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Panama Case - Post Verdict Discussion and Updates

On second thought, how about a darker shade of red at the rear end:rofl:

Fact:



Nov.29,2013
Money whitening: Nawaz unveils amnesty plan for industrialists
638625-pm_addressing_businesscommunitynawazshariftaxbusinessbusinessmenishaqdareconomyphotopid-1385673784.jpg

Govt links exemption from probe to job creation.
By SHAHBAZ RANA
ISLAMABAD:
Prime Minister Nawaz Sharif offered industrialists a rare chance to whiten their black money on Thursday, saying his government would not ask their source of income on a minimum of Rs10 million investment.


Pakistan Muslim League-Nawaz (PML-N) had vehemently opposed a similar amnesty scheme when the previous Pakistan Peoples Party (PPP) government offered it.

It was the third amnesty scheme that the PML-N offered to its traditional voters since the party first came into power.
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Another news outlet recalls the failure of previous amnesty schemes by this government, offered in the name of improving the economy:


January 2016 began with a government New Year gift for tax evaders on payment of ludicrous one percent tax on their black money, and ended with a December present to enterprising citizens who ‘absent-mindedly’ forget to mention real estate holdings in annual tax returns, again with a minimal penalty.


Both schemes still failed to come up to rather buoyant expectations, and the latter was recently overhauled after the property business nearly collapsed.

In fact, a hat-trick of amnesty schemes since 2013, when the ruling PML-N swept into power, has yielded little of note, and wary investors are too savvy to take any chances with a government that froze Foreign Currency Accounts in 1998, after first encouraging their growth and holding out assurances of their secure status.

But it seems no lessons have been leant from past failures, as yet another one-time amnesty scheme to provide legal cover to Pakistanis’ off-shore and other foreign wealth...

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It appears that PMLN government is hyphenated by money whitening schemes that benefit those who accumulated black money and ill gotten wealth.

If this is not Patronage from the top in the name of "one time" but all the time, then what else?

Instead of broadening the extremely narrow tax base, the government lost over 131000 active taxpayers as only 1.261 million people and companies filed their annual income tax returns.

A 10 percent reduction in the tax base during the fifth year of PML-N government while they have kept at launching money laundering amnesty schemes @volatile

The schemes benefit the crooks with no increase in the tax payers net but actually reduction meaning nothing has changed towards the betterment of economic condition of the country.

Why have they launched yet another one time black money amnesty scheme now when FATF crackdown on money launderers looms???

From the Panama leaks POV in layman's terms:
 
Mean while on the other side of picture

http://abbtakk.tv/en/imran-took-advantage-of-tax-amnesty-scheme/
Look who was the biggest beneficiary and now talking ethics

https://en.dailypakistan.com.pk/pak...d-of-benefiting-from-2000-tax-amnesty-scheme/
Imran Khan may have benefited from 2000 Tax Amnesty Scheme
Pakistan
by Ali Zain | Published on May 19, 2016 (Edited May 21, 2016)
ximran-khan-goof-up.jpg.pagespeed.ic.skQqerEyye.webp

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ISLAMABAD (News Desk) – Pakistan Tehreek-e-Insaf chief Imran Khan may have benefited from the 2000 Tax Amnesty Scheme through which he declared ownership of his London flat, according to media reports on Thursday.

According to The News International’s report, Imran Khan began filing his tax returns in Pakistan in 1982 and bought his London flat in 1983.

However, according to his assets declaration documents, the PTI chief did not declare ownership of the flat with the FBR until 2000, when then President Pervez Musharraf announced a tax amnesty scheme. He also failed to declare ownership of the offshore entity named Niazi Services Limited in his tax returns.

Despite benefiting from the tax amnesty scheme in the Musharraf era, Khan has been critical of Tax Amnesty schemes in the past, especially the one launched by the incumbent government this year, which has largely been structured to bring non-tax filing traders into the tax net.

Related: Imran Khan admits he owned offshore company

Furthermore, in his 2001 tax documents, Imran Khan mentioned owning a Rs. 20,00,000 worth flat in London. But, contrary to Khan’s claim, the report said that the flat located in London’s South Kingston area was bought for Rs. 24,38,000.

Responding to the allegations, the legal counsel for Imran Khan, Yousuf Ali Chaudhry, said that Pakistan’s tax law did not necessarily demand citizens to declare their foreign assets before 1999. That is why Imran Khan was fully justified to mention only Pakistani assets in his tax returns.

However, he declared the ownership of his London flat in 2001, after then government amended the tax laws, he said.
 
Mean while on the other side of picture

http://abbtakk.tv/en/imran-took-advantage-of-tax-amnesty-scheme/
Look who was the biggest beneficiary and now talking ethics

https://en.dailypakistan.com.pk/pak...d-of-benefiting-from-2000-tax-amnesty-scheme/
Imran Khan may have benefited from 2000 Tax Amnesty Scheme
Pakistan
by Ali Zain | Published on May 19, 2016 (Edited May 21, 2016)
ximran-khan-goof-up.jpg.pagespeed.ic.skQqerEyye.webp

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ISLAMABAD (News Desk) – Pakistan Tehreek-e-Insaf chief Imran Khan may have benefited from the 2000 Tax Amnesty Scheme through which he declared ownership of his London flat, according to media reports on Thursday.

