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…
Tax frauds, corruption & NAB
In majority tax frauds, the usual parties are the official(s) and the taxpayer(s). Cases where unilateral tax fraud is committed are rare such as using fictitious bank account(s) to obtain…
The corrupt, tax cheats, ‘secrecy’ & RTI — II
The passing of Foreign Assets (Declaration and Repatriation) Act, 2018, the Voluntary Declaration of Domestic Assets Act, 2018, promulgation of the Assets Declaration Ordinance, 2019 and later enacted as the…
The corrupt, tax cheats, ‘secrecy’ & RTI — I
2020 has started and apparently everyone has forgotten what the Supreme Court desired in Suo Muto Case No. 2 of 2018, started on February 1, 2018, and what happened thereafter.…
Wither tax reforms?
Does the government of Pakistan Tehreek-i-Insaf (PTI) still desire to bring about fundamental tax reforms that were promised in its 'First 100-Day Agenda'? Many say it is no more possible…
Foreign-funded tax reforms
Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work,…
Flawed tax reforms agenda — II
In fiscal year 2018-19, total payment, as per budget documents, on account of debt servicing, was Rs 1,987 billion against the budgeted figure of Rs 1,620 billion. Allocation for the…
Wither tax reforms?
Does the government of Pakistan Tehreek-i-Insaf (PTI) still desire to bring about fundamental tax reforms that were promised in its 'First 100-Day Agenda'? Many say it is no more possible…
Rationalising tax System
Taxation, besides providing resources to governments to run their affairs, should serve as a catalyst for industrial expansion and economic growth. In Pakistan the ill-directed, illogical, regressive and unfair tax…
Bridging tax gap – II
Sales Tax Presently, collection of sales tax is concentrated in few commodities. This is confirmed by the fact that petroleum products alone contribute around 44 percent of the total sales tax…
