What's new

Imran Khan admits forming offshore company to 'evade British taxes'

Abdul

Abdul

ODI Debutant
Joined
Jul 1, 2015
Runs
9,212
ISLAMABAD/HEATHROW: A day after his party denied that Imran Khan owned a London flat through an offshore company, the Pakistan Tehreek-I-Insaf (PTI) chairman himself admitted he formed an offshore company to buy the London flat in 1983 to evade British taxes.

Speaking to reporters at London Heathrow Airport, Imran said he formed the offshore firm on the advice of his accountant to evade taxes during his playing days to buy a flat in London.

"I was already paying 35 per cent tax on my income there, so to evade further taxes, I bought the flat through an offshore firm, which was my right as I was not a British citizen," Imran told the reporters.

Meanwhile, PTI spokesperson Naeemul Haq also admitted that his party chief had formed a 'legal' offshore company through his earnings from cricket, which owned his London flat.

While speaking on Geo News talkshow 'Naya Pakistan', PTI spokesman Naeemul Haq took back his earlier denial.

"I was Imran Khan's bank manager in London at that time, his accountants formed this company to buy the London flat," said the PTI spokesman.

He added that when the flat was sold, Imran brought the money to Pakistan through Habib Bank.

Answering a question about Imran Khan's tax returns and this offshore firm, Haq said he will "reveal the details to the media on Saturday after talking to Imran Khan's accountant".

Defence Minister Khawaja Asif, while speaking during Geo TV show 'Aaj Shahzeb Khanzada Kay Saath' criticised Imran Khan for repeatedly denying the possession of any offshore firm.

Moreover, prime minister's daughter Maryam Nawaz, through her official Twitter account, termed PTI chief the 'pioneer' of offshore companies.

PPP Senator Aitzaz Ahsan, on the other hand, said that Imran Khan cannot be compared to Hassan Nawaz as his source of income is declared and he is voluntarily presenting himself for accountability.

"We demand accountability for all but as our terms dictate, it should start with prime minister and his family," said the PPP Senator.

In an interview published in The News on Friday, PTI spokesman Naeemul Haq was quoted as saying that Imran Khan himself owned the flat and it was not bought by an offshore company.

The report published in the paper stated that a 'Benami' offshore firm ‘Niazi Services Limited’ owned Imran Khan's flat in South Kensington, London.

According to the paper, the offshore firm was established for 'sporting consultancy' and was active till 2011. The London flat was however sold on March 17, 2003.

When asked why he denied the existence of the offshore company earlier, Haq simply said he forgot.

Imran Khan had severely criticised Prime Minister Nawaz Sharif and his family for owning and benefiting from offshore companies after the ICIJ investigation which led to the release of Panama papers revealing offshore accounts of the rich and mighty across the world.

He, along with other opposition leaders, demanded the prime minister to resign until the issue is investigated and the premier gets a clean chit.

Just two days ago, he told a public rally that the Panama Papers exposed how 'corrupt' our PM was.

http://www.dawn.com/news/1258139
 
xgL4eSV.gif


You were supposed to fight off-shore companies, not join them.


[MENTION=5228]Wasim[/MENTION] [MENTION=24221]insaftak[/MENTION] nay to murghay ki rakhwali hi giddar ko dehdi. :)))
 
Abdul said:
"I was already paying 35 per cent tax on my income there, so to evade further taxes, I bought the flat through an offshore firm, which was my right as I was not a British citizen," Imran told the reporters.
Click to expand...

Then this guy has the audacity to ask british people to vote for Zac Goldsmith when he considers there is nothing immoral in evading taxes from the UK, taxes which go to pay for the treatment and housing of the poor and the needy (disproportionately of Pakistani origin). Not only that but his whole family also used and uses the services provided by UK tax money, including his parents and kids. Hope this immoral monster is never let into Europe again.

How can he expect people to pay taxes in Pakistan when he considers it his right to dodge them in the UK?
Is he not going to fight tax evasion by foreigners and multi-nationals in the UK?

Not only that but it raises the questions that they have been raising hell on the Sharif family owning off-shore companies (without proof of wrong-doing as far as whether the money went abroad legally) so, if the simple ownership of off-shore companies raises investigations on them then why doesn't it on him? After all, the Sharifs are pretending that they earned the money from Saudia, same as he does for the UK.
 
My heart goes to all the British citizens who were donating to Shaukat Khanam all the while Saint Imran was defrauding the NHS and British pensions.

No wonder he was campaigning for Zac Goldsmith, he must get tips from uncle Zac and uncle Cameron on how to screw over the poor.
 
Given the language he uses it appears Imran does not know the difference between tax avoidance and tax evasion. What he did was avoid tax, not evade it.
 
endymion248 said:
xgL4eSV.gif


You were supposed to fight off-shore companies, not join them.


[MENTION=5228]Wasim[/MENTION] [MENTION=24221]insaftak[/MENTION] nay to murghay ki rakhwali hi giddar ko dehdi. :)))
Click to expand...

Well your logic is same as Raisani, degree degree hoti hai asli ho ya jali ho. Offshore offshore hoti hai legal ho ya illegal ho :)
Imran Khan bought a house through offshore company when he was playing cricket, it was done on accountant's advise to legally avoid taxes (He was paying 35% tax in UK so no tax evasion).
Now Imran legally earns money overseas, legally transfers to Pakistan, legally purchases a property in Pakistan and declares it in assets to pay due taxes here.
Compare this to crooks who Noora (and other party supporters) are directly indirectly defending

Always denied they had properties in London.
Admitted only when ICIJ contacted them for clarification.
All siblings had conflicting statements.
No trail of money transferred overseas.
Not declared in Pakistan to evade taxes.
No record of source of funds.

