IMF Tranche: Bailout or Deathblow
By 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 (fax: +92 42 7226953, e-mail:…
Fiscal deficit: Mother of all ills
ByDr. Ikramul Haq*The persistent failure of our financial managers and tax collectors to overcome fiscal deficit and remove fiscal imbalances has created a situation where the very economic survival of the country is at stake. Our economic survival now lies…
FINANCE ORDINANCE, 2001
Analysis of Amendments in Income Tax LawByDr. Ikramul Haq[*]The Central Board of Revenue (CBR) has three mottos: passion for routine, resistance for change and promotion of mediocrity. The changes made in the different tax enactments through the Finance Ordinance 2001…
No Effort To Avoid Assessee-Collector Contact(s)
Dr. Ikramul Haq[*]There has been much talk of reducing or even eliminating the contact between the tax payers and the tax collectors to overcome the deep-rooted corruption rampant in the tax machinery. The worthy Finance Minister, on more than one…
Budget 2001-2002
Tax policies for industrial investmentDr. Ikramul Haq[*]Pakistan needs rational tax policies, having both short-term and long-term goals, to achieve self-reliance, which can only be possible if rapid investment for industrialisation is ensured. The unabated and mounting fiscal deficit, which is…
TAXATION OF E-COMMERCE:ISSUES & SOLUTIONS
BY DR. IKRAMUL HAQ Dr. 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 (fax: +92 42 7226953, e-mail:…
Budget 2001-2002
Tax Policy ImperativesDr Ikramul Haq[*]“Although successive governments have made attempts to narrow the revenue-expenditure gap by taking new fiscal measures in the federal budgets, little improvement has taken place in the overall fiscal deficit. Why is it so? Pakistan tax…
Budget 2001-2002
Tax Reforms: Needs & ChallengesDr. Ikramul Haq[1]There is a national consensus that existing tax policy needs to be reformulated to provide an equitable, pragmatic, investment-oriented and business-friendly tax system, integrating good tax administration with simplified tax laws that are easily…
Tax Policy and Development Strategy
Dr Ikramul Haq[*]It is a matter of great tragedy that our economic managers never thought of using tax policy as a tool of economic development, and their sole stress on revenue targets at the time of making annual budgets has…