General
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Direct Tax Policy Principles
Minimization of compliance costs not only for businesses but also for the collectors and maximization of revenue for Pakistan seems…
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Indirect Tax Policy Considerations
Consumption taxes have grown to be a major source of tax revenue for governments around the globe. Tax authorities worldwide…
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Shariah-compliant Financial Products
Shariah compliant finance is an important part of life for the faithful. Currently, Shariah-compliant financial products are available to both…
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Audit Software that won't Sit on the Shelf
As co-authors of the Buyer's Guide for Audit, Anti-Fraud, and Assurance Software, we are often asked to give a kind…
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Beyond Reasonable Excuse and Negligence
It is true not trite that ignorance of tax law is an excuse. Penalties and freezing injunction are the two…
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CBR's Ultra Vires Circular
Tax year 2006 has evidenced an enormous growth in the ultra vires circulars issued by the Central Board of Revenue…
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Rating of Islamic Financial Institutions
The Islamic financial institutions have seen mushroom growth during the last decade owing to fact that there is a large…
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How CBR is Losing Tax Revenue
The proviso to section 115 sub-section (1) clause (a) of Income Tax Ordinance, 2001, added by Finance Act, 2005 has…
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CBR's Image Revamping Exercise
The image building exercise of CBR has just concluded on 21st and 22nd August, 2006 with the foreign donors reviewing…
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Globalization Failure – Redux
We tend to think of the forces of globalization as a permanent part of the landscape—but then perhaps they were…