So ONLY thing common is "Offshore" but obviously it's enough for jahil patwaris to celebrate lol. What do you expect from losers who won't even hesitate to launch attack on a successful hospital to save their corruption.
 
endymion248 said:
Then this guy has the audacity to ask british people to vote for Zac Goldsmith when he considers there is nothing immoral in evading taxes from the UK, taxes which go to pay for the treatment and housing of the poor and the needy (disproportionately of Pakistani origin). Not only that but his whole family also used and uses the services provided by UK tax money, including his parents and kids. Hope this immoral monster is never let into Europe again.

How can he expect people to pay taxes in Pakistan when he considers it his right to dodge them in the UK?
Is he not going to fight tax evasion by foreigners and multi-nationals in the UK?

Not only that but it raises the questions that they have been raising hell on the Sharif family owning off-shore companies (without proof of wrong-doing as far as whether the money went abroad legally) so, if the simple ownership of off-shore companies raises investigations on them then why doesn't it on him? After all, the Sharifs are pretending that they earned the money from Saudia, same as he does for the UK.
Click to expand...

Hit the nail on the head, spot on.

Both are charlatans but no surprise given the state of Pak politics these days.
 
endymion248 said:
Legal maybe. Justified never.
Click to expand...

what?? what the hell are you banging on about?

he followed the legal advice of an accountant who informed of him of his legal rights under british law as a foreign citizen. its absolutely, categorically, definitively justified by any possible measure of assessment.

how on earth do you go from that to some bizarrely fanciful conclusion of immorality? the rules he took advantage of because he is allowed to exist today too in the uk, and are continued to be used by foreign investors here. what would be immoral is if he needlessly paid uk taxes at the expense of paying taxes due in a far poorer country in which he is morally obliged to pay them - pakistan.

i really dont understand what kind of thinking leads to the opposite conclusion.

and how on earth can you compare what would be capital gains taxes on far less that 700,000 to a uk real estate portfolio of 500,000,000?? youd have to be insane, or extraordinarily corrupt, to think they are comparable. its very obvious to anyone with more than a brain cell that the issue is not the pedantry of the concept of an offshore company, but gross embezzlement of national funds using them.

do you genuinely think the things you have written about this situation, or is there an agenda you are not honest enough to disclose here?
 
endymion248 said:
My heart goes to all the British citizens who were donating to Shaukat Khanam all the while Saint Imran was defrauding the NHS and British pensions.

No wonder he was campaigning for Zac Goldsmith, he must get tips from uncle Zac and uncle Cameron on how to screw over the poor.
Click to expand...


goodness me. really and honestly, shame on you.

theres an immense amount of good that that hospital has done for countless poor people who otherwise would have had no recourse to treatment; its saved thousands of lives. irrespective of ones political persuasion, how dare you try to bring something like that into disrepute - you have no shame at all.

and defrauding the NHS and british pensions? how? he paid all the taxes he was due to pay, and complied with all laws. so how did he commit fraud? this is a libellous comment.

this post says far more about you, your intelligence and your immorality than it does about imran.

absolutely disgusting.
 
Going by the thread, I can understand why some posters give Imran Khan so much flak! His "bhakts" make it hard not to do so.

Some good points from this thread:

1. Imran Khan seriously needs advisors, tax avoidance is legal but tax evasion is illegal. BUT.. both are unethical and immoral.::maqsood

So dear Bhaktjan: IK is an unethical person no matter the legality of his act here.Yet to prove illegality of Sharriff family. and yet to see IK's legality proof (He has not made his earnings etc. public)

2. Everyone listens to their accountants. Its not like Nawaz Shariff himself created the offshore company, its on the advice of the accountant. Saying it was his accountant who did it makes him an absolute *****.:rp

3. HE forgot about his own company?? :mjHarping about offshore companies like anything. Bringing the country to a stand still and you forgot your own misadventures. :facepalm:
Its like Bill Clinton clearly said," I did not have sex with that woman" ..a few days later followed by... "Oh I forgot, I did . sorry"

The principle argument now with IK now is "those guys were better criminals than me":steyn
 
Last edited:
anakin said:
Going by the thread, I can understand why some posters give Imran Khan so much flak! His "bhakts" make it hard not to do so.

Some good points from this thread:

1. Imran Khan seriously needs advisors, tax avoidance is legal but tax evasion is illegal. BUT.. both are unethical and immoral.::maqsood

So dear Bhaktjan: IK is an unethical person no matter the legality of his act here.Yet to prove illegality of Sharriff family. and yet to see IK's legality proof (He has not made his earnings etc. public)

2. Everyone listens to their accountants. Its not like Nawaz Shariff himself created the offshore company, its on the advice of the accountant. Saying it was his accountant who did it makes him an absolute *****.:rp

3. HE forgot about his own company?? :mjHarping about offshore companies like anything. Bringing the country to a stand still and you forgot your own misadventures. :facepalm:
Its like Bill Clinton clearly said," I did not have sex with that woman" ..a few days later followed by... "Oh I forgot, I did . sorry"

The principle argument now with IK now is "those guys were better criminals than me":steyn
Click to expand...

Absolutely lame argument there but i am not surprised. I am posting following for DELIBRATELY confused people:

Evasion or avoidance
It's important to distinguish tax evasion from tax avoidance. Evasion is a criminal act, and is an attempt to get out of paying legitimate tax owed, while avoidance is using tactics to reduce what may be owed, by means within the law.

