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OICCI puts its weight behind unified tax rate of 13 percent


OICCI puts its weight behind unified tax rate of 13 percent
Business
April 1, 2021
KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended rationalisation of minimum tax regime, abolition of final tax regime, and a unified tax rate of 13 percent for the next fiscal year.
The chamber in its proposals submitted with the government highlighted various measures required to streamline the complex tax regime, incentivise the legitimate taxpayers through ease of doing business measures, and ensure filing of tax returns by all income earners, it said in its statement.
“GoP has taken various bold measures in the face of many economic challenges, including those emanating from the Covid-19 impact on the local and international trade and business,” said Irfan Siddiqui, OICCI President, while commenting on the taxation proposals. ....

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Gunman who killed 4 at Southern California office complex knew his victims


Gunman who killed 4 at Southern California office complex knew his victims
Author: Stefanie Dazio, Robert Jablon, Associated Press
Updated: 3 hours ago
Published 3 hours ago
Investigators survey the scene at an office building after a shooting in Orange, Calif., Wednesday, March 31, 2021. The shooting killed several people, including a child, and injured another person before police shot the suspect, police said. (AP Photo/Jae C. Hong)
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ORANGE, Calif. The gunman who killed four people and wounded a fifth at an office complex knew all the victims either through business or personally, Southern California police said Thursday.
Orange police Lt. Jennifer Amat also revealed that the gunman had chained gates to the complex closed, forcing officers who responded Wednesday to engage him from outside. ....

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