All posts tagged: taxation

Financial Tools of the Capitalist Major Powers

The IMF and the World Bank are considered amongst the important financial tools, used by major capitalist powers to dominate the world economy. This is being done by plunging other countries into continuous debts, whilst imposing economic dependency. Thus the loans offered by these financial institutions are the means of extending influence. They are political […]

Nothing Less than the Re-Establishment of the Khilafah will End Our Perpetual Economic Agony!

Even Imran Khan knows that the inevitable consequence of the IMF programmes is worsening poverty. Before coming to power, in an interview published in the British newspaper, “The Guardian,” on 18 September 2011, Imran Khan emphatically warned, “Every country I know that has had IMF or World Bank programmes has only impoverished the poor and […]

The Evil Capitalist Economy is the Origin of Economic Hardship in the World!

It is not a secret that economy is the backbone of human life hence leading to an urgent need for a system to drive the growth and distribution of resources (wealth) in the society. The economic system today is capitalist founded by a Western philosopher Adam Smith known as the ‘Father of the capitalist system’. […]

Pakistan’s Rulers Mercilessly Tax the Poor and the Indebted to Fill the Pockets of Those Who Peddle in the Sin of Interest

On 11 June 2021, in their budget announcement, Pakistan’s rulers made great fanfare of reducing taxation on certain sectors and increasing the salaries of government employees. Then, within days, the mouthpieces of the rulers made an even greater fanfare, through every platform available to them. However, in the same budget, Pakistan’s rulers increased overall taxation […]