Telecom companies evaded tax through Corruption

Public Accounts Committee (PAC) has come to know that some private telecom companies evaded tax through corruption which has caused huge loss for the government and the burden is again delivered to poor citizens.

Reporting about the incident, The News said:

ISLAMABAD: Public Accounts Committee (PAC) has been told Thursday that private telecom companies evaded tax through corruption.

The committee members said ruined system of Federal Board of Revenue (FBR) is causing the stealing of tax worth billions of rupees and the burden is delivered to poor man.

The PAC meeting was held in Islamabad.

Chairman FBR told the committee that a telecom company of a Punjab high-up personality evaded tax through corruption and saved tax over Rs310 million.

The committee was told the companies involved in corruptly refunding tax include Global Telecom and Union Communication; the details of board of these companies have been presented to the committee.

The committee members assured the FBR that no tax evader would be given protection.

The custom officials briefed that smuggling went on the go, as the customs check posts in NWFP and Balochistan were terminated during the tenure of former government.