India exempts rupee payments for Iran oil from hefty taxes
India's finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed…
India exempts rupee payments for Iran oil from hefty taxes
India's finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed…
Western buyers freeze payments for contaminated oil in extended Russian outage
Total and Eni have stopped payments for the contaminated oil sold to them by Russian firms and said they will only pay when compensation is agreed, trading sources said, upping…
Taxes and social democracy
“The perks culture has also held real estate development hostage for decades as officials seek to reward themselves through plots. Government sponsored developers such as the DHA and Coop societies…
Simplification of taxes for growth — III
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,…
Budget and taxes
On April 27, 2018, the present government (ending its tenure on May 31, 2018) will announce its sixth budget amidst criticism that the same should have been left for the…
Collecting more taxes
It was the renowned American Supreme Court judge Oliver Wendell Holmes who wrote more than a century back that ‘taxes are the price we pay for a civilized society’. If…
Ailing economy and regressive taxes
In their respective budgets, the federal and provincial governments, by just enhancing the existing tax rates and imposing new regressive taxes have confirmed that they lack visions to fix the…
Taxes for welfare
As two-thirds of the tax collected is in the form of indirect taxes and one-fourth of the entire amount comes from petroleum and petroleum products at various stages (which is…
The repayment enigma
The China-Pakistan Economic Corridor (CPEC) is being termed as a game-changer for the country. But is Pakistan fully equipped to repay the costs related to it? CPEC, which started off…
