Can a super tax tackle poverty?
The incumbent government has imposed a 10 per cent direct tax in the form of a ‘super tax’ on large-scale profitable industries, and labeled the new levy as a “poverty…
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…
Exorbitant tax on formal sector to make the nation poorer
The annual ritual of budget presentation was completed on June 29 with the passage of the Finance Act 2022 by the National Assembly without the usual debate and opposition. One…
Reforming tax system
Tax reform is a policy implementation by the government through which a few alterations are made to the tax system in order to overcome the loopholes and enhance the effectiveness…
Tax misconceptions
There has been no prime minister during the past three decades who has not blamed poor macroeconomic performance on those who do not pay taxes - tax evaders who are…
FBR’s resistance to 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,…
From flying taxis to robocops, Dubai as a tech pioneer
From flying taxis to Batman-style surveillance motorcycles, Dubai's GITEX expo this week showcased innovations that were symbols of the city-state's ambitions to be a metropolis of the future. Known for…
Need for income tax law – III
Part 2 - Special Cases 66. (1) Where a person dies, his legal representative or the executor shall be liable to pay any sum, which the deceased would have been…
Covid-19: economic & tax reliefs
Pakistan is facing the brunt of Coronavirus outbreak as the country is in a partial lock down. This has had a negative impact on businesses. Initial estimates show that the…
Analysing ‘tax expenditure
We don’t do charity in Germany. We pay taxes. Charity is a failure of governments’ responsibilities”—Henning Wehn, a German stand-up comedian The announcement of budget 2020-21 on June 12, 2020…
