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Budget, taxes, revival & growth

Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work,…

Why do all roads lead to more taxes?

As a staff-level agreement between IMF (International Monetary Fund) and Pakistan following the ninth review of the IMF programme inches ever closer, the government recently announced the Supplementary Finance Bill,…

Federation, taxes & distribution—II

There is something fundamentally wrong with the structure of distribution of taxing powers between the federation and the federating units. Before independence, the provinces had the exclusive right to levy…

Federation, taxes & distribution — I

On April 27, 2020, the 9th National Finance Commission (NFC), like 8th NFC, remained fruitless as the federation and its units failed to reach a consensus for distribution of fiscal…

Simplification of taxes for growth — I

The biggest challenge on tax mobilisation front faced by Federal Board of Revenue (FBR) is bridging monstrous tax gap through automation and introduction of tax intelligence system and not levying…

Simplification of taxes for growth — II

The government of Pakistan Tehreek-i-Insaf (PTI) has been reminded in these columns time and again that no agenda for simplification of tax system and rationalisation of tax codes can improve…

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…