Reforming the urban property tax in Punjab
Roads, streetlights, policing and sanitation are some of the services for which governments levy the property tax in cities and towns. The urban property tax collected in Punjab, however, is…
Budget 2014-15: Reforming sales tax system – II
During 2003-2007, one tax official used different techniques to issue illegal refunds in several cases without any check by any agency. It was found that the accused official during his…
Budget 2014-15: Reforming sales tax system – I
Taxation should serve as a catalyst for industrial expansion and economic growth. In Pakistan the ill-directed, illogical, regressive and unfair tax regulations are causing a dampening effect on the industrial…
Tax, power sectors need reforms
The International Monetary Fund (IMF) team visiting Pakistan on a Post Project Monitoring (PPM) mission a couple of weeks ago emphasised yet again the need for power and tax sector…
Reforms in tax laws – I
National sovereignty and self-dependence is the foremost requirement of our country. We as a nation have to take such steps which may ensure our sustainable development based on the indigenous…
Reformed General Sales Tax
Pakistan is an unfortunate country. Common man is deprived of basic education, medicine, housing, employment and physical security. This is the direct consequence of national spending, for these heads, in…
On Reformed GST and against flood tax
The government has tabled the Reformed GST (RGST) bill in parliament along with some additional taxation measures including the one-time flood tax. The major political parties within and outside the…
Reformed General Sales Tax: State of economy
All these factors revealed that by default, even after 1996 amendments, sales tax remained under a hybrid system where consumption tax was, in principle being collected at a single stage…
Taxation in Pakistan: taxing the untaxed elites
Chris Matthews’s famous quote “Paying tax is not a punishment. It’s a responsibility”. Most developed countries with a simple and efficient tax system enjoyed higher GDP growth, investment and employment…
China’s key plenum aims to fix decades-old tax revenue imbalance
Long-touted changes to China’s tax system will focus on allowing local governments to retain more fiscal revenues, say policy advisers, widely seen by markets as an important step towards removing…
