New bill aims to tighten noose on tax evaders

• Proposed law suggests changes to existing sales, income tax laws, seeks to replace ‘filer, non-filer’ terminology with ‘eligible, ineligible person’
• Evaders won’t be allowed to open, operate bank accounts, buy or sell property, own cars above 800cc
• Tax authorities to have power to seal non-compliant businesses; banks to alert FBR of high-risk individuals

ISLAMABAD: The government on Wednesday introduced a bill in the National Assembly aimed at granting tax authorities sweeping powers to enforce compliance with tax laws...