Under the Taxation Laws (Amendment) Bill, 2024, the Federal Board of Revenue (FBR) will now share income tax return data with banks for cross-matching with bank records. This step aims to tighten compliance and reduce tax evasion by implementing restrictions on the economic activities of non-filers. The bill defines two categories: “qualified persons,” who have … Read more
Australia has proposed a landmark law to impose fines of up to A$50 million on global technology giants for anti-competitive practices, sparking a heated debate about the future of the digital market. “This is about leveling the playing field,” Assistant Treasurer Stephen Jones said, addressing attendees at the McKell Institute. “The digital economy challenges our … Read more
Acting President Yousuf Raza Gilani. – Application/File Earlier in the day, all six bills were approved by the Senate and the National Assembly. A bill seeking to increase the number of IHC judges has been approved. The Supreme Committee’s draft law on practices and procedures also received Parliament’s approval. All six bills approved by the … Read more
Army vehicle patrol and police officers stand guard along the road near the cantonment area in Bannu, December 21, 2022. — Reuters The Human Rights Commission of Pakistan fears that the legal reform “may be used against political rivals.” The bill terms it a “gross violation of the right to due process” and a “fair … Read more