Income Tax Ordinance 2001:A fait accompli
Dr. Ikramul Haq[*] The failure to act prudently creates certain things as fait accompli in a nation’s life. The Income Tax Ordinance 2001, which is going to be imposed upon us before 26 September 2001, on the dictates of the…
IMF Tranche: Bailout or Deathblow
By Dr Ikramul Haq Dr. Ikramul Haq, a leading international tax counsel, is a well-known author specialising in international tax, press, intellectual property, corporate and constitutional law. Dr. Ikram is Chief Partner of Lahore Law Associates (fax: +92 42 7226953,…
Fiscal deficit: Mother of all ills
ByDr. Ikramul Haq* The persistent failure of our financial managers and tax collectors to overcome fiscal deficit and remove fiscal imbalances has created a situation where the very economic survival of the country is at stake. Our economic survival now…
FINANCE ORDINANCE, 2001
Analysis of Amendments in Income Tax Law By Dr. Ikramul Haq[*] The Central Board of Revenue (CBR) has three mottos: passion for routine, resistance for change and promotion of mediocrity. The changes made in the different tax enactments through the…
No Effort To Avoid Assessee-Collector Contact(s)
Dr. Ikramul Haq[*] There has been much talk of reducing or even eliminating the contact between the tax payers and the tax collectors to overcome the deep-rooted corruption rampant in the tax machinery. The worthy Finance Minister, on more than…
Budget 2001-2002
Tax policies for industrial investment Dr. Ikramul Haq[*] Pakistan needs rational tax policies, having both short-term and long-term goals, to achieve self-reliance, which can only be possible if rapid investment for industrialisation is ensured. The unabated and mounting fiscal deficit,…
TAXATION OF E-COMMERCE:ISSUES & SOLUTIONS
BY DR. IKRAMUL HAQ Dr. Ikramul Haq, a leading international tax counsel, is a well-known author specialising in international tax, press, intellectual property, corporate and constitutional law. Dr. Ikram is Chief Partner of Lahore Law Associates (fax: +92 42…
Budget 2001-2002
Tax Policy Imperatives Dr Ikramul Haq[*] “Although successive governments have made attempts to narrow the revenue-expenditure gap by taking new fiscal measures in the federal budgets, little improvement has taken place in the overall fiscal deficit. Why is it so?…
Budget 2001-2002
Tax Reforms: Needs & Challenges Dr. Ikramul Haq[1] There is a national consensus that existing tax policy needs to be reformulated to provide an equitable, pragmatic, investment-oriented and business-friendly tax system, integrating good tax administration with simplified tax laws that…