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