Ikramul Haq on Muck Rack

Ikramul Haq

Lahore
As seen in: LinkedIn, Medium, The Express Tribune, Geo News English, Daily Times, Pakistan Defence, Business Recorder, Global Village Space, The Friday Times, Naya Daur and
Advocate Supreme Court/Partner HUZAIMA & IKRAM/author IBFD/member IFA/member Advisory Board & Visiting Senior Fellow of PIDE & Visiting Faculty LUMS.
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Articles

Reform the reformers—IX Towards bona fide VAT for Pakistan

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By Ikramul Haq
| Minute Mirror
You need the full information on taxes paid on inputs to offset those on outputs… Any presumptive tax, or exemption, breaks the value chain and leads to cumulative taxation of business-to-business transactions… What Pakistan has is a reversion to excise-mode production taxation—this damages investment, exports and fails to raise revenues”— Professor Ehtisham Ahmad Few observations could better explain the predicament of Pakistan’s sales tax system than those of Professor Ehtisham Ahmad, one...
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Reform the reformers—VIII Towards a Pakistani model of consumption taxation

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By Ikramul Haq
| Minute Mirror
No successful Asian economy imported its consumption tax system as a ready-made package. The lesson is not that Pakistan should imitate Malaysia’s SST or Singapore’s GST or Japan’s Consumption Tax. The lesson is that each country adapted its consumption tax to its own economic circumstances rather than forcing its economy to fit an imported model. AI Generated Summary Good tax policy is not about copying international fashions.
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Reform the reformersVII Death of VAT: Preserving a legal fiction

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By Ikramul Haq
| Minute Mirror
VAT normally utilizes a system of tax credit (called input tax adjustment) to place the ultimate and real burden of tax on the final consumer and to relieve the intermediaries from any tax burden—Study on Single-Stage Sales Tax (SSST) by Ashfaq Yousaf Tola The greatest irony of Pakistan’s sales tax policy is not that the country failed to implement a genuine value-added tax (VAT).
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