Let technology save the tax system
An anaemic tax-to-GDP ratio is a reality that is reiterated time and again. Similarly, a distorted taxation structure that is regressive, and heavily penalizes the most vulnerable segments of society…
The need for tax system reforms
Prime Minister Shehbaz Sharif has a strong connection with the business community, especially with the Lahore Chamber of Commerce, as he has served as its president and is well-acquainted with…
Budget: rationalise taxation
On the eve of another ritual exercise of announcing federal budget, official date has yet to be finalised, expected on June 12, 2024, there is a need to re-evaluate tax…
Low taxation of property
The recent revelation of massive investment in property by Pakistanis in Dubai of over $11 billion has not only raised issues of the exit of capital from Pakistan but also…
Towards a fairer tax system
The World Bank, in its latest report, ‘Pakistan Development Update’, issues a stark warning: in the current fiscal year, the country’s fiscal deficit is projected to skyrocket to a staggering…
Paradigm behind an ideal tax-to-GDP ratio
One point of commonality in all twenty-three International Monetary Fund (IMF) programmes secured by Pakistan to date is an emphasis on raising tax revenue with more recent programmes seeking not…
Withholding tax system: automation
The economic topography of nations depends heavily on a robust revenue system, akin to the lifeblood sustaining its various functions. Diverse revenue streams, characterizing global economies with “tax revenue”, are…
Income not consumption taxes: Applying a ‘national income tax’ for a welfare state
‘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…
Bridging the huge tax gap
The new coalition federal government will soon be in power, after controversial elections of February 8 2024, allegedly marred with post-voting manipulated results to favour the favourite. These were the…
Cultivating tax awareness
It is common knowledge that efficient collection of taxes is fundamental to the economic stability and growth of any country. However, in Pakistan, the tax collection system has been marred…
