Budget 2020 amid Covid-19 crisis
Agenda for tax reforms Huzaima Bukhari & Dr. Ikramul Haq The biggest challenge faced by the State of Pakistan is on revenue mobilisation front in the aftermath of Covid-19 pandemic/lockout and global meltdown of economy. Budget 2020 is in the…
Tax on gain on immovable property
Who is violating the Constitution? Huzaima Bukhari & Dr. Ikramul Haq The unanimously-passed 18th Constitutional Amendment, received assent of President on April 19, 2010, was undoubtedly a titanic exercise aimed at securing consensus through parliamentary negotiations between divergent, conflicting and…
Budget 2020
Tax reforms for economic revival Huzaima Bukhari & Dr. Ikramul Haq The biggest challenge faced by the present federal and provincial governments is how to strike a balance between revenue mobilisation and revival of economy in the aftermath of Covid-19…
Budget 2020 amid Covid-19 crisis—III
Fiscal challenges & 18th Amendment Huzaima Bukhari & Dr. Ikramul Haq The failure to tap the actual tax potential by the federal and provincial governments is the real issue and not the Constitution (Eighteenth Amendment) Act, 2010 [hereinafter “18th Amendment”]…
The rot within!
Huzaima Bukhari “All you got to do is look around. This country’s getting worse and worse and more and more immoral, and we’re rotting from within”—Terry Bradshaw-American football quarterback According to Benjamin Wittes, a Senior Fellow in Governance Studies at…
Budget 2020: innovative taxation
Dr. Ikramul Haq A good tax system is one that raises money with minimal distortion to the economy. In Pakistan, oppressive, unfair and complex tax system is the main cause of many distortions in economy. Budget 2020, expected on June…
Covid-19 crisis—Budget 2020
Economic revival & IT sector Huzaima Bukhari & Dr. Ikramul Haq In the aftermath of Covid-19 outbreak and lockdown, now gradually being lifted in Pakistan, the debate about untapped potential of Information Technology (IT) sector has assumed renewed interest. It…
Constitutionality of SROs
Huzaima Bukhari & Dr. Ikramul Haq The federal and provincial tax codes of Pakistan contain numerous exemptions and concessions while many are added, modified or withdrawn through executive orders, called statutory regulatory orders (SROs). These exemptions and concessions have not…
Budget 2020
Simple & fair taxation for retailers Dr. Ikramul Haq The outcome of a meeting between Prime Minister and the business community on January 20, 2020 as expected ended with just clichés like “facilitation”, “concessions” and “waivers” etc. Prime Minister…