Lahore, October 14, 2014 (PPI-OT): ACCA (the Association of Chartered Certified Accountants) and Lahore Stock Exchange jointly organized a seminar on ‘Capital Gains Tax’ bringing together the Directors and Board Committee Members of the Lahore Stock Exchange, investment analysts and senior accounting and finance professionals to explore the topic of ‘Capital Gains Tax’.
Chas Roy Chowdhury, Head of Taxation ACCA was the keynote speaker at the seminar held at the Lahore Stock Exchange. Chas sits on the business advisory board of the Organization for Economic Cooperation and Development (OECD) which has held the issue of tax avoidance very high on its agenda.
As an expert on taxation Chas has been closely involved in discussions at the European Commission on introduction of measures such as Common Consolidated Corporate Tax Base (CCCTB), a potential key plank in achieving the aims of the Base Erosion and Profit Shifting (BEPS) Project.
The discussions revolved around the subject of the implementation of Capital Gains Tax and outlining its benefits to the economy as a progressive tax. The UK revised its Capital Gains Tax policy recently which was explored at length. With regards to this change in policy, Chas said, “The tax system in any jurisdiction needs to be simple and have its purpose properly explained to the tax payer so that they fully understand the reasons behind the measure and hence comply.”
The seminar concluded with an interactive question and answer session giving the audience an opportunity to inquire further about this system and compare it with the one in Pakistan.
For more information, contact:
Barkat Ali Anjum
Deputy Manager-Media and Public Relations Department
Lahore Stock Exchange (LSE)
Lahore Stock Exchange Building,
19, Khayaban-e-Aiwan-e-Iqbal, P. O. Box: 1315,
Lahore – 54000, Pakistan