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Unrecovered VAT can push input cost up by 8.9pc: IMF study
ISLAMABAD: The International Monetary Fund (IMF) has highlighted significant distortions in tax systems that affect key economic decisions, noting that unrecovered value-added tax (VAT) can raise input costs by up to 8.9 percent. In comparison, corporate taxation can increase the cost of capital by 15-19 percent. Shafik Hebous, deputy division chief in the IMF’s fiscal affairs department, presented these findings in its latest Fiscal Monitor chapter on “Taxing Better to Boost Growth” at a discussion jointly hosted by the IMF and the Urban-Brookings Tax Policy Center at the Brookings Institutio...
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