ss_blog_claim=3510ec437e8a6cb27e63a93efe23329c



Tax evasion

Sir: According to a news item, the Federal Board of Revenue (FBR) has launched a probe against two property investors. Despite having no known source of income, the mother and son spent Rs 920 million to buy a big plot in Islamabad. This immediately makes one suspect that the two must own many other properties either in their own names or those of their near and dear ones (a common practice among those who do not have “white” money). The National Accountability Bureau should immediately investigate this case, freeze their bank accounts and seize all their properties and other assets. NAB should also investigate all major property deals like this one and take action against those who cannot explain their sources of income. Obviously, no ordinary person can amass such huge amounts of money without tax evasion and the involvement of tax officials. No wonder such people are able to buy properties without being noticed and brought into the tax net by the FBR!

Shakir Lakhani
Karachi
Printed in Daily Times, November 3, 2015
http://www.dailytimes.com.pk/letters/03-Nov-2015/tax-evasion

0 comments
ss_blog_claim=3510ec437e8a6cb27e63a93efe23329c