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Government aims to provide Cover to Panama Papers Heroes aims to provide Cover to Panama Papers Heroes
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ISLAMABAD: Lawmakers of opposition parties have alleged that the government is trying to distract the possible probe into the panama papers finding by proposing an amendment to the Income Tax Ordinance through the Finance Bill 2016-17. PPP’s senator Salim Mandviwalla revealed the government’s trick. Speaking to the media Chairman Senate Standing Committee on Finance Senator Saleem Mandviwalla told that the Finance Bill had proposed an amendment to the Clause 23 of Income Tax Ordinance by granting post facto approval to offshore companies and foreign trust funds