For the record, Imran Khan dodged taxes too using offshore firm: German journalist

0
73
For the record, Imran Khan dodged taxes too using offshore firm: German journalist
For the record, Imran Khan dodged taxes too using offshore firm: German journalist

Frederik Obermaier,  a German investigative journalist and one of the reporters who unearthed the Panama Papers scandal, has pointed out that Pakistan Tehreek-e-Insaf chief Imran Khan too had avoided paying taxes to the UK using an offshore firm.

The tweet comes in the wake of the Supreme Court deposing prime minister Nawaz Sharif following a probe into his family’s offshore assets that surfaces in the Panama Papers.

SC cannot disqualify Imran Khan for submitting false declaration: CJP

The court disqualified Sharif from holding a public office for hiding assets in his nomination papers for the 2013 general elections.

The court is also hearing a petition against Imran Khan seeking his disqualification alleging non-disclosure of assets, ownership of offshore companies and receipt of foreign funds for the party.

The PTI chief informed the apex court that he had started earning money abroad when he started playing cricket during his days as an undergraduate student at Oxford University, England.

He was later selected to play for Pakistan along with Worcestershire from 1971. He had played for Sussex County from 1977 to 1988. All the payments Imran received had income tax deducted from them at source, the statement reads.

He further informed the court that he had to spend his days outside Pakistan to fulfil his commitment to Sussex Country Cricket and to participate in other international cricketing events between 1977 and 1988. As he was a “non-resident, the Pakistani income tax law did not apply to him”.

SC seeks money trail of Imran’s London flat

He also played for the Kerry Packer series, a cricket competition, between 1977 and 1979, for $25,000 per year. Besides his earning, there were also the airfare, boarding, lodging costs and prize money.

Imran submitted that he had played in Australia for New South Wales between 1984 and 1985, earning Australian $50,000. In 1984, he had mortgaged a one-bedroom apartment in London through Royal Trust in the name of Niazi Services Limited.

 

The post For the record, Imran Khan dodged taxes too using offshore firm: German journalist appeared first on The Express Tribune.

Advertisment

Originally Posted on Tribune

LEAVE A REPLY

Please enter your comment!
Please enter your name here