Seeking refunds from tax department
The issues relating to refunds and that too from govt departments are a common cause. Unfortunately such disputes linger on for years as the state functionaries are very hesitant to…
The cars will lead to the tax
Pakistan’s tax-to-GDP ratio has stayed stuck between 9.0 and 10 per cent for years. This is one of the lowest ratios in the world. Yet, the purchase of luxury goods…
The taxation system needs reform
Our system today is in moral bankruptcy. Our tax system has become a tool of harassment for the weak, a shield for the elite and a mechanism of existence for…
Improving national tax culture
The International Monetary Fund has agreed to lower Pakistan’s tax collection target for the ongoing fiscal year from Rs 12.97 trillion to Rs 12.35 trillion, a move that highlights the…
Taxilas no more
IF you have travelled on the Grand Trunk Road, which we insist was built by Sher Shah Suri, towards Peshawar, some 90 kilometres from Islamabad, you come across a town…
‘Unconstitutional’ windfall tax–I
Banks have regular windfall income from dealing in foreign currencies – oxymoronic treatment by SRO. 1588(I)/2023 dated 21.11.2023. In Pakistan, Federal Board of Revenue (FBR) is de facto legislature (sic)…
Battle over Trump tax returns could extend into 2020 election
The US Congress has strong arguments for obtaining President Donald Trump's tax returns, but first faces a long court battle that could extend into the 2020 presidential election, some legal…
SOEs burden on taxpayers no surprise
Conventional economic theory argues that pursuit of privatisation is to enhance service quality, attract private investment, reduce government intervention and improve accountability and transparency in the management of public assets.…
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…
Subject of taxation on farm income
This article discusses the issue of availability of food for the poor at affordable prices, economics of agriculture and the misperception about the potential collection of tax on income from…