Did Imran Khan evade tax? Absolutely NOT, he paid 35% tax on his earned income.

Did Imran Khan legally avoid tax? Yes he did and this is PERFECTLY allowable and EVERYONE (with tax advise) avoids taxes in form form or another. Buying investment properties/Negative gearing is also one of those forms which people use to reduce their taxes and some use other legal options. If these are unethical or morally wrong then almost EVERYONE even in the west are guilty.

Now patwaris & Indians (understandably) are comparing it to pious Nawaz Sharif who is guilty of hiding properties, evading tax, possible corruption, money laundering and MORAL corruption as 3 times PM transfers ALL his legally/illegally earned money in Pakistan to invest overseas.

Most idiotic and illogical comparison here.
 
Avoiding Tax is neither unethical nor immoral. No ones wants to pay tax more than they have to. There is absolutely nothing wrong in that. When Imran Khan bought that flat he was a cricket and bought it from his tax paid money. Anyone who gets a paycheck knows you get tax deducted paycheck, so no way you can evade taxes. He wasn't a Prime Minister, he wasn't a minister, heck he wasn't a politician then. Also he wasn't running a charity organisation, so there is no possibility of stealing from the people. Further he declared about the apartment in his assets

Now coming back to Nawaz Sharif. Offshore companies are registered under his children name and were formed in 1993 and 1994. In 1993 and 1994 they were dependents of Nawaz Sharif and still minor, so obviously question arises why Nawaz Sharif was registering off shore companies? Then later Millions of pounds properties were bought with those off shore companies when Nawaz Sharif had paid only 500 RS as income tax. From where did Nawaz Sharif or his children bought those luxurious apartments? How was money transferred? Why were those apartments never declared? Why his wife and children have been denying all along? If Nawaz Sharif can answer all these questions then fair enough. No issues!

It's amazing how Nooras want to mix apple with oranges but sure if you believe Imran Khan has done something wrong investigate him, thoroughly. Use same TORs to investigate both Imran Khan and Nawaz Sharif. No one is above law. If Imran Khan has done something wrong then put him behind the bars as well. Imran Khan's or anyone's else corruption doesn't immune Nawaz Sharif from accountability.
 
endymion248 said:
My heart goes to all the British citizens who were donating to Shaukat Khanam all the while Saint Imran was defrauding the NHS and British pensions.

No wonder he was campaigning for Zac Goldsmith, he must get tips from uncle Zac and uncle Cameron on how to screw over the poor.
Click to expand...
There's no fraud involved. Using professional advisors familiar with UK tax laws to minimise one's tax liabilities is not fraud as long as no laws are broken. Every company and every individual that uses the services of accountants and professional tax advisors does it so as to ensure they are not paying more than they need to without breaking the law.

We all use professionals in one way or another to ensure we get the best deal possible, whether using the services of solicitors and lawyers to draw up contracts, estate agents to obtain the best price when buying or selling property, architects to draw up plans for house extentions and negotiate with planning officers so as to make best use of planning laws. There's nothing immoral in using the services of professionals in this way as long as no laws are broken, so why make accusations of immorality when the services of finance professionals, such as accountants and professional tax advisors are used in this way?
 
Modi bhakts being Nawaz bhakts as usually lol, not surprised since i heard the other day an Indian analyst saying "We have invested heavily in Nawaz Sharif, now it's a huge set back if he is kicked out". :)

Imran Khan tweeted this and such and such said that, how does this matter when Imran has presented himself for accountability and openly challenged to start investigation with him if people have doubt.

Remember this whole blame game started when our honourable Prime Minister and his entire family was named in PanamaLeaks. Whether offshore companies are legal/illegal is different story, isn't it enough that whole Sharif family had been denying they own any properties? Now they are blaming anything/everything to divert attention and using media houses (paying billions of tax payers money) to create propaganda including fake stories of ICIJ apologising to Nawaz Sharif.
 
Waseem said:
Absolutely lame argument there but i am not surprised. I am posting following for DELIBRATELY confused people:

Evasion or avoidance
It's important to distinguish tax evasion from tax avoidance. Evasion is a criminal act, and is an attempt to get out of paying legitimate tax owed, while avoidance is using tactics to reduce what may be owed, by means within the law.

Did Imran Khan evade tax? Absolutely NOT, he paid 35% tax on his earned income.

Did Imran Khan legally avoid tax? Yes he did and this is PERFECTLY allowable and EVERYONE (with tax advise) avoids taxes in form form or another. Buying investment properties/Negative gearing is also one of those forms which people use to reduce their taxes and some use other legal options. If these are unethical or morally wrong then almost EVERYONE even in the west are guilty.

Now patwaris & Indians (understandably) are comparing it to pious Nawaz Sharif who is guilty of hiding properties, evading tax, possible corruption, money laundering and MORAL corruption as 3 times PM transfers ALL his legally/illegally earned money in Pakistan to invest overseas.

Most idiotic and illogical comparison here.
Click to expand...


1. You have perfectly summed up my point in your post itself, "
The principle argument now with IK now is "those guys were better criminals than me"
Click to expand...


Did anywhere in the post I say IK committed Tax evasion or your Bhakti blinds you from understanding English? The only defense from your argument is " If I stole/evaded a few thousand .. that guy evaded millions"

2. Its a crystal clear fact that "Imran Khan lied" Deny that if you wish!

3. Regarding accountants: I am using PTI's defense statement where they try to divert blame to accountants.
EVERYONE HAS AN ACCOUNTANT! This is the dumbest defensive argument ever presented.

lastly, as an Indian, "Frankly, my dear , I don't give a damn!"
 
