Finance Act 2020
The adoption of the Finance Bill 2020 on June 29, 2020 and exceeding the target by the Federal Board of Revenue (FBR) for fiscal year (FY) 2019-20 was an achievement…
Finance Act 2020
The existing system imposes high taxes but yields low revenues. Only 2000 companies pay 75% of total taxes. The standard sales tax rate is 17% but effective rate, according to…
Finance Act 2017: Blatant constitutional violation
The adoption of the Finance Bill 2017 on June 15, 2017 by members of the ruling party using the disgusting tool of majoritarianism, ignoring sane voices for sound tax policy…
Sales tax on restaurants through Finance Act
The imposition of 7.5% sales tax on restaurants through the Finance Act 2019 by the National Assembly, energetically defended by the Chairman of Federal Board of Revenue (FBR), is patently…
Finance Act, 2018: Flagrant constitutional violations
The adoption of the Finance Bill 2018 on May 18, 2018 by National Assembly, committing flagrant violations of the supreme law of the land, once again confirms that the outgoing…
Finance Act 2014 Apathy continues
The adoption of Finance Bill 2014 on June 21, 2014 using the crude tool of majoritarianism, ignoring sound tax policy needs, once again confirmed disrespect of the rulers for a…
Finance Act 2013: Apathy of Parliament
The adoption of Finance Bill 2013 on 27 June 2013, with a number of amendments proposed on 24 June 2013, was a disgrace for the National Assembly. There was no…
Finance Act 2011 sans self-reliance
The adoption of Finance Bill 2011 on June 22, 2011 without any meaningful debate and in utter haste by the national parliament has once again proved that our elected representatives…
Finance Act 2012
The adoption of Finance Bill 2012 on 14 June 2012, with a number of amendments proposed on the last day, was a disgrace for the National Assembly. There was no…
Capital suggestion: Criminal Finances Act
On July 24, 2002, Elizabeth Alexandra Mary, the queen of England, gave royal assent to the Proceeds of Crime Bill 2002 (POCA), thereby making the bill an act of parliament.…
