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…
To survive and prosper
That Pakistan is in a profound economic and political crisis is no longer in dispute. Most observers and economists are united in that opinion. What to do about it is…
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…
Taxing foreign rental income
Investment in foreign properties by a specific section of society in Pakistan has been a pretty common phenomenon, especially in countries like the UAE, UK and so on. Naturally, the…
A consensus on the economy
Endorsing the previous government’s relief package by turning down the summary of the Oil and Gas Regulatory Authority (Ogra) for an increase in prices, Prime Minister Shahbaz Sharif has decided…
Putting people first
Chinese leader Deng Xiaoping in an interview with a US journalist had once referred to the cultural revolution of the 1970s as a “treasure” for the nation. Why? Because of…
Reforms: institutional impediments [Part – III]
The reason for the kind of political behaviour exhibited by elected representatives has to do with the incentive structure under the present voting system. MNAs and MPAs owe their election…
The ‘POL bomb’
Rising need of petroleum and its heavy taxation leaves the common man stripped of his earnings, and renders the lives of the poor more miserable than before, but despite all…
The tax gap
The World Bank has recently released a report which indicates that the potential tax capacity in Pakistan currently stands at as much as 22.3 percent of the GDP. The likely…
FBR: new chairman old challenges
On July 4, 2017, Tariq Mahmood Pasha, a seasoned grade-22 officer from Internal Revenue Service (IRS), assumed the charge of Chairman Federal Board of Revenue (FBR). The appointment of chairman from…