Anfield said:
Avoiding Tax is neither unethical nor immoral. No ones wants to pay tax more than they have to. There is absolutely nothing wrong in that. When Imran Khan bought that flat he was a cricket and bought it from his tax paid money. Anyone who gets a paycheck knows you get tax deducted paycheck, so no way you can evade taxes. He wasn't a Prime Minister, he wasn't a minister, heck he wasn't a politician then. Also he wasn't running a charity organisation, so there is no possibility of stealing from the people. Further he declared about the apartment in his assets

Now coming back to Nawaz Sharif. Offshore companies are registered under his children name and were formed in 1993 and 1994. In 1993 and 1994 they were dependents of Nawaz Sharif and still minor, so obviously question arises why Nawaz Sharif was registering off shore companies? Then later Millions of pounds properties were bought with those off shore companies when Nawaz Sharif had paid only 500 RS as income tax. From where did Nawaz Sharif or his children bought those luxurious apartments? How was money transferred? Why were those apartments never declared? Why his wife and children have been denying all along? If Nawaz Sharif can answer all these questions then fair enough. No issues!

It's amazing how Nooras want to mix apple with oranges but sure if you believe Imran Khan has done something wrong investigate him, thoroughly. Use same TORs to investigate both Imran Khan and Nawaz Sharif. No one is above law. If Imran Khan has done something wrong then put him behind the bars as well. Imran Khan's or anyone's else corruption doesn't immune Nawaz Sharif from accountability.
Click to expand...

Read any texts on Taxation bub, Tax avoidance is always described as unethical.

Imran Khan bhakts should just sing this song as their defense, at least we can have some fun along the way. :D

 
Anfield said:
Avoiding Tax is neither unethical nor immoral. No ones wants to pay tax more than they have to. There is absolutely nothing wrong in that. When Imran Khan bought that flat he was a cricket and bought it from his tax paid money. Anyone who gets a paycheck knows you get tax deducted paycheck, so no way you can evade taxes. He wasn't a Prime Minister, he wasn't a minister, heck he wasn't a politician then. Also he wasn't running a charity organisation, so there is no possibility of stealing from the people. Further he declared about the apartment in his assets

Now coming back to Nawaz Sharif. Offshore companies are registered under his children name and were formed in 1993 and 1994. In 1993 and 1994 they were dependents of Nawaz Sharif and still minor, so obviously question arises why Nawaz Sharif was registering off shore companies? Then later Millions of pounds properties were bought with those off shore companies when Nawaz Sharif had paid only 500 RS as income tax. From where did Nawaz Sharif or his children bought those luxurious apartments? How was money transferred? Why were those apartments never declared? Why his wife and children have been denying all along? If Nawaz Sharif can answer all these questions then fair enough. No issues!

It's amazing how Nooras want to mix apple with oranges but sure if you believe Imran Khan has done something wrong investigate him, thoroughly. Use same TORs to investigate both Imran Khan and Nawaz Sharif. No one is above law. If Imran Khan has done something wrong then put him behind the bars as well. Imran Khan's or anyone's else corruption doesn't immune Nawaz Sharif from accountability.
Click to expand...

It would be worth discussion even if it was apple-orange comparison. This is more like a Grape-Watermelon comparison. I wonder how these hypocrites will go to their accountant now and ask for any legal way to avoid tax. I am sure they will think "Oh GOD please forgive me for being morally corrupt" as i am trying to LEGALLY avoid/reduce tax payable.
 
anakin said:
Read any texts on Taxation bub, Tax avoidance is always described as unethical.

Imran Khan bhakts should just sing this song as their defense, at least we can have some fun along the way. :D

Click to expand...

I am a CPA I don't need to read any text. It's not unethical. No one pays more than they have to.
 
Last edited:
Waseem said:
It would be worth discussion even if it was apple-orange comparison. This is more like a Grape-Watermelon comparison. I wonder how these hypocrites will go to their accountant now and ask for any legal way to avoid tax. I am sure they will think "Oh GOD please forgive me for being morally corrupt" as i am trying to LEGALLY avoid/reduce tax payable.
Click to expand...

That's what Imran Khan said :uakmal
 
anakin said:
1. You have perfectly summed up my point in your post itself, "



Did anywhere in the post I say IK committed Tax evasion or your Bhakti blinds you from understanding English? The only defense from your argument is " If I stole/evaded a few thousand .. that guy evaded millions"

2. Its a crystal clear fact that "Imran Khan lied" Deny that if you wish!

3. Regarding accountants: I am using PTI's defense statement where they try to divert blame to accountants.
EVERYONE HAS AN ACCOUNTANT! This is the dumbest defensive argument ever presented.

lastly, as an Indian, "Frankly, my dear , I don't give a damn!"
Click to expand...


Lol blah blah blah blah.... Now we are getting into argument that this world is not a fair place, people legally avoid tax and they shouldn't do it because this could be morally wrong but we ALL do it anyway including myself and almost everyone on this forum. Now we are discussing this in a country where a bloody 3 times PM does everything from money laundering to tax evasion to foreign investment to hiding wealth. Somehow we think both cases fall in same category.
Let me repeat, EACH one of us legally avoid taxes one way or another so don't confuse yourself and others.
 
anakin said:
Do you understand the difference between legal and ethical issues?
Click to expand...

I do you don't. Please educate me how it's unethical? Ethics comes in place when you're holding a public office or working in a profession where you're held at a high standards, Unethical would be an accountant giving an advice on saving taxes based on no chance of being audited.

