Paradigm shift in tax policy
‘The impact of economic growth on the lives of people is partly a matter of income distribution, but it also depends greatly on the use that is made of the…
Bewilderment over rational tax policy
There is a national consensus that the existing tax system needs to be completely restructured to provide an equitable, pragmatic, investment-oriented and growth-inductive policy and nationally integrated automated tax administration…
Tax policy for Investment
It is heartening to know that the Federal Board of Revenue (FBR) has at last started a meaningful dialogue with experts and stakeholders on vital issues related to policy flaws…
Emerging new directions in the American tax policy
For a tax change, the structure and financing are critical in order to achieve growth. Low tax rates usually encourage individuals to work, save, and invest, but where the tax…
Emerging trends in shaping tax policy
A fiscal system is influenced by economic, political and social factors.1 These elements change directions of a country's tax structure; and the emerging situation thus makes it difficult to distinguish…
Income tax policy options and the IMF
THE Federal Board of Revenue (FBR) is required to submit to the parliament by end June 2009, legislative amendments on a number of tax policy and administration measures envisaged under…
Towards industrial policy 2.0: Part – V
Infrastructure: Pakistan’s unending energy crisis and high-end user costs have enormously damaged industrial growth and diversification, particularly the export sector.The present model of single buyer-single seller is the root cause…
US debt- ceiling deal dooms Biden’s revolutionary tax plans
US President Joe Biden’s 2020 campaign promise to make wealthy Americans and corporations pay more in taxes to finance a range of social priorities breathed its last gasp, at least…
IMF, Constitution & tax codes
“The International Monetary Fund (IMF) on Monday urged Pakistan to follow the Constitution in order to resolve its political disputes, as Prime Minister Shehbaz Sharif contacted Managing Director Kristalina Georgieva…
Towards industrial policy 2.0: Part – IV
The end purpose of an industrial policy for Pakistan should be to achieve competitiveness through higher productivity which brings greater profits for entrepreneurs, higher wages and better working conditions for…
