Huzaima & Ikram’s articles collect decades of published analysis on Pakistan’s tax and corporate law — income tax, sales tax, FBR reforms, budgets and constitutional questions — by Dr. Ikramul Haq, Huzaima Bukhari and Abdul Rauf Shakoori, including pieces first published in Pakistan’s leading newspapers.
Huzaima Bukhari
“No organization can stay uncorrupt for long, be it a political party, a religious institution or a charity foundation – sooner or later the instinctual…
“Inflation is taxation without legislation”
Dr. Ikramul Haq “Inflation is taxation without legislation—Milton Friedman—Editorial of November 11, 2009 in Wall Street Journal, titled, Taxation without Legislation The budget for fiscal…
Environmental Crimes: An Emerging Challenge
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The Financial Action Task Force (FATF), as an inter-governmental and international watchdog body, is playing an…
Pakistan: ML/CFT challenges in trade
Huzaima Bukhari, Dr. Ikramul Haq Trade is used as an ally for money laundering by misdeclarations of goods, under-invoicing and over-invoicing—Justice Ayesha Malik, paper read…
FATF, Pakistan & TBML
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori There are three main methods by which criminal organisations and terrorist financiers move money for the…
Cacophonic leadership!
Huzaima Bukhari “Great leaders create more leaders, not followers. Great leaders have vision, share vision, and inspire others to create their own”—Roy T Bennett The…
National FATAF Secretariat & FMU
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The mere claims of authorities dealing with Financial Action Task Force (FATF) and Asian Pacific Group…
Lower & predictable taxes for growth
Dr. Ikramul Haq The outdated and oppressive tax structures at federal and provincial levels have created further fiscal mess and how come out of…
Knowledge sans wisdom
Huzaima Bukhari “Wisdom is the right use of knowledge. To know is not to be wise. Many men know a great deal, and are all…
Overriding ‘doctrine of mutuality’
Huzaima Bukhari & Dr. Ikramul Haq Through the Finance Act, 2021 [“the Act”], the Parliament has made an amendment with retrospective application to override the…
Taxing what is not “income”
Huzaima Bukhari & Dr. Ikramul Haq It is a cardinal principle that what is not “income” cannot be taxed under the income tax law (presently…
Will USA regain its lost legacy?
July 4 marks the Independence Day of United States of America Dr. Ikramul Haq July 4, 1776 has special significance in American history. The great…
FATF & collective failure
Dr Ikramul Haq It is shocking that only two political parties filed income tax returns for tax year 2020 out of 27 registered with FBR…
Budgets & elitist structures
Huzaima Bukhari Dr. Ikramul Haq All annual budgets of federal and provincial governments—civil or military—for the last four decades, especially tax proposals through Finance Bills,…
Pakistan: Dissecting FATF Failure
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The incompetence and lack of understanding of the incumbent government has once again proven fatal as…
Our society’s dilemma
Huzaima Bukhari “Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is…
Art: coarseness or culture?
Huzaima Bukhari “The true work of art is but a shadow of the divine perfection”—Michelangelo Although the biological needs of humans reduce them to the…
June 26 marks the International Day against drug abuse and illicit trafficking. The theme for 2021 is “Share facts on drugs, save lives”. The worldwide observance was decided by the United Nations General Assembly in 1987 to raise the level of awareness in the international community about the dangers of drug abuse, to prevent its spread and to encourage all efforts to combat the menace at international level.
Taliban, Americans, terrorism & drug-trade Huzaima Bukhari & Dr. Ikramul Haq Terrorism, drugs-for-arms and money laundering, intrinsically linked, still pose considerable threats to global peace…
