Taxation measures
THE budget is a tough one. But it was expected to be. Our deficits — fiscal, trade and foreign currency — had to be addressed. Some of this is part…
THE budget is a tough one. But it was expected to be. Our deficits — fiscal, trade and foreign currency — had to be addressed. Some of this is part…
In Pakistan, taxpayers' money is not spent for the purpose it is collected. It is wasted and/or abused mercilessly. A big chunk of it goes for debt servicing, defence and…
Fiscally, Pakistan is a highly undisciplined country. The main reason is scattered taxation by multiple agencies working under federal, provincial and local governments without necessary coordination and data sharing. As…
Historically, taxation has been crucial for nation-building and welfare states. After the destruction wrought by the Second World War, European societies were rebuilt by progressive taxation to be spent on…
"The Constitution is supreme and each organ of the state has to perform its duties and functions in accordance with the constitutional scheme.... An official action or act, which violates…
Tax is a charge on persons, entities or property by an authority in the relevant scenario. Purpose is to raise funds from its subjects. The term 'tax' embraces levies by…
The landmark judgement by the Supreme Court [Civil Appeals 1428 to 1436/2016] has once again vindicated our point of view, frequently highlighted in these columns, that power of levying taxes…
In Pakistan ironically, the less-privileged are subjected to heavy and cruel taxation to finance the luxuries of militro-judicial-civil complex and politicians-who enjoy free perquisites, benefits, including expensive plots at prime…
Synopsis: At present, both the centre and provinces are not collecting taxes according to their respective potential due to weak enforcement and inherent problems of an outdated tax system. Total tax…
The new paradigm Under the afore-stated situation of lawlessness, a fresh approach and a renewed policy are urgently needed measures to replace the entire taxation system for fiscal consolidation and…