Monday 10 December 2018
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inquirer - 6 month ago

‘Safeguards’ needed in proposed tax amnesty measure

The think tank Action for Economic Reforms (AER) yesterday said the proposed tax reform package 1B, which included tax amnesty, would be pointless if it would not include the relaxation of the bank secrecy law. Excluding the waiver of the bank secrecy law in the proposed tax amnesty bill, which is currently being discussed in the Senate, will result in a toothless law as tax evaders who apply for amnesty will be able to under declare taxable assets without the government knowing any better, the AER

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