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…
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…
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…
Reforming tax system
Tax reform is a policy implementation by the government through which a few alterations are made to the tax system in order to overcome the loopholes and enhance the effectiveness…
Restructuring the tax system — I
“If we realise that the FBR cannot be fixed, we will create a new FBR. This is because Pakistan’s survival is linked to it. It’s not about our liking or…
Restructuring of tax system: a blueprint
“A comprehensive strategy had been formulated to shift the gear and move to higher economic growth. I do not believe in increase in taxes to increase revenue collection but those outside…
Restructuring of tax system: a blueprint
“A comprehensive strategy had been formulated to shift the gear and move to higher economic growth. I do not believe in increase in taxes to increase revenue collection but those outside…
Restructuring the tax system — II
The PTI Government showed lack of political will to reduce exemptions, concessions, waivers and immunities to the State Oligarchy. Total tax expenditure was of Rs. 1.5 trillion in the just…
Restructuring the tax system — III
While the FBR under the present economic team has performed excellently under the adverse conditions and despite heavy financial toll of Covid-19, especially in the midst of deadly second wave,…
