Pakistan’s reliance on bilateral, trilateral, and friendly countries to fulfill its financial requirements not only undermines its sovereignty, but also intensifies the hardships of its citizens. Despite engaging in numerous…
‘The fundamental injustice of consumption taxes, relative to income taxes, is that the well-off can postpone them by saving, while the poor pay cash on the nail. “Justice too long…
On April 27, 2020, the 9th National Finance Commission (NFC), like 8th NFC, remained fruitless as the federation and its units failed to reach a consensus for distribution of fiscal…
I’m no economist per se. As an accountant, however, I’m deeply concerned at the steep hike of 150 basis points (1.5 percent) in the discount rate. This will further intensify…
In this concluding part, we are highlighting various proposals already given to the government of Pakistan Tehreek-i-Insaf (PTI) and some new ideas for restructuring tax administration on national level. Additionally,…
Domestic Resource Mobilisation (DRM) is the cornerstone of taming debt growth, providing governments with adequate funds for development and delivering public services. Weak administrative capacity, low tax morale and compliance,…
"If you tax a product less results/If you subsidize a product more results./We've been taxing work, output and income and subsidizing non-work, leisure and unemployment./The consequences are obvious!" the text…
Let's kill the suspense immediately. Essentially, as evidenced from IMF's intervention in every country they have historically "assisted", even they, the IMF, believe that higher taxes on higher income groups…
In Pakistan, the poor are subjected to heavy and oppressive taxes, whereas the members of militro-judicial-civil complex, absentee landowners and businessmen-turned-politicians enjoy numerous tax breaks, unprecedented perks and perquisites, benefits,…
One of the main tools of tax policy is to increase the level of savings and capital formation in the private sector partly for borrowing by the government and partly…
