The council-tax base is a measure of the authority's taxable capacity for the setting of its council tax and legislation sets out the formula for the calculation and the requirement that the
tax base is formally approved.
The Commissioner Broadening of
Tax Base is stationed in the FBR headquarters and has powers to only send notices.
"Corporate tax rates in South Asia are higher than those in other developing regions," the report says citing 'narrow
tax base' as one of the main reasons for the region's 'relatively higher tax rate' - main hurdle in bringing Foreign Direct Investment (FDI) in the country as the rate of capital gains tax in Pakistan 'too high'.
Similarly, the broadening of the
tax base can be ensured by introducing alternative minimum tax.
This approach allowed for the introduction of the common rules for
tax base construction very quickly (just the common corporate
tax base without the possibility of tax consolidation), as the CCCTB was newly understood not only as a tool for the significant improvement of the business environment but also mainly as an important instrument for fair, efficient and transparent taxation within the EU.
"However, the Common Consolidated Corporate
Tax Base will create a more transparent, efficient and fair system for calculating the
tax base of cross-border companies, which will substantially reform corporate taxation throughout the EU," it said.
Expansion of the
tax base and the taxpayer base have been discussed by governments, parliamentary and finance ministry panels and expert committees, such as the Tax Administration Reform Commission (TARC), for several years now.
luxury
tax base by creating a single property tax system with a progressive taxation scale.
Although states set their own income tax rates, and although states deviate from federal tax law on some issues, all state income taxes closely track the federal
tax base.
The minimum corporate tax rate will be raised from 14 percent to 16 percent for large corporations whose
tax base is more than 100 billion won, and the rate for companies with a
tax base falling in the 10 billion won to 100 billion won range will be raised from 11 percent to 12 percent.
The gross receipts and net income requirements concern the
tax base, i.e., the amount on which the tax is levied.
To eliminate barriers generated by the existence of 27 different tax systems on the on the efficient functioning of the internal market, the "Common Consolidated Corporate
Tax Base" was highlighted by its benefits.