Retrieving untaxed/ill-gotten assets — II
A breakthrough was made by media showing that investment in Dubai alone by Pakistanis during the past 10 years was in billions, yet instead of taking actions against the offenders,…
Retrieving untaxed/ill-gotten assets — I
In the Supreme Court of Pakistan, Suo Motu Case No. 2 of 2018 re ‘Maintaining of Foreign Accounts by Pakistani Citizens Without Disclosing the Same/Paying Taxes’, is still pending for…
Foreign assets outside Pakistan of Pakistani residents
Misinterpretation of law There were the Panama Leaks in 2017 followed by the Paradise Leaks and Pandora Leaks. Now there is a Swiss Leak relating to foreign assets held in…
What constitutes disclosure of assets?
In continuation of the article published on the aforesaid subject on November 30, 2017, which dealt with the subject of right of taxation, deliberation ended on the subject of 'incorporation…
Undisclosed income/assets: Time limitation and right of taxation
The Panama Leaks and the Paradise Papers have identified many cases where offshore companies/assets have not been declared/disclosed in Pakistan tax records by persons who were required to do so…
Undisclosed income/assets: Time limitation and right of taxation
The Panama Leaks and the Paradise Papers have identified many cases where offshore companies/assets have not been declared/disclosed in Pakistan tax records by persons who were required to do so…
Offshore income and assets of Pakistanis and the Finance Bill 2018: End of tax exemption regime – II
A new regime for Pakistan Assets owned by non-resident companies Redefining Pakistan Source Income for Alienation of Assets held by Non-Resident Companies Newly inserted Section 101A has effectively prescribed a…
Offshore assets
This article is in continuation of the articles written by me on the matter earlier. A constructive debate has started about the Offshore Asset of Pakistanis in the post 'Panama…
Offshore assets Solution and recommendations – V
In my first article on the subject the 'Panama Leaks - A blessing in disguise' published in Business Recorder on April 25, 2015, it was observed that notwithstanding all other…
Combating untaxed money
On this Independence Day, the nation must unite and force the rulers for crack down on tax evaders. Our rulers and tax officials, corrupt and inefficient, go after small fry…
