It could help towards addressing this fiscal policy crisis as well as implementation in true letter and spirit. This has generated stirring of debate on the possible review of the 18th Amendment manifested during the early months of the current government. estate duty, gift tax, capital gain tax et cetera are now provincial tax subjects. Similarly, the presence of board of investment at both top tiers of the government only shows poor fiscal policy and multiplication of expenses. Furthermore, Pakistan’s tax policy is in tatters, with fixation on compliance than on development; it needs to undergo rationalization.

Source: The Hindu September 19, 2022 23:05 UTC