Fixing the taxation system – Part IV
Among many compelling reasons for further devolution to the third tier is that citizens in a local jurisdiction are found to pay more taxes as they see that these are…
Fixing the taxation system – Part I
Very few people outside the economics profession realize that fiscal (government revenue and expenditure) and current accounts (inflows and outflows of foreign exchange) are closely interlinked. A current account is…
History of taxation: a perspective
Taxes are share of state in income, production and consumption and never liked by individuals or corporate bodies. However, they have very important role in economic development and income redistribution.…
Taxation power and democracy
In the wake of an apparent economic crisis, caused by multiple reasons, particularly a killing self-inflicted political instability, myopic economic policies of last seven decades, unthoughtful actions and measures taken…
Services’ & immovable property income taxation
The taxation of “services” mentioned in section 153(1)(b) of the Income Tax Ordinance, 2001 [“the Ordinance”] with effect from tax year 2020 is subjected to “minimum tax regime” in cases…
Undisclosed income/assets: Time limitation and right of taxation
The Panama Leaks and the Paradise Papers have identified many cases where offshore companies/assets have not been declared/disclosed in Pakistan tax records by persons who were required to do so…
Undisclosed income/assets: Time limitation and right of taxation
The Panama Leaks and the Paradise Papers have identified many cases where offshore companies/assets have not been declared/disclosed in Pakistan tax records by persons who were required to do so…
Taxation sans constitutionalism
"The Constitution is supreme and each organ of the state has to perform its duties and functions in accordance with the constitutional scheme.... An official action or act, which violates…
Landmark SC Judgement: No taxation by executive
The landmark judgement by the Supreme Court [Civil Appeals 1428 to 1436/2016] has once again vindicated our point of view, frequently highlighted in these columns, that power of levying taxes…
Taxation for welfare
In Pakistan ironically, the less-privileged are subjected to heavy and cruel taxation to finance the luxuries of militro-judicial-civil complex and politicians-who enjoy free perquisites, benefits, including expensive plots at prime…