According to The News International’s report, Imran Khan began filing his tax returns in Pakistan in 1982 and bought his London flat in 1983.

However, according to his assets declaration documents, the PTI chief did not declare ownership of the flat with the FBR until 2000, when then President Pervez Musharraf announced a tax amnesty scheme. He also failed to declare ownership of the offshore entity named Niazi Services Limited in his tax returns.

Despite benefiting from the tax amnesty scheme in the Musharraf era, Khan has been critical of Tax Amnesty schemes in the past, especially the one launched by the incumbent government this year, which has largely been structured to bring non-tax filing traders into the tax net.

Related: Imran Khan admits he owned offshore company

Furthermore, in his 2001 tax documents, Imran Khan mentioned owning a Rs. 20,00,000 worth flat in London. But, contrary to Khan’s claim, the report said that the flat located in London’s South Kingston area was bought for Rs. 24,38,000.

Responding to the allegations, the legal counsel for Imran Khan, Yousuf Ali Chaudhry, said that Pakistan’s tax law did not necessarily demand citizens to declare their foreign assets before 1999. That is why Imran Khan was fully justified to mention only Pakistani assets in his tax returns.

However, he declared the ownership of his London flat in 2001, after then government amended the tax laws, he said.
And Whataboutism again...:rofl:

What kind of economic expert are you dear?

IK was a cricketer who bought his flat with white money he made playing cricket abroad in England and Australia completely legally.

What kind of self proclaimed economic expert can draw a parallel between illegitimate assets and a legal property?

He never money laundered or amassed illegal wealth but declared his property according to the law when he got the chance to declare it.

The issue is ill gotten assets or illegal wealth, money laundering and inability to come up with source of funds or money trail, my ignoramus friend.:haha:
 
I was wondering. No tooi party supporters mentions the GT road march! I wonder why?
 
And Whataboutism again...:rofl:

What kind of economic expert are you dear?

IK was a cricketer who bought his flat with white money he made playing cricket abroad in England and Australia completely legally.

What kind of self proclaimed economic expert can draw a parallel between illegitimate assets and a legal property?

He never money laundered or amassed illegal wealth but declared his property according to the law when he got the chance to declare it.

The issue is ill gotten assets or illegal wealth, money laundering and inability to come up with source of funds or money trail, my ignoramus friend.:haha:
Yes indeed poor fellow had every thing made up from hard earned cricket :)
 
Dont mind me may i know your age so i can propose my answer accordingly

I has suspicious about your sources but thanks for making my life easier basically i understood which school of thought .Any ways you are free to continue and follow your dreams but in the end waking up will tell you what happens as i have seen 2 Martial Laws / promises of corruption free Pakistan too often ,Cheers and enjoy the show
Why does age matters to you ?
 
Mean while on the other side of picture

http://abbtakk.tv/en/imran-took-advantage-of-tax-amnesty-scheme/
Look who was the biggest beneficiary and now talking ethics

https://en.dailypakistan.com.pk/pak...d-of-benefiting-from-2000-tax-amnesty-scheme/
Imran Khan may have benefited from 2000 Tax Amnesty Scheme
Pakistan
by Ali Zain | Published on May 19, 2016 (Edited May 21, 2016)
ximran-khan-goof-up.jpg.pagespeed.ic.skQqerEyye.webp

Facebook
Twitter
Reddit
ISLAMABAD (News Desk) – Pakistan Tehreek-e-Insaf chief Imran Khan may have benefited from the 2000 Tax Amnesty Scheme through which he declared ownership of his London flat, according to media reports on Thursday.

According to The News International’s report, Imran Khan began filing his tax returns in Pakistan in 1982 and bought his London flat in 1983.

However, according to his assets declaration documents, the PTI chief did not declare ownership of the flat with the FBR until 2000, when then President Pervez Musharraf announced a tax amnesty scheme. He also failed to declare ownership of the offshore entity named Niazi Services Limited in his tax returns.

Despite benefiting from the tax amnesty scheme in the Musharraf era, Khan has been critical of Tax Amnesty schemes in the past, especially the one launched by the incumbent government this year, which has largely been structured to bring non-tax filing traders into the tax net.

Related: Imran Khan admits he owned offshore company

Furthermore, in his 2001 tax documents, Imran Khan mentioned owning a Rs. 20,00,000 worth flat in London. But, contrary to Khan’s claim, the report said that the flat located in London’s South Kingston area was bought for Rs. 24,38,000.

Responding to the allegations, the legal counsel for Imran Khan, Yousuf Ali Chaudhry, said that Pakistan’s tax law did not necessarily demand citizens to declare their foreign assets before 1999. That is why Imran Khan was fully justified to mention only Pakistani assets in his tax returns.

However, he declared the ownership of his London flat in 2001, after then government amended the tax laws, he said.
Again this bull shit ... So do you find anyone of us defending IK ? Mate we are follower of justice and if IK is doing somwthing against law and rule of justice then grab f from his b**ls and hang him we dont mind ... Infact we are fighting for such a system where everyone is answereable but unfortunatley goons like you are protecting status quo ... By the way there are loy of evidence of financial mismanagement ... Do you want a debate with me ?

