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{
    "id": 482385,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482385/?format=api",
    "text_counter": 185,
    "type": "speech",
    "speaker_name": "Hon. S.S. Ahmed",
    "speaker_title": "",
    "speaker": {
        "id": 140,
        "legal_name": "Ahmed Shakeel Shabbir Ahmed",
        "slug": "shakeel-shabbir"
    },
    "content": "it more effective and workable. The amendments that have come through have been looked at in great detail not only by the practitioners, but also members of the Income Tax and Revenue Department. They pointed out the loopholes and where there is ambiguity. The problem in this country is that 80 per cent of the tax collected is raised from the poor and wage-earners. The big companies hardly pay any tax. The amendments that have come through will, hopefully, try and net in some of the big companies which have been using loopholes and delaying tactics to avoid tax payment. There is a company that I know that owes the Tax Department a couple of billions and it has gotten away with it by changing particulars of ownership. This Bill has dealt with that problem. If there is a company that owes the Tax Department a lot of money, then it cannot go through the back door to change ownership and getting rid of its assets by way of foreign takeovers thereby avoiding paying tax. I want to thank the people who came up with that to make sure that we are going to net those tax evaders, tax defrauders and those who have defaulted."
}