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Fixing a broken tax system
EDITORIAL: The IMF’s (International Monetary Fund’s) call for Pakistan to build on its hard-won economic stability by pursuing a fairer, broader and more predictable tax system strikes at the heart of one of the country’s most persistent economic failings: an inequitable tax regime that places a disproportionate burden on those already within the tax net while allowing influential sectors to contribute far less than their due. Addressing a recent tax reform workshop, Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, rightly stressed the need to bring under-taxed secto...
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