Have we got our narrative wrong?: Tax to GDP ratio – II
We are continuously being harangued by donors and external agents with limited knowledge of our economy with epithets like "a nation of tax cheats", "poor revenue collection", 'why should our…
Drugs and money
Successive governments in Pakistan provided money laundering schemes to the black economy, including proceeds from the drug trade in the name of ‘good economic measures’ (sic) to ‘boost industrial progress’.…
Taxing the taxed: Income Support Levy Act, 2013
In the current budget, the government has proposed to levy a wealth tax by proposing to enact a new law.1 The object of the tax is to provide financial assistance,…
Managing the natural gas crisis
The dual menace of power and gas shortage is a serious issue that has caused much damage to the national economy and is likely to damage more, if the right…
Tax proposals – I
On June 5, 2013, we will have a new government in action - faced with multifaceted and complicated problems on economic front. It's immediate task of framing budget for fiscal…
Combating financing of terrorism – II
Appraisal of global and domestic initiatives: Since the tragic event of September 11, 2001, the United States and its allies have been engaged in what they call 'war on terror'…
Registration of ships and issues of tax liability
Registration of ships is an important area in merchant shipping. The subject is also governed by the UN Convention on conditions for registration on ships 1986. The convention lays down…
Crumbling tax system
Taxes play a vital role for establishing an egalitarian society, the true fruit of social democracy. Under a representative and responsible government, citizens are taxed according to their ability (at…
Agenda for the nation 2013 and beyond-III
Over the past five years, extremely bad governance wrought with corruption and compromise in the name of continuity of democracy has brought the country to a disastrous point. This has…
Tax reform, not aid please
The BBC has reported that a group of British MPs have asked the British “government to withhold extra aid to Pakistan unless the country does more to gather taxes from…
