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BBC tax raids put India press freedom in spotlight

Just weeks after the BBC aired a documentary examining Indian Prime Minister Narendra Modi’s role in deadly 2002 sectarian riots, tax inspectors descended on the broadcaster’s offices. Modi’s Hindu nationalist…

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…

Harmonizing the sales tax

The 18th Amendment to the constitution had a profound impact on the legal and political framework of the country. Among other measures leading to the long-awaited provincial autonomy, the amendment…

Deconstructing the property tax

One of the significant measures to meet the demands of the International Monetary Fund is the tax revenue target of Rs7,004 billion of the Federal Board of Revenue for FY2022-23,…

The tax gap

In a recent disclosure, the Chairman Federal Board of Revenue (FBR) admitted that tax gap of Pakistan is Rs 3,000 billion. According to a press report, he said that this…

Germany to overhaul laws to allow energy bailouts

Germany’s government will have the power to take stakes in utilities and impose emergency levies on consumers under proposed legal changes now under discussion, three sources told Reuters, as Berlin…

Taxation power and democracy

In the wake of an apparent economic crisis, caused by multiple reasons, particularly a killing self-inflicted political instability, myopic economic policies of last seven decades, unthoughtful actions and measures taken…

Wealth tax in the guise of deemed income

Whenever historians will write the history of an abusive, incorrect, absurd and technically incorrect tax imposition anywhere in the world they will censure Pakistan for its ‘presumptive’ and ‘minimum’ tax…