When mob kills one person
Huzaima Bukhari“Every unpunished murder takes away something from the security of every man’s life”—Daniel WebsterOver time, this nation has developed a rather peculiar tradition. Whenever politicians are arrested or summoned before the courts, they rally huge crowds, usually armed with…
Tax directory of all
Huzaima Bukhari & Dr. Ikramul Haq‘All lawmakers are taxpayers’—Finance Minister, Ishaq Dar, Business Recorder, January 7, 2014On the first day of 2014, the Chairman Federal Board of Revenue (FBR), while appearing before Public Accounts Committee, offered an illegal, rather obnoxious…
FBR’s data analysis
Dr. Ikramul HaqThe Federal Board of Revenue has released four documents in September 2020, namely, ‘FBR Year Book for 2019-20’, ‘Parliamentarians’ Tax Directory for Tax Year 2018’, ‘Tax Directory of all Taxpayers for Tax Year 2018’ and ‘Tax Directory Analysis…
FATF & Pakistan
Need for adopting risk-based approachHuzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf ShakooriThe importance of risk-based approach in curtailing the movement of illicit flows of funds is paramount. The significance of this approach is also stressed in recommendations of Financial…
Determining fair income-tax base
Dr Ikramul HaqAccording to the latest data available on the website of Pakistan Telecommunication Authority (PTA), the total number of cellular subscribers as on January 31, 2021 were 180 million (84% teledensity), out of which 95 million were 3G/4G subscribers…
IMF-imposed ‘Ordinance’ & IT exports
Huzaima Bukhari & Dr. Ikramul HaqAccording to a Press report, the coalition government of Pakistan Tehreek-i-Insaf (PTI) before the release of tranche of US$ 500 million by the International Monetary Fund (IMF) agreed to make amendments in the Income Tax…
Tax issues in erstwhile FATA/PATA
Huzaima Bukhari & Dr. Ikramul HaqThe merger of Federally Administered Tribal Areas (FATA) with Khyber Pakhtunkhwa and Provincially Administered Tribal Areas (PATA) with respective provinces, after assent of President to The Constitution (Twenty-fifth Amendment) Act, 2018 on May 28, 2018,…
Simplification of taxes for growth—III
Huzaima Bukhari & Dr. Ikramul HaqIn this concluding part, we are highlighting various proposals already given to the government of Pakistan Tehreek-i-Insaf (PTI) and some new ideas for restructuring tax administration on national level. Additionally, through a national revenue agency,…
Prioritize what’s important
Huzaima Bukhari“Our life is the sum total of all the decisions we make every day, and those decisions are determined by our priorities”―Myles MunroeIn our routine life, we usually take things as they come or move with the flow or…