Imran Khan was an ordinary citizen and all ordinary citizens try to avoid taxes as much as they could. I
 
Waseem said:
It would be worth discussion even if it was apple-orange comparison. This is more like a Grape-Watermelon comparison. I wonder how these hypocrites will go to their accountant now and ask for any legal way to avoid tax. I am sure they will think "Oh GOD please forgive me for being morally corrupt" as i am trying to LEGALLY avoid/reduce tax payable.
Click to expand...

Unbelievable how thick headed people we have on PP.
 
Anfield said:
I am a CPA I don't need to read any text. It's not unethical. No one pays more than they have to.
Click to expand...

Don't assume bro, looks like we have extremely ethical people here who offer to pay more taxes than they are legally obliged to but only problem is after setting such high standards, they defend likes of Sharifs who are ethically/morally/physically/mentally CORRUPT.
 
Lmao.

Now people are saying it's okay if he forgot about it.

He denied it for such a long time.

Although Nooras are going to have a field day on this, but I can't help but just burst into laughter and Imranistas desperately trying to defend their hero.

Love has no bounds, no bounds at all.
 
Dr_Bassim said:
Lmao.

Now people are saying it's okay if he forgot about it.

He denied it for such a long time.

Although Nooras are going to have a field day on this, but I can't help but just burst into laughter and Imranistas desperately trying to defend their hero.

Love has no bounds, no bounds at all.
Click to expand...
Not sure if Dr saab are purposely being ignorant here but what EXACTLY did Imran deny for long time? Everyone was aware of his property, all was declared all along, nothing was hidden and there isn't any reason to hide anything so what exactly did he deny?

I can see people having a field day because their leaders have successfully confused the country that Imran Khan is corrupt, deep down they all know he is anything but corrupt.
 
Who said IK forgot about that off shore company? He don't own it now in fact long before he entered politics he sold his share of company. He was not obliged to tell us or ECP all he had ever owned. He declared his ownership including that flat in london and that is what is important.

Regarding avoidance of inheritance tax of 40% (on buying the property in UK) enough has been said that it was legal practice. For Pakistan it was good that all that money coming from flat was spent in Pakistan and not UK.

PMLN/patweris and the poodle media trying hard to divert attention from NS corruption. Every other day they try to bring into panama fold someone related to PTI (Aleem Khan, JKT, IK Friend, IK neighbour etc) but miserably failing at hiding the crime done be NS and family.
 
Last edited by a moderator:
This attempt by NS/media will bite them back as I am sure IK will show them documentary proofs and then pressurize them to include himself along with NS in investigation. Blessing in disguise these terrible attempts :))
 
Mamoon said:
Lol, Imran followers whimpering and clutching at straws.

This isn't his biggest crime though - lying about his daughter and refusing to give his blood for DNA Test in a U.S. court tops this.

A narcissistic individual who is hypocritical to the bone.

It is a shame that there are people who still believe in him.
Click to expand...

I am not sure you know the role of accountantants but I haven't got all day to explain to a simple Noora the difference between tax avoidance and evasion but to cut a long story short I think time has come for just NS and family and IK and family to be the first for accountability. Do you agree, that if anyone can't prove their sources of wealth or have done anything illegal then firstly they go to jail and then be banned from politics for life.
 
Imran is using the word evasion which makes him seem wrong. However what he did was simple tax avoidance. Just like we use our 80 C sections or people donate to charity to pay lesser taxes. This is both legal and moral
 
zimmz said:
This attempt by NS/media will bite them back as I am sure IK will show them documentary proofs and then pressurize them to include himself along with NS in investigation. Blessing in disguise these terrible attempts :))
Click to expand...

This is EXACTLY IK should do, I tweeted this to Asad Umar and Arif Alvi. This is GREAT opportunity for IK to get these filthy thugs to agree on "Independent foreign forensic audit firm" to investigate both Imran Khan and Sharif family at the same time. Whoever is at wrong should quit politics forever. They know Imran did nothing wrong so a mere press conference is not enough as perception they have created through media will remain there.
 
Last edited:
Yossarian said:
There's no fraud involved. Using professional advisors familiar with UK tax laws to minimise one's tax liabilities is not fraud as long as no laws are broken. Every company and every individual that uses the services of accountants and professional tax advisors does it so as to ensure they are not paying more than they need to without breaking the law.

We all use professionals in one way or another to ensure we get the best deal possible, whether using the services of solicitors and lawyers to draw up contracts, estate agents to obtain the best price when buying or selling property, architects to draw up plans for house extentions and negotiate with planning officers so as to make best use of planning laws. There's nothing immoral in using the services of professionals in this way as long as no laws are broken, so why make accusations of immorality when the services of finance professionals, such as accountants and professional tax advisors are used in this way?
Click to expand...

It's the same accountants and tax advisors who are also responsible for tax evasion so let's not kid ourselves that, because there are professionals behind it, it makes it suddenly moral.

In general, I do consider tax avoidance to be immoral as it basically means using loopholes with the express purpose of diminishing the amount one contributes to social services like healthcare, pension, wellfare etc..., all systems that do more good than any of us will with that money. But off-shore companies introduce another dimension to it because it involves taking money away from where it was produced (and should finance these services) to parasitic fiscal havens involved in stealing taxes from other countries on top of helping criminals hide their ill-gotten money. Anything that would support these fiscal havens is, again, immoral in my opinion. What IK did here (at minimum, there may be other things) was buy a flat through one of these fiscal havens to avoid paying the taxes he would have if he bought it personally, the whole intention of doing this is tax avoidance.

