Fixing the taxation system – Part II
Studies on sectoral incidence show that industry bears more than two-thirds of the tax, while the services sector bears about 21 per cent and agriculture 3.0 per cent. In the…
Reform and development of China’s financial sector
Since the 18th National Congress of the Communist Party of China (CPC), China has moved further toward high-quality development, and its economy has opened further to the outside world, as…
FATF – financial politics
"Money is the mother of all politics", Jesse. M. Unruh. A statement that has been debated but not disputed. This is visible in the classification of the world into the…
Avoiding international sovereign debt crisis
“The COVID-19 crisis has made painful sovereign-debt restructurings inevitable for many countries... The World Bank estimates that as many as 100 million people could fall into extreme poverty as a direct result…
Countering financial crimes
In recent days, Federal Board of Revenue (FBR) has taken many steps to enforce internal accountability mechanism to uproot corruption/malpractices within the organisation. The steps like making Chief Commissioners as…
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…
Digital currency can make the financial system safer—II
The Bank of International Settlements in its own studies discovered that at least one-fifth of the world’s population will use digital currencies within the next three years. This clearly shows…
Illicit financial flows in the region
A recent study (November 24, 2017) provides an assessment of routes, actors and sources of Illicit Financial Flows (IFFs) and corruption in and between Kyrgyzstan, Tajikistan, Afghanistan, Pakistan, India, Nepal,…
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…
International obligations
IN this age of globalisation, nations are voluntarily giving up a part of their legislative sovereignty to supranational entities like the European Union (EU) and global agencies like the UN.…
