Why do governments implement a turnover tax instead of only taxing net profit?

By Kalsoom Tahir

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Last Updated 13 Aug 2026

A. To encourage corporate reinvestment

B. To capture revenue from loss-making firms

C. To simplify value-added tax collection

D. To reduce the burden on small businesses

📚 Topics: Pakistan Current Affairs

🎯 Exams: CSS NTS PMS UK_CS US_COMP

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