And, legal as it may be, I find it deeply disturbing that person running on helping the poor, fighting the corruption of the rich, building a wellfare state and getting everybody to pay their taxes would be involved in defrauding the taxes due to another country. By the same token, how could he pretend to fight tax avoidance or tax evasion in Pakistan when he himself did it in the UK?
 
Waseem said:
This is EXACTLY IK should do, I tweeted this to Asad Umar and Arif Alvi. This is GREAT opportunity for IK to get these filthy thugs to agree on "Independent foreign forensic audit firm" to investigate both Imran Khan and Sharif family at the same time. Whoever is at wrong should quit politics forever. They know Imran did nothing wrong so a mere press conference is not enough as perception they have created through media will remain there.
Click to expand...

Hope they give credit to Waseem from Twitter if they decide to go with this :)))
 
It isn't a crime but after repeatedly making accusations to the Sharif family,he proved how big a hypocrite and a liar he is.
 
endymion248 said:
It's the same accountants and tax advisors who are also responsible for tax evasion so let's not kid ourselves that, because there are professionals behind it, it makes it suddenly moral.

In general, I do consider tax avoidance to be immoral as it basically means using loopholes with the express purpose of diminishing the amount one contributes to social services like healthcare, pension, wellfare etc..., all systems that do more good than any of us will with that money. But off-shore companies introduce another dimension to it because it involves taking money away from where it was produced (and should finance these services) to parasitic fiscal havens involved in stealing taxes from other countries on top of helping criminals hide their ill-gotten money. Anything that would support these fiscal havens is, again, immoral in my opinion. What IK did here (at minimum, there may be other things) was buy a flat through one of these fiscal havens to avoid paying the taxes he would have if he bought it personally, the whole intention of doing this is tax avoidance.

And, legal as it may be, I find it deeply disturbing that person running on helping the poor, fighting the corruption of the rich, building a wellfare state and getting everybody to pay their taxes would be involved in defrauding the taxes due to another country. By the same token, how could he pretend to fight tax avoidance or tax evasion in Pakistan when he himself did it in the UK?
Click to expand...

Do you pay more tax than you are liable for and if not, why not?
 
Bewal Express said:
So he should pay more tax than he is legally liable for, do you?
Click to expand...

Not using off-shore companies to defraud her majesty's government would be a start. Once he pays the minimum he would have paid on that property had he bought it outright, we can think about paying more than he is liable for.
 
endymion248 said:
Not using off-shore companies to defraud her majesty's government would be a start. Once he pays the minimum he would have paid on that property had he bought it outright, we can think about paying more than he is liable for.
Click to expand...
Do you not think the Inland Revenue would be interested in any defrauding. If he has evaded tax than it needs to an issue for the HM Customs and revenue.He paid all the taxes he was liable for, and you didn't answer my question, do you pay more taxes than you have? If not, why not.
 
Bewal Express said:
Do you not think the Inland Revenue would be interested in any defrauding. If he has evaded tax than it needs to an issue for the HM Customs and revenue.He paid all the taxes he was liable for, and you didn't answer my question, do you pay more taxes than you have? If not, why not.
Click to expand...

He paid all the taxes he was liable after using off-shore companies to decrease what he was liable for. There is no difference with tax evasion except he was deliberate enough to use loopholes to avoid legal repercussions. You know people have lost the moral argument when they use the ''it's not illegal'' excuse.
 
Lol at the Nooras jumping in joy. Almost like a monkey when presented with a ripe banana. The IQ level is quite similar too.

Having an off-shore company is not illegal as long as the money that is transferred to and from that company is done through legal, official means. Even Apple shows that it is registered in the British Isles so that it can avoid paying billions in income tax in the States. Before laughing hysterically a certain poster here should also assess whether he wants to parade around with the next iPhone because it was also financed through "illegal" means. This is what you get when you have people with limited knowledge parading around as if they know everything.

Agar opar likhi baat samaj nahi ayi tou ja ke Pogo dekhein..

Also bringing up issues from somebody's personal life regarding their daughter is lowest of low but you cannot expect any dignity from Nooras like Mamoon. Low class individuals.
 
Last edited by a moderator:
Syed1 said:
Lol at the Nooras jumping in joy. Almost like a monkey when presented with a ripe banana. The IQ level is quite similar too.

Having an off-shore company is not illegal as long as the money that is transferred to and from that company is done through legal, official means. Even Apple shows that it is registered in the British Isles so that it can avoid paying billions in income tax in the States. Before laughing hysterically a certain poster here should also assess whether he wants to parade around with the next iPhone because it was also financed through "illegal" means. This is what you get when you have people with limited knowledge parading around as if they know everything. Ganjo and his off-spring have no proof of those legal means of transfer.

Agar opar likhi baat samaj nahi ayi tou ja ke Pogo dekhein..

Also bringing up issues from somebody's personal life regarding their daughter is lowest of low but you cannot expect any dignity from Nooras like Mamoon. Low class individuals.
Click to expand...

The United States tax income on foreign earnings and they are the only country in the world to do so. It is the completely logical choice for anyone earning a significant amount to give up US citizenship, keep their money in the countries it is earned or, for multi-nationals, to change their registration country.

Not only that but corporations are abstract entities with the sole aim of maximizing profits for their share-holders, it is completely different from actual individuals and, even more so, for holier-than-thou politicians pretending to help the poor and build a wellfare state.
 
endymion248 said:
The United States tax income on foreign earnings and they are the only country in the world to do so. It is the completely logical choice for anyone earning a significant amount to give up US citizenship, keep their money in the countries it is earned or, for multi-nationals, to change their registration country.

Not only that but corporations are abstract entities with the sole aim of maximizing profits for their share-holders, it is completely different from actual individuals and, even more so, for holier-than-thou politicians pretending to help the poor and build a wellfare state.
Click to expand...

