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.