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Crumbling Tax System

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…

An Optimal Tax System

An optimal tax system

Tax systems in most developing countries are far from optimal. Indeed, the need for adequate government revenues without excessive borrowing is sometimes in conflict with sound economic fundamentals. Most often…

Tax System In Challenging Times

Tax system in challenging times

The existing tax system, undoubtedly, protects the rich and mighty having monopoly over economic resources. The common man is subjected to sales tax of 17% (tax incidence is 35% on…

Paradigm Shift In Tax System

Paradigm shift in tax system

"The subjects of every state ought to contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the…

Seeking Directions Towards Compatible Tax System

Seeking directions towards compatible tax system

In global expanding economy the role of taxation is gaining importance particularly with reference to cross-border taxation, since these transactions pose difficulties and problems to tax administrations. In different phases,…

Fixing the taxation system – Part III

One of the pernicious side-effects of a large dose of the federal divisible tax pool injected into the provincial finances is that the provinces have become slack in mobilizing their…

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…