Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The mere claims of authorities dealing with Financial Action Task Force (FATF) and Asian Pacific Group (APG) for complying with 26 out of 27 action items agreed in June 2018 not only failed to yield the...
Dr. Ikramul Haq The outdated and oppressive tax structures at federal and provincial levels have created further fiscal mess and how come out of it is discussed in Towards Flat, Low-rate, Broad and Predictable Taxes’ (PRIME Institute, Islamabad, published in December 2020, available free...
Huzaima Bukhari “Wisdom is the right use of knowledge. To know is not to be wise. Many men know a great deal, and are all the greater fools for it. There is no fool so great a fool as a knowing fool. But to know...
Huzaima Bukhari & Dr. Ikramul Haq Through the Finance Act, 2021 [“the Act”], the Parliament has made an amendment with retrospective application to override the well-established principle that what is not “income” under the income tax law cannot be taxed, and where there is no...
Huzaima Bukhari & Dr. Ikramul Haq It is a cardinal principle that what is not “income” cannot be taxed under the income tax law (presently in operation is Income Tax Ordinance, 200I]. In Pakistan, a misconception prevails that National Assembly can declare anything “income” through...
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
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