The tale of diplomatic gifts
Huzaima Bukhari“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it”— Frédéric BastiatA…
Finance Bill 2013
Meaningful suggestionsHuzaima Bukhari & Dr. Ikramul HaqSenate Standing Committee on Finance sent a number of meaningful, though unbinding, recommendations to the National Assembly on 21 June 2013. Finance Minister Ishaq Dar ignored all of them while making the concluding speech…
Pakistan
Tax issues of corporate amalgamations, mergers & acquisitionsHuzaima Bukhari & Dr. Ikramul Haq*INTRODUCTIONIn the era of globalization, cross-border amalgamations, mergers and acquisitions are very important for the international corporate growth and integration of world-wide business. The pace of such transactions…
Pakistan: Tax Issues Surrounding Corporate Amalgamations, Mergers & Acquisitions*
By Huzaima Bukhari & Dr. Ikramul Haq[1]ContentsINTRODUCTION BACKGROUND COMPARATIVE ANALYSIS3.1. United Kingdom3.2. IndiaTAX NEUTRALITY IMPLICATIONS OF SCHEMES OUTSIDE THE SCOPE OF TAX BENEFITS CAPITAL GAINS TAX EXPOSURE CONCLUSION1. INTRODUCTIONIn the era of globalization, cross-border amalgamations, mergers and acquisitions are important…
Flat-rate taxation: an alternate solution
Huzaima Bukhari & Dr. Ikramul HaqSynopsisAt present, both the centre and provinces are not collecting taxes according to their respective potential due to weak enforcement and inherent problems of an out-dated tax system. Total tax potential of Pakistan is around…
Review of CBR’s links with business
Need for fast track ‘Dispute Resolution System’ Dr. Ikramul HaqDr. 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…
Needs for all-out reforms
Huzaima Bukhari & Dr. Ikramul HaqEvery now and then we keep on hearing from higher judiciary echelons that government must run the affairs according to the Constitution of Pakistan and follow rule of law. While this is undisputable and uncontroversial…
All are naked here!
Huzaima Bukhari & Dr. Ikramul HaqThe proverb, is hamam mein sab nange hain (all are naked in this bath), is today on the lips of every Pakistani. Ordinary Pakistanis have lost faith in all system—the political, administrative and the justice….
Ailing economy, absconding FM
Huzaima Bukhari & Dr. Ikramul HaqIn the absence of self-acclaimed genius Finance Minister, reportedly under treatment in London for heart ailment after being indicted for amassing wealth beyond means, who will fix the economic ailments of Pakistan? The reply to…