Recent Articles

Tax Justice

Wealth doesn’t trickle down – it just floods offshore

  (Heather Stewart):  A far-reaching new study suggests a staggering $21 trillion in assets has been lost to global tax havens. If taxed, that could have been enough to put parts of Africa back on its feet – and even solve the euro crisis. The world’s super-rich have taken advantage of lax tax rules to siphon off at least $21 trillion, and possibly as much as $32tn, from their home countries and hide it abroad – a sum larger than the ... Read More »

Political Economy of Taxation

By Sakib Sherani (8 January 2016) a second marriage is dubbed a `triumph of hope over experience`, what should an eighth tax amnesty scheme be titled? The government has launched yet another such scheme, its second since 2013, this time designed for the country`s tax-delinquent traders. With an estimated 3.5 million traders in the country, only an estimated 135,000 traders are tax registered. Wholesale and retail trade accounts for 18pc of official GDP (a reported value addition of Rs4,900 billion ... Read More »

Tax Amnesty Scheme 2016: Facts & Challenges

(By Umer Cheema 05 January 2015): A budding entrepreneur of a leading business family in Pakistan popped up on the radar of American tax authorities in 2008 to invest 23 million dollars in the real estate of New York. Upon questioning about his funding source, he said the money was brought from Pakistan. The investigators subsequently wrote to Federal Board of Revenue inquiring whether the transferred funds were taxed in Pakistan or not. An amnesty scheme of the PPP government ... Read More »

Tax exemptions causing loss of Rs.900 billion annually

10 December 2015 Former Finance Minister Dr Hafiz Pasha said on Wednesday that exemptions and loopholes culture in tax system was causing a loss of Rs 900 billion annually to the country. “Pakistan has failed in increasing the tax to GDP ratio as it is being held hostage by entrenched powerful vested interests people who do not allow the individuals to change the system”, said Dr Pasha while addressing at a panel on “Rising inequality in Asia and role of ... Read More »

On the way to Addis Ababa: Funding development goals

By Mark Herkenrath (8 Jan 2015): The Third UN Conference on Financing for Development will take place in Addis Ababa in July 2015. The key question will be how to finance the Sustainable Development Goals. In September 2015 the UN will finalize the new global Sustainable Development Goals (SDGs). The political negotiations within the Open Working Group (OWG) have produced an ambitious catalogue of 17 main goals and numerous sub-goals, all of which focus equally on economic, social and environmental ... Read More »

Human Rights Council acts against impunity of MNCs

(26 June 2014) The UNHRC resolution stresses the need for a new legal framework to end corporate impunity. It is time for transnational corporations, to be legally accountable for corporate human rights violations and systemic economic and ecological crimes. The United Nations Human Rights Council (HRC) has adopted, through a vote, a historic and significant resolution to start a process for an international legally instrument on transnational corporations. Officially entitled “Elaboration of an international legally binding instrument on Transnational Corporations ... Read More »

Why Pakistan must bother Tax Justice?

By Abdul Khaliq/ The link between taxation and development is fundamental. A functioning state that can meet the basic needs Citizens for Tax Justice in Pakistan The link between taxation and development is fundamental. A functioning state that can meet the basic needs of its citizens must rely ultimately on its own revenues to meet development needs and objectives. Using the tax system, the state mobilizes domestic resources, redistributes wealth, provide essential services and infrastructure. However, governments across the world ... Read More »

Pakistan – A case of tax revolt!

It is a troubling fact that the ranks of taxpaying people in Pakistan seem to be shrinking every year. Statistics show that1.44m people filed their returns in 2011. But in 2013 there were only about 840,000 taxpayers whom the FBR could trace at their homes or workplaces. In 2010 1.7m tax returns were filed in the country. Does this mean that the missing numbers are imaginary taxpayers? A comparison shows that only 0.4 per cent of the population pays taxes ... Read More »