A simple tax bailout
As mentioned in the last column [Tax bailout for economic revival, Business Recorder, April 17, 2020], all businesses—badly hit by lockdown in the wake of Covid-19 epidemic and due to…
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…
Economic recovery, inequality, corruption, and wealth tax
January 2022 update of the IMF’s (International Monetary Fund’s) flagship report ‘Global Economic Outlook’ (GEO) revised global economic growth forecast for the current year downwards. As per GEO’s October 2021,…
Allama Iqbal on equitable taxation
In this article, we are highlighting the ideas of the great thinker, philosopher and poet, Allama Muhammad Iqbal, on economics and taxation. He is popularly praised and acknowledged as Musawwir-e-Pakistan…
Understatement of tax expenditure
The Public Finance Management Act of 2019 defines tax expenditure as follows: ‘The revenue which Government foregoes through the provisions of tax laws that allows deductions, exclusions or exemptions from…
Taxation hindering investment
This survey shows that international and national evidence points out that taxation and growth are negatively correlated. It is time Pakistan took this seriously and changed the adjustment and growth…
Harmful taxation of IT/telecom sectors
The Pakistan telecom sector contributes steady inflow of heavy tax collections under major heads like Activation Tax, GST/FED, the PTA fee & charges and others. The PTA has been advocating…
Bewilderment over rational tax policy
There is a national consensus that the existing tax system needs to be completely restructured to provide an equitable, pragmatic, investment-oriented and growth-inductive policy and nationally integrated automated tax administration…
FBR’s Tax Directory 2018 Analysis — I
Reference two-part series (FBR’s statistics: a critical analysis—I, Business Recorder, September 25, 2020 and FBR’s statistics: a critical analysis—II, Business Recorder, September 25, 2020, this article presents statistical analysis of…
