.

Keywords: Profits (search for similar items in EconPapers)
JEL-codes: G0 G00 (search for similar items in EconPapers)
Date: 2022-12-15, Revised 2023-01-18
New Economics Papers: this item is included in nep-acc
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Handle: RePEc:pra:mprapa:116477