Abusing withholding provisions
Huzaima Bukhari & Dr. Ikramul HaqProvisions of Sections 161 & 162 of the Income Tax Ordinance, 2001 could not have been invoked for recovery of tax, character of which changed from “advance tax” to “tax due” after assessment vide Section…
Abusing taxpayers’money
“When laws do not rule, there is no constitution”Dr. Ikramul HaqAll public power is a sacred trust, which is to be exercised fairly, justly, honestly and in accordance with law—Supreme Court of Pakistan in Workers’ Party Pakistan & Others v…
In the grip of disillusionment
Huzaima Bukhari & Dr. Ikramul HaqThe country during the last many days remained in the grip of severe despair and disillusionment. The sit-ins, demonstrations, political confrontations, killing of the innocent, denial of justice and economic vulnerabilities damaged the civilian rule…
A Heinous Joke With the Nation
If 18 February 2008 was an historical day in the history of Pakistan, the subsequent events have proven to be nothing more than a shameless consequence of imprudent and incompetent political leadership. The entire Parliament, lawfully elected by the people…
A tax for the poor that rich never paid
Dr. Ikramul HaqThe fiscal woes of Pakistan are due to naked defiance of the rich to pay due taxes on their enormous incomes/wealth. A progressive tax (Income Support Levy), legislated in 2013, remains unpaid till today by 99% parliamentarians and…
A critical review of Federal budget 2005-06
National budget is one of the most important documents of a country. It is not merely a statement of income and expenditure; it is a mirror of the financial and economic state of an economy and authentic statement about the…
Cases of corporate deceit and fraud
Dr. Ikramul HaqThe House of Lords on November 6, 2002 passed a historic order in Standard Chartered Bank (respondents) v. Pakistan National Shipping Corporation (appellants) and Standard chartered Bank (appellants) v. Pakistan National Shipping Corporation and others and another (respondents)…
A brief history of income tax of U.K
Taxation – the means by which a civilised society performs the sometimes uncivil task of taking money from one group in order to give it to another – has been a part of life for a very long time.The ancient…
China’s lawfare against corruption and lessons for Pakistan (Part II)
By Hassan Aslam Shad and Dr. Ikram Ul HaqSo how has China’s lawfare against corruption been successful despite its mammoth geography and population size? In our view, some of the reasons behind China’s successful lawfare are the following.First, China has…