Punjab: tax reforms with foreign loan!
Dr. Ikramul Haq According to a Press report, following in the footsteps of the Federal Government, the Punjab Government has decided to borrow $ 304 million from the World Bank for tax reforms. Earlier, the Federal Government obtained loan of…
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…
Finance Bill 2013
Meaningful suggestions Huzaima Bukhari & Dr. Ikramul Haq Senate 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…
Pakistan
Tax issues of corporate amalgamations, mergers & acquisitions Huzaima Bukhari & Dr. Ikramul Haq* INTRODUCTION In 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…
Pakistan: Tax Issues Surrounding Corporate Amalgamations, Mergers & Acquisitions*
By Huzaima Bukhari & Dr. Ikramul Haq[1] Contents INTRODUCTION BACKGROUND COMPARATIVE ANALYSIS 3.1. United Kingdom 3.2. India TAX NEUTRALITY IMPLICATIONS OF SCHEMES OUTSIDE THE SCOPE OF TAX BENEFITS CAPITAL GAINS TAX EXPOSURE CONCLUSION 1. INTRODUCTION In the era of globalization,…
Flat-rate taxation: an alternate solution
Huzaima Bukhari & Dr. Ikramul Haq Synopsis At 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…
Review of CBR’s links with business
Need for fast track ‘Dispute Resolution System’ 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…
Needs for all-out reforms
Huzaima Bukhari & Dr. Ikramul Haq Every 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…
All are naked here!
Huzaima Bukhari & Dr. Ikramul Haq The 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…