Countering illicit financial flows
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf ShakooriThe illicit movement of funds is a global challenge, threatening domestic and international financial systems. The United Nations Office on Drugs and Crimes (UNODC) has recently highlighted that the total value of…
Taxation violating Constitution
Dr. Ikramul Haq & Abdul Rauf ShakooriThe Federal Government enhanced rate of sales tax from 17 percent to 18 percent with effect from February 14, 2023 through statutory regulatory order (SRO)—179(I)/2023 dated February, 14, 2023 [“notification”], issued under section 3(2)(b)…
Complicated social interactions
Huzaima Bukhari“Life is a catwalk and brings us into the limelight of human and social interaction. It teaches us to watch sympathetically, listen responsively, and feel united with the world around us”—Eric PevernagieSince the time of birth, humans are compelled…
IMF programme & reforms
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf ShakooriPakistan, one of the major victims of climate change, is fighting alone to manage the damages caused due to catastrophic flooding and unprecedented rains that have affected almost one-third of the country….
Reciprocity of taxes
Dr. Ikramul HaqPeople of Pakistan, especially with low and fixed incomes, have once again been burdened with exorbitant indirect taxes amidst hyperinflation and rising unemployment through mini-budget presented before the Parliament on February 15, 2023 by the alliance government of…
Bailouts or deathblows
Dr. Ikramul HaqIn less than a month, Pakistan’s currency has lost more than a quarter of its value against the U.S. dollar, and fuel prices have risen by almost a fifth as the government implemented fiscal measures that are prerequisite…
Reciprocity of taxes
Dr. Ikramul HaqTime and again, not only the ordinary Pakistanis but politicians as well complain that prevalent tax system is unjust and that the governments—federal and provincial—are not collecting the due taxes. Since assuming the office of Prime Minister, Imran…
Tax: coercive & unconstitutional
Huzaima Bukhari“However good a Constitution may be, if those who are implementing it are not good, it will prove to be bad. However bad a Constitution may be, if those implementing it are good, it will prove to be good”—B.R….
Tax Gap: Myth & Reality
Dr. Ikramul Haq In a study uploaded on its website, titled Tax Gap Report 2022[“the Report’], the Federal Board of Revenue (FBR) claims that its in-house researchers (sic!) have adopted “the top-down and bottom-up approaches to estimate the tax gap”. The…