He can only talk to teens. Any older age group doesn't understand his rants.
Agreed ... Uptill now he is talking just shit ... Firing in the air not a single solid fact based statement ... He is trying to be a financial hot shot but in reality he is supporter of a traitor nothing else
 
Again this bull shit ... So do you find anyone of us defending IK ? Mate we are follower of justice and if IK is doing somwthing against law and rule of justice then grab f from his b**ls and hang him we dont mind ... Infact we are fighting for such a system where everyone is answereable but unfortunatley goons like you are protecting status quo ... By the way there are loy of evidence of financial mismanagement ... Do you want a debate with me ?
your post seems personal rather than on facts so far i see great passion but missing rationalities ,the rule of law is all bull crap its always being Nazriya Zaroorat ,I can still remmember the same Tan Tum run by NS supporters when he was doing to BB ,and circle goes on and on .
 
Yes indeed poor fellow had every thing made up from hard earned cricket :)
Is that suppose to mean something, lol, :rofl: other than showing your brain cycles:crazy: If IK made the purchase of his flat with ill gotten money then put him in jail, lol.

Nice try at diverting the answer to your demand of facts:
Instead of broadening the extremely narrow tax base, the government lost over 131000 active taxpayers as only 1.261 million people and companies filed their annual income tax returns.

A 10 percent reduction in the tax base during the fifth year of PML-N government while they have kept at launching money laundering amnesty schemes in the name of broadening tax base@volatile

The schemes benefit the crooks with no increase in the tax payers net but actually reduction meaning nothing has changed towards the betterment of economic condition of the country.

Why have they launched yet another one time black money amnesty scheme now when FATF crackdown on money launderers looms???

From the Panama leaks POV in layman's terms:
 
your post seems personal rather than on facts so far i see great passion but missing rationalities ,the rule of law is all bull crap its always being Nazriya Zaroorat ,I can still remmember the same Tan Tum run by NS supporters when he was doing to BB ,and circle goes on and on .

So then why are you posting here ? If you have lost hope on Pakistan than just get lost as we will keep on fighting against the injustice ...

Hopeless people like you are equally guilty like the corrupt ... If you are not fighting against the corruption atleast do not stop peoplw who are ...

Regarding personal comment ... It is a reaction of you comments on shane brother ... You tried to pretend like he has no financial knowledge but now you are talking to financial peofessional ... I was waiting for a somw arguments from your side but rather you came with a lame personnal comment .. what is your age ... Lolz
 
Meanwhile, @Tameem is lurking around waiting for Geo thug reporters to twist feed another hilarity in the name of cross questioning Wajid Zia:

Kh.Harris: Are these documents provided by Defence?

Wajid Zia: Yes, they are.

Geo thug tweets: Wajid Zia agrees with the defense lawyer arguments.

Kh.Harris: Do you know who among the accused had stamped the fake notary seal of 2007 right on top of another of 2015? Can you prove who did it?

Wajid Zia: No I don't know the name or prove who did it.

Wajid Zia bemused: But Sharifs submitted these docs themselves in SCP!
Kh.Harris fuming: Thats not the point, only answer what you are asked.
(laughter in court...:rofl:)

Geo thug tweets: "Wajid Zia unable to prove any forgery or answer the defense lawyer."

Geo Tv Headlines: Wajid Zia speechless against the barrage of Kh.Harris questions.

Mian day naray rding rdang rding rdang rding.

@El Sidd Sada leader Nawaz Sharif!

images (7).jpg

images (10).jpg


:pop:And the defense lawyer mints away more and more while Geo gets ads in the millions with each passing day, both assuring their SHER that they are wining...:pop:
 
Meanwhile, @Tameem is lurking around waiting for Geo thug reporters to twist feed another hilarity in the name of cross questioning Wajid Zia:

Kh.Harris: Are these documents provided by Defence?

Wajid Zia: Yes, they are.

Geo thug tweets: Wajid Zia agrees with the defense lawyer arguments.

Kh.Harris: Do you know who among the accused had stamped the fake notary seal of 2007 right on top of another of 2015? Can you prove who did it?

Wajid Zia: No I don't know the name or prove who did it.

Wajid Zia bemused: But Sharifs submitted these docs themselves in SCP!
Kh.Harris fuming: Thats not the point, only answer what you are asked.
(laughter in court...:rofl:)

Geo thug tweets: "Wajid Zia unable to prove any forgery or answer the defense lawyer."

Geo Tv Headlines: Wajid Zia speechless against the barrage of Kh.Harris questions.

Mian day naray rding rdang rding rdang rding.

@El Sidd Sada leader Nawaz Sharif!

View attachment 464591
View attachment 464590

:pop:And the defense lawyer mints away more and more while Geo gets ads in the millions with each passing day, both assuring their SHER that they are wining...:pop:

Apko kia hai

Aap kaun hote ho kuch sabit karne wale.

Miyaaan Saab Qadam barhao poora tabbar saath hai
 

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