Accountability through tax law only solution
Corruption and accountability have been the main subjects of our social discourse for over 70 years. However, not a single case has ever been finalized. We had numerous plea bargains,…
PTI, FBR & tax directories — I
Failure of the coalition of Pakistan Tehreek-i-Insaf (PTI) vis-à-vis economic governance, changing four finance ministers and five chairpersons of Federal Board of Revenue (FBR) during its tenure since August 2018…
Tax havens and double standards—II
Developing countries lose on all counts due to the prevalence of this system. This has been described with reference to Pakistan as under: Illustration B: Mr B has US dollars…
Recouping tax losses judiciously — I
“Judicial overreach is when the judiciary starts interfering with the proper functioning of the legislative or executive organs of the government. This is totally uncharacteristic of the role of the…
We seem to have no understanding of what ails our taxation system
I never wanted to write the following article for the simple reason that there isn’t anything good to present. However, I am forced to write because there is so much…
Retrieving untaxed/ill-gotten assets — I
In the Supreme Court of Pakistan, Suo Motu Case No. 2 of 2018 re ‘Maintaining of Foreign Accounts by Pakistani Citizens Without Disclosing the Same/Paying Taxes’, is still pending for…
Global fight against tax evasion
In a globalised world, with widespread international financial flows, international cooperation on tax compliance has become the norm. Central to this has been information sharing between tax authorities. Over many…
No end to tax amnesties – II
Since November 1990, when Nawaz Sharif became Prime Minister of Pakistan for the first time, the culture of loot, plunder, corruption, tax evasion and money laundering has been legalised and…
No end to tax amnesties – I
Pakistan is a unique country where the governments-military and civilian alike-have been frequently introducing amnesty schemes allowing whitening of dirty money. In other words, both the Legislature and Executive are…
Economic crimes: a truly global threat
As we work to recover from a financial meltdown and near economic collapse the threat posed by economic crime is fresh in the air. These crimes emerge as a result…
