What Happened: The Pakistani government has announced a tax amnesty scheme to allow tax evaders to declare hidden assets without fear of penalties until June 30, Dawn reported May 14.
Why It Matters: The government passed the tax amnesty scheme, which is part of a broader effort to widen the country's small tax base, after Islamabad secured a $6 billion loan from the International Monetary Fund.
Background: The plan, which is already Pakistan's fifth tax amnesty scheme since 2013, does not apply to public officials. Before taking office, Pakistani Prime Minister Imran Khan opposed the system, viewing the program as a means to encourage corruption.
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