Independent journal on economy and transport policy
19:41 GMT+2
Revenue Board probing ship breaking industry over billions in evaded sales tax
(Business Recorder)
March 6, 2002
Sohail Sarfaraz
ISLAMABAD (March 06 2002) : The government has unearthed what may be the biggest tax evasion scam ever of the country involving the entire ship-breaking industry of Karachi and Gaddani, and ordered the Central Board of Revenue (CBR) to investigate the volume of sales tax swallowed by this mega-industry.
This large-scale evasion was made possible ...... Read more on Business Recorder
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