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…
Manufacturing, Mining and Investment
The growth performance of overall manufacturing in general and large-scale manufacturing to particular has been lackluster at best in the 1990’s. After growing at an average rate of 8.2 percent in the 1980’s. The growth of large-scale manufacturing slowed to…
Ability-to-Pay Principle of Taxation
Dr. Ikramul Haq[i]It states that if a given amount of revenue is needed to finance public services, then each taxpayer should contribute in line with his ability-to-pay taxes. Those who possess more economic power (income and wealth) should contribute more…