IK has never held a public office and he formed the off-shore company while he himself was off-shore from money earned off-shore to buy a flat off-shore and then sold it all and returned the money to Pakistan through legal means.

Compare that to a guy who has been in public office for the last 30 years and who wasn't exactly a billionaire when he took office but soon after he and his off-spring began showering in pots of gold.

Wrap your head around this concept, if you are capable of doing so that is..
 
endymion248 said:
He paid all the taxes he was liable after using off-shore companies to decrease what he was liable for. There is no difference with tax evasion except he was deliberate enough to use loopholes to avoid legal repercussions. You know people have lost the moral argument when they use the ''it's not illegal'' excuse.
Click to expand...

The big difference is that one is legal and is a legitimate part of tax planning used by millions of individuals and companies and the other is a illegal. As far morality goes, what is moral is that you pay the tax that you must pay by law, otherwise anything above is voluntary and to the simple Nooras, that is what we call charity. Maybe you can call NS explain the difference because he like you he is confused and won't explain why he didn't pay the tax, before he took the money abroad.
 
Bewal Express said:
The big difference is that one is legal and is a legitimate part of tax planning used by millions of individuals and companies and the other is a illegal. As far morality goes, what is moral is that you pay the tax that you must pay by law, otherwise anything above is voluntary and to the simple Nooras, that is what we call charity. Maybe you can call NS explain the difference because he like you he is confused and won't explain why he didn't pay the tax, before he took the money abroad.
Click to expand...

No no Noora is a poor guy leave him alone. The guy only paid what 400 ruppees in income tax. Come on man we should all gather some charity and donate it to this poor guy. I wonder how he puts food on the table for his wife and kids :)))
 
No wonder Pakistan is poor, underdeveloped cess-pool of corruption. People not only voted for Noora in huge numbers they are also now vehemently defending his corruption.
 
Syed1 said:
IK has never held a public office and he formed the off-shore company while he himself was off-shore from money earned off-shore to buy a flat off-shore and then sold it all and returned the money to Pakistan through legal means.

Compare that to a guy who has been in public office for the last 30 years and who wasn't exactly a billionaire when he took office but soon after he and his off-spring began showering in pots of gold.

Wrap your head around this concept, if you are capable of doing so that is..
Click to expand...

He used money earned in the UK to form an off-shore company and buy a flat with it (and probably other things too) so that he didn't have to pay taxes on it. And then he has the audacity of asking British Pakistanis to donate money to him or vote for the people he chooses, after defrauding their national services of their rightful taxes. That he brought that money to Pakistan just adds insult to injury in the way he acted like a parasite towards the UK (and still does since his parents used the NHS for treatment and his kids are using all of the UK's services). Morality doesn't have boundaries, you can't be a good person just because you didn't do anything to Pakistan specifically (that we know of, again).

As far as the office thing is concerned, it's not for lack of trying.
 
Bewal Express said:
The big difference is that one is legal and is a legitimate part of tax planning used by millions of individuals and companies and the other is a illegal. As far morality goes, what is moral is that you pay the tax that you must pay by law, otherwise anything above is voluntary and to the simple Nooras, that is what we call charity. Maybe you can call NS explain the difference because he like you he is confused and won't explain why he didn't pay the tax, before he took the money abroad.
Click to expand...

You really don't have any idea what you are talking about, right? IK used a deliberate off-shore scheme that took months (if not years) to take place so that he could avoid paying taxes on his uk flat. Paying those taxes is not charity, it's not more than he owed, he avoided paying what he owed by exploiting loopholes that the common person doesn't exploit. It's on the same level morally as tax evasion.
 
endymion248 said:
He used money earned in the UK to form an off-shore company and buy a flat with it (and probably other things too) so that he didn't have to pay taxes on it. And then he has the audacity of asking British Pakistanis to donate money to him or vote for the people he chooses, after defrauding their national services of their rightful taxes. That he brought that money to Pakistan just adds insult to injury in the way he acted like a parasite towards the UK (and still does since his parents used the NHS for treatment and his kids are using all of the UK's services). Morality doesn't have boundaries, you can't be a good person just because you didn't do anything to Pakistan specifically (that we know of, again).

As far as the office thing is concerned, it's not for lack of trying.
Click to expand...

He should do what Noora does, earn money in Pakistan through corruption and go to the UK to benefit from the NHS. Win-win.


#checkmate :hafeez2

I suggest you get a solid argument son, hard to except rationality from a noora..
 
endymion248 said:
You really don't have any idea what you are talking about, right? IK used a deliberate off-shore scheme that took months (if not years) to take place so that he could avoid paying taxes on his uk flat. Paying those taxes is not charity, it's not more than he owed, he avoided paying what he owed by exploiting loopholes that the common person doesn't exploit. It's on the same level morally as tax evasion.
Click to expand...

Lol Nooras talking about morality when they support Nawaz Sharif. That is like Altaf bhai supporters asking people not to possess illegal arms. :)))

Like I said get better arguments son.
 
Syed1 said:
He should do what Noora does, earn money in Pakistan through corruption and go to the UK to benefit from the NHS. Win-win.


#checkmate :hafeez2

I suggest you get a solid argument son, hard to except rationality from a noora..
Click to expand...

You know Imran Bakhts are in a bind when they have no argument beyond parotting noora noora.
 
endymion248 said:
You know Imran Bakhts are in a bind when they have no argument beyond parotting noora noora.
Click to expand...

Typical response from somebody who has no answer to what I said. You were firing up this thread weren't you till somebody questioned all your logic and now this is what you post.

Thanks for throwing in the towel so early in the game. Saves me the trouble of demolishing you some more.

:hafeez2
 
Syed1 said:
Typical response from somebody who has no answer to what I said. You were firing up this thread weren't you till somebody questioned all your logic and now this is what you post.

Thanks for throwing in the towel so early in the game. Saves me the trouble of demolishing you some more.

:hafeez2
Click to expand...

Only in your echo chamber is parotting noora noora without managing to defend what Imran did seen as anything more than a pathetic attempt to make up for the immorality of your fallen hero.
 
endymion248 said:
Only in your echo chamber is parotting noora noora without managing to defend what Imran did seen as anything more than a pathetic attempt to make up for the immorality of your fallen hero.
Click to expand...

Not my fault that your do not possess the requisite brain power to process everything I posted. Go back and read my posts I answered all of your claims and accusations with logic and once you were facing a dead-end you resorted to crying wolf.


#checkmate :hafeez2
 
Syed1 said:
Not my fault that your do not possess the requisite brain power to process everything I posted. Go back and read my posts I answered all of your claims and accusations with logic and once you were facing a dead-end you resorted to crying wolf.


#checkmate :hafeez2
Click to expand...

Come back here when you actually want to have a constructive debate and not just ''troll'' with stupid hashtags, memes and smileys because you have nothing to say. This is a civilized forum, not a facebook feed for teenagers.
 
Noora logic - IK had offshore company so that means ours is ok - we all thieves case closed!

They must know that IK very soon will provide all evidence of his offshore company leaving them exposed again! why don't they prove all evidence of their offshore companies - I think everyone knows the reason for why they do not! - even Noora fans.
 
I remember when that darbaari Khawaja Asif launched an attack on Shaukat Khanum Hospital claiming they gambled with donation money and lost all the money in illegal investments, quite a few people on this forum agreed with Asif even though Imran had nothing to do with investment decisions, all money was returned but no one apologised for being pathetic liars. It didn't make any difference to donations collected by SKMH but there are plenty of people in Pakistan who have solid belief that Imran spends zakaat money to buy personal properties and has immense wealth all over the world.

The same liars are at it again with brain of PMLN Pervez Rasheed almost calling Imran Kha the most corrupt person in history of Pakistan and same group of people here are jumping up and down again, IK will have to prove ONCE again with documentary evidence that there is nothing in this but there are millions who will believe every lie fed to them.
 
Waseem said:
I remember when that darbaari Khawaja Asif launched an attack on Shaukat Khanum Hospital claiming they gambled with donation money and lost all the money in illegal investments, quite a few people on this forum agreed with Asif even though Imran had nothing to do with investment decisions, all money was returned but no one apologised for being pathetic liars. It didn't make any difference to donations collected by SKMH but there are plenty of people in Pakistan who have solid belief that Imran spends zakaat money to buy personal properties and has immense wealth all over the world.

The same liars are at it again with brain of PMLN Pervez Rasheed almost calling Imran Kha the most corrupt person in history of Pakistan and same group of people here are jumping up and down again, IK will have to prove ONCE again with documentary evidence that there is nothing in this but there are millions who will believe every lie fed to them.
Click to expand...

I was really glad about that revelation as it showed that [MENTION=131701]Mamoon[/MENTION] was wrong in calling Imran ''Taliban Khan''.

What Taliban would be treating people with sood money the donators are unaware of?
 
Now Sharifs are leaking papers of Imran getting plots from Sharifs, now even plots awarded to 1992 winning team are becoming controversial as if land awarded to Shaukat Khanum hospital being controversial wasn't enough. Seriously, Sharifs intiha se zyaada ghatya hain, apni corruption bachaanay k liye woh kisi bhi had tak gir saktay hain.
 
Noora has been absolutely taken to task :-)

I am afraid I knew all the situation yesterday yet I only typed character "BEE-JAMAALO" for the same reason.


Hahahahahahahahahaha Pervez Rasheed Volume 2.0 on here ;-)


# Samajh tou gaey ho ge
 
endymion248 said:
Never seen insafiyaans so rattled, something is really going on...
Click to expand...

Seriously i am so rattled, i have actually been in tears since i heard PMLN senior leader and their brain Pervez Rasheed saying:

Imran Khan bought the flat in UK with donation money he collected for Shaukat Khanum Hospital. :bow::bow::bow:

Imran's mother was still alive till 1985 and he started the donation collection in 1989 but somehow he bought flat with donation money back in 1983 :))):)))

Now this is Pakistan's Information Minister famous for "Middlesex kehnay se wazu toot jata hai" lol, who wouldn't be rattled when they have to deal with this lol
 
You must log in or register to reply here.

Similar threads

Ball Blazer
Former Prime Minister Imran Khan's ex-wife Reham Khan launches new political party
Replies
44
Views
819
Bewal Express
B
The Bald Eagle
Former PM Imran Khan nominated for Nobel Peace prize
2
Replies
93
Views
3K
amax
amax
The Bald Eagle
[VIDEO] 'My sons were quite worried': Jemima Khan and her sons voice fear regarding safety of former PM Imran Khan
2
Replies
92
Views
2K
Cricket Warrior
Cricket Warrior
R
British Bangladeshi MP Tulip Siddiq - smear campaign or not?
Replies
3
Views
159
Cpt. Rishwat
Cpt. Rishwat
FearlessRoar
[VIDEOS] Attack at Turkish aviation company causes deaths, says minister
Replies
16
Views
34K
Bhaijaan
Bhaijaan
Back
Top