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Asif Ali Zardari to appear before FBR in car tax evasion case on April 10

It approved his request to postpone his appearance

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March 27, 2019

 

The FBR has obtained details of 150,000 foreign accounts owned by Pakistanis

It told the NA Standing Committee on Finance that notices are being issued

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March 14, 2019

 

Your next mobile phone may be cheaper if it falls in the right tax slab

New duty structure makes some phones cheaper, others expensive

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March 12, 2019

 

FBR gets its hands on lists of bank accounts owned by Pakistanis in 26 countries

It is going after undeclared assets abroad and may freeze the accounts

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January 25, 2019

 

Ronaldo returns to Madrid for tax evasion case

Portuguese football superstar could be fined €18.8 million for the offence

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January 22, 2019

 

Spanish prosecutors charge music star Shakira with tax evasion

She has denied the charges

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December 17, 2018

 

Pakistan government to use Big Data and AI to find tax evaders

If done right, this will help widen the tax net in Pakistan and make tax auditors faster and more efficient

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October 8, 2018

 

Cristiano Ronaldo fined $3.7 million in tax evasion case

Cristiano Ronaldo will be fined 3.2 million euros ($3.7 million)and sentenced to 24 months in prison, a sentence he is unlikely to serve, after settling a tax evasion case with Spanish tax authorities, the prosecutor said on Friday.

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July 28, 2018

 

Paradise Papers: Huge offshore data leak reveals financial secrets of global elites

It’s called the Paradise Papers: the latest in a series of leaks made public by the International Consortium of Investigative Journalists shedding light on the trillions of dollars that move through offshore tax havens. The core of the leak, totaling more than 13.4 million documents, focuses on the Bermudan law firm Appleby, a 119-year old…

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November 5, 2017

 

Panama Papers-style leak coming soon: ICIJ

WASHINGTON: International Consortium of Investigative Journalists (ICIJ) is bracing itself for what may be another Panama Papers-style leak. The disclosures involving corruption and tax evasion scandals are likely soon, Samaa reported Sunday. “Are you ready for our next project? Make sure you’ve signed up to get our news alerts,” the ICIJ said on Twitter. Are…

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November 5, 2017

 

LHC stops FBR to take coercive measures against Rahat Fateh Ali

LAHORE: Lahore High Court (LHC) on Wednesday stopped the Federal Board of Revenue (FBR) from taking any coercive measures against singer Rahat Fateh Ali Khan over alleged tax evasion charges. However, the court directed the petitioner-singer to approach the concerned forum to avail first remedy. Justice Shahid Jamil of the LHC passed the orders while…

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November 1, 2017

 

FBR freezes Noor’s bank account

LAHORE: Federal Board of Revenue froze the bank account of Pakistani celebrity Noor over tax-evasion.   According to FBR officials, Noor did not pay did not pay taxes worth Rs. 1.4 million for the year 2015. FBR carried out a raid in a branch of a bank, located at defence area, and recovered Rs. 1,60,000…

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October 27, 2017

 

FBR to seize properties of Noor, Saba Qamar

Federal Board of Revenue (FBR) announced that it will seize the properties of actresses Saba Qamar and Noor over not paying taxes. FBR stated that the actresses are tax defaulters. The revenue board stated that Noor is a defaulter of Rs. 1.4 million while Saba Qamar is a defaulter of Rs. 3.2 million. However, talking…

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September 8, 2017

 

Ronaldo appears in court over tax evasion claims

MADRID: Football megastar Cristiano Ronaldo appeared in court near Madrid on Monday accused of evading millions of euros in taxes, the latest player to fall foul of Spain’s taxman. The 32-year-old entered the court in Pozuelo de Alarcon, a wealthy suburb of Madrid where he lives, in a car with tainted windows via an underground…

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July 31, 2017

 

PAC recommends blocking NIC, passport of tax defaulters

ISLAMABAD: The Public Accounts Committee recommended on Wednesday that the passport and National Identity Card (NIC) tax defaulters be blocked. According to details, the FBR briefed the Public Accounts Committee (PAC) that there were tax cases amounting to more than Rs 300 billion pending in courts. Chairman FBR requested for assistance through legislation with regard…

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April 26, 2017

 

Sania Mirza lashes out at Indian media

A day after Sania Mirza denied service tax evasion in response to notices last week issued by the Central Board of Excise and Customs, the Indian tennis ace came down heavily on a section of the media for choosing to focus on negative news rather than her entry into the semi-finals in the ongoing Qatar…

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February 18, 2017

 

Panama Papers database on shell companies goes online

WASHINGTON: The public gained its first access to the Panama Papers records of over 200,000 secret offshore companies Monday when the International Consortium of Investigative Journalists put a searchable database up online. The database, built on just a portion of the 11.5 million documents leaked from the Panama law firm Mossack Fonseca, reveals more than…

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May 10, 2016

 

Panama Papers source ‘John Doe’ breaks silence

PANAMA: The anonymous source behind the leak of the Panama Papers, which have put spotlight on tax havens of wealthy people, has broken the silence, offering to help law authorities make prosecutions in return for immunity, BBC reported. In a 1,800-word statement on Friday, “John Doe” reveals he has never worked for a spy agency…

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May 7, 2016

 

White House to crack down on shell companies in US

WASHINGTON: The United States announced measures Thursday to crack down on the use of shell companies inside this country that can be used for tax evasion and money laundering. The White House said it would close loopholes that allow foreigners to open anonymous US-incorporated companies, and advance legislation requiring banks, brokers and other financial institutions…

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May 6, 2016

 

Panama Papers claim new victim as Spain minister quits

MADRID: The worldwide “Panama Papers” scandal claimed a fresh political victim Friday as Spain’s industry minister resigned over allegations he had links to offshore companies. Jose Manuel Soria said he had tendered his resignation “in light of the succession of mistakes committed along the past few days, relating to my explanations over my business activities……

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April 16, 2016

 

Panama Papers reveal spies used Mossak Fonseca

BERLIN: Secret agents from several countries, including intermediaries of the CIA, have used the services of Panamanian law firm Mossack Fonseca in order to “conceal” their activities, German newspaper Sueddeutsche Zeitung reported Tuesday. “Secret agents and their informants have made wide use of the company’s services,” wrote the newspaper, which obtained a massive stash of…

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April 12, 2016

 
 
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