Tue, 21-Oct-2025

U.S. tax committees will interview the IRS commissioner over audits of FBI

U.S.

Charles Rettig, the U.S. tax commissioner, will face questions.  About IRS audits of James Comey and Andrew McCabe. The Senate Finance Committee will hold a closed-door hearing on July 26. The House Ways and Means Committee is expected to hold a similar hearing. U.S. tax comissioner Charles Rettig will confront inquiries from administrators over how … Read more

Illicit trades causing Rs320 billion annual loss

illicit trades

LAHORE: The flourishing illicit trades of tobacco, tea, tyres, lubricants and pharmaceuticals are denting the national exchequer with a loss of Rs320 billion annually in taxes. The lack of political will, corruption in tax administration and political influence of evaders are the main causes of the illegal trades. Unabated smuggling, counterfeit and non-duty paid production … Read more