Double taxation.

THERE are many Pakistanis having dual nationalities. Most of them have returned to the country after having worked for decades in the United States and elsewhere. They have savings made during their stay abroad and are also paying taxes to the respective governments.

So, basically the foreign assets are their savings after tax payments. Why should they be paying capital value tax (CVT) on their foreign assets?

CVT should apply to people who have made money in Pakistan and then transferred their assets abroad to escape from tax they owe to the government.

Dual...

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