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Pakistan Among World's Top 10 Tax Losing Countries

From the Blog riazhaqPakistan ranks among the top 10 countries in terms of tax revenue losses due to corporate tax avoidance, according to UN World Institute for Development Economics. World Economic Forum estimates that the country lost $10.4 billion in taxes last year. *Top 10 Tax Losers:* The top 10 countries losing the most tax revenue in absolute terms as listed by the World Economic Forum are USA ($188.8 billion), China ($66.8 billion), Japan ($46.1 billion), India ($41.2 billion), Argentina ($21.4 billion), France ($19.8 billion), Germany ($15 billion), Pakistan ($10.4 billion), Indonesia ($6.5 billion) and the Philippines ($6.4 billion). Pakistan and Argentina top this list of 10 in terms of tax revenue lost as percentage of GDP. Both lose 3.5% of their GDP in corporate tax avoidance,pakistanblogs.blogspot.comRead Full PostComments

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