Gaming the system
An Oxfam America study released in April this year found that for each dollar America's 50 biggest companies paid in federal taxes between 2008 and 2014, they received $27 back…
Need for financial reporting council
There is dire need to establish Financial Reporting Council (FRC) in Pakistan as an autonomous regulator to promote corporate governance and reporting to safeguard the interest of all stakeholders. The…
Systemic corruption
Over the weekend, an historic release of information came out in the Panama Papers showing exactly who, how, and when a vast network of people stole and hoarded money. Our…
Implementing the US-imposed sanctions: A review of the compliance system in action
Enforcement of economic and trade sanctions is usually based on a country's foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged…
Fair and just tax system
There is a national consensus that the existing exploitative, outdated, regressive, ill-directed and unfair tax system is stifling economic growth and widening the rich- poor divide. It needs to be…
Strengthening NAB’s financial crime wing
When NAB was established in 1999 the initial target was to go after those who had committed bank frauds and/or did not return the loans taken on flimsy pretexts. The…
Spillover issues in international taxation
International taxation is a well defined subject. Where a business engages in a cross-border transaction, the transaction so made causes a situation to face international tax issue, dependent on many…
After a year at war, Ukraine at financial breaking point
Bruised and battered after a year of armed conflict, Ukraine has been crippled by a combination of monetary, budgetary, industrial, banking and energy crises that could make it dependent on…
Microfinance: towards an inclusive financial sector
Today, one of the key challenges emerging nations face while pursuing economic growth and development is how to counter poverty. Poverty is a multifaceted phenomenon that includes, but goes beyond…
Microfinance: towards an inclusive financial sector
Today, one of the key challenges emerging nations face while pursuing economic growth and development is how to counter poverty. Poverty is a multifaceted phenomenon that includes, but goes beyond…
