FBR cases

Thursday, 12 Aug, 2010

ACCORDING to a news item, the Federal Bureau Revenue has decided to reopen cases in which taxpayers have not declared the full value of their assets. Will the FBR also take notice of those undeclared assets acquired by Pakistanis in foreign countries?

I am referring to a chateau in France and the luxury apartments in the UK owned by people who are known to have paid very small amounts as income tax and who did not declare these assets to the authorities concerned (although they are required to do so under the law).

DAWN, 12 Aug, 2010