Tax reforms with borrowed funds!
Huzaima Bukhari & Dr. Ikramul Haq According to a report, the Government of Pakistan Tehreek-e-Insaf (PTI) “is seeking $400 million or Rs. 56 billion loan from the World Bank (WB) for a risky venture of fixing the country’s ailing tax…
Local governments & taxes
Huzaima Bukhari & Dr. Ikramul Haq In Pakistan, the poor are subjected to heavy and oppressive taxes, whereas the members of militro-judicial-civil complex, absentee landowners and businessmen-turned-politicians enjoy numerous tax breaks, unprecedented perks and perquisites, benefits, including allotment of expensive…
Trump-Kim parleys
Huzaima Bukhari “Politics is war without bloodshed while war is politics with bloodshed”—Mao Zedong President Donald Trump, in his 82-minute-long long State of the Union speech on February 6, expressed positive outcome of the second summit between him and North…
Pragmatic case selection model for audit
Huzaima Bukhari & Dr. Ikramul Haq Selection for and conduct of audit is not ex facie detrimental to the interest of taxpayer, however to exercise such powers; the discretion needs to be structured by framing rules and issuance of policies…
Revisiting NFC Award
Dr. Ikramul Haq The 9th National Finance Commission (NFC), in its maiden meeting, chaired by Finance Minister Asad Umar, held in Islamabad on February 6, 2019, discussed besides other issues recommendations for improving the distribution of resources among provinces and…
Transgender dilemma
Huzaima Bukhari “I think that’s important—that transgender individuals are just like everyone else. We have our interests, our hobbies, our things we like to do.”—Jazz Jennings (b. October 6, 2000, is a transgender male to female activist) For centuries transgender…
End non-filers regime
Huzaima Bukhari & Dr. Ikramul Haq A Collection of tax where it is not due is as detestable as its non-payment when it is due—Nasim Sikander J, CIT Companies, Lahore v State Cement of Corporation (Pvt) Ltd, Lahore 2002 PTD…
Pragmatic model for audit
Selection for and conduct of audit is not ex facie detrimental to the interest of taxpayer, however to exercise such powers; the discretion needs to be structured by framing rules and issuance of policies for ensuring consistency and certainty of…
Without one’s mom!
Huzaima Bukhari “A mother’s arms are made of tenderness and children sleep soundly in them”—Victor Hugo (1802-1885) Who can deny the importance of a mother to a child? From keeping the baby in her womb for a full nine months,…