IMF and the ‘pseudo’ national govt
With the regime change completed in Pakistan, the geo-politico-economic situation is so fluid and intertwined that any attempt at offering crystal ball predictions can fall like deck of cards once…
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…
Withering national unity?
The industrial sector is the backbone of economic progress. It works as a major source of employment and its growth paves way for sustainable development. For Pakistan, the growth of…
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…
Pakistani tycoons: nationalisation fears
A textile and financial magnate is a Pakistani icon. A risk-taker. A trailblazing entrepreneur. A poster boy for ‘Corporate Pakistan’. He has his ears close to the ground. He hears…
FBR — making tax digital and beyond (II)
The top global trend at the moment is continuous transaction control-CTC aiming to close VAT gaps, increase revenue and have more control over data. CTC regimes however, is not uniform…
Curtailing global tax avoidance practices
Global taxation is central to global decision-making because most foreign direct investment (FDI) and global operations these days are biased by tax considerations. The numbers are huge. For instance, with…
The Merger and tax issues
The passage of Constitution (Thirty-first Amendment) Act, 2018 ["31st Constitutional Amendment"] by Senate and National Assembly, its adoption by the Assembly of Khyber Pakhtunkhwa [by vote of 92 to 7]…
The tax gap
The World Bank has recently released a report which indicates that the potential tax capacity in Pakistan currently stands at as much as 22.3 percent of the GDP. The likely…
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,…
