Huzaima Bukhari & Dr. Ikramul Haq In majority tax frauds, the usual parties are the official(s) and the taxpayer(s). Cases where unilateral tax fraud is committed are rare such as using fictitious bank account(s) to obtain fake refunds. But even in such cases, bank officials are involved with tax officials. It is thus imperative that...Read More

Huzaima Bukhari & Dr Ikramul Haq Public debt as percentage of GDP was recorded at 84.8 percent at end June 2019 compared with 72.1 percent at end June 2018. This increase was primarily due to the build-up of liquidity buffers and higher exchange rate depreciation—Debt Policy Statement 2019-20, issued by Debt Policy Coordination Office of...Read More

Dr. Ikramul Haq The Prime Minister of Pakistan, Imran Khan, has repeatedly asserted that Pakistanis are hesitant to pay taxes with the same zeal as they act as philanthropists. The main cause identified by him is mistrust between the taxpayers and tax agencies as well as the failure of successive governments to spend the taxes...Read More

Huzaima Bukhari “Life is really simple but we insist on making it complicated”—Confucius. Nothing seems to satisfy man! Those living in the villages yearn for the bright city lights and sounds and the city dwellers enviously view the villager’s laid back lifestyle. The poor crave for money while the rich find themselves using all means...Read More

Huzaima Bukhari & Dr. Ikramul Haq In tax disputes the principles relating to stay of recovery in appropriate cases with or without condition, whether provided statutorily or as a matter of inherent jurisdiction, are well-established. The highest court of the country, the Supreme Court of Pakistan and High Courts throughout the country grant stay of...Read More

Huzaima Bukhari & Dr. Ikramul Haq In tax disputes the principles relating to stay of recovery in appropriate cases with or without condition, whether provided statutorily or as a matter of inherent jurisdiction, are well-established. The highest court of the country, the Supreme Court of Pakistan and High Courts throughout the country grant stay of...Read More

Huzaima Bukhari & Dr. Ikramul Haq “I will not give in to unreasonable pressure of the business community as it would be traitorous to my countrymen…I will not step back after countrywide strikes by the business and trading fraternity….”—PM vows not to bow to traders’ pressure, July 17, 2019.  “…although there are gaps in the...Read More

Dr. Ikramul Haq The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population—Oxfam’s report, ‘Time to Care’, published on 20 January 2020. In Pakistan, the average net worth of a parliamentarian is $900,000, yet few of them pay taxes. Instead, elites in parliament exploit...Read More

Huzaima Bukhari “Only a man who knows what it is like to be defeated can reach down to the bottom of his soul and come up with the extra ounce of power it takes to win when the match is even”—Muhammad Ali (Clay). The ‘Cambridge Dictionary’ explains the meaning of ‘defeat’ as “to win against...Read More

Huzaima Bukhari & Dr. Ikramul Haq “….the raison d’être of establishing special tribunals has been to dispense better quality of justice where people, better trained in particular fields and disciplines could provide quality decisions and resolution of disputes…. Appointing members to these tribunals on political basis or who are otherwise incompetent or have doubtful integrity...Read More