tax system
Coverage of tax system in the Nexus archive.
- 20 ways the tax system rewards people who understand it — and penalizes those who don't
The tax system rewards individuals who understand it through mechanisms like retirement accounts and penalty rules, while those who lack this knowledge face disadvantages. The article highlights how studying the tax code can lead to financial benefits, whereas ignorance results in missed opportunities.
- After the budget
The government secured parliamentary approval for the FY27 budget, which aligns with IMF requirements but lacks meaningful structural reforms. Finance Minister Muhammad Aurangzeb emphasized growth potential under stable energy prices, though the budget perpetuates reliance on consumption, remittances, and real estate, with minimal progress on tax system improvements or export-led growth strategies.
- Brazil’s Own VP Calls Its Tax System a ‘Madhouse’ That Repels Investors
Vice President Geraldo Alckmin, also serving as industry minister, criticized Brazil’s tax system as a 'tax madhouse' that repels foreign investors and exporters. The criticism comes from within the government managing the system.
- How Pakistan stabilised its way into poverty in 21 graphs
Pakistan's Economic Survey highlights a hard-won stabilization in economic conditions but underscores unresolved root issues: an underperforming tax system, uncompetitive exchange rate, flawed industrial policy, and a broken fiscal federalism model. The government achieved back-to-back primary surpluses in FY2024 and FY2025, marking the first such streak in two decades, while inflation has decreased.
- Taxpayers suffer from ‘permafrost’ of allowances frozen for decades
The article highlights that taxpayers are suffering due to tax allowances frozen for decades, with a study urging a comprehensive review of the tax system. Thresholds in the tax system have not been adjusted for inflation over many years.
- More than $5 trillion in US taxes. Who gets it?
The article examines over $5 trillion in US taxes and questions how budget decisions, including war spending and healthcare cuts, affect the public. It highlights the real-world impacts of fiscal policies and challenges who benefits from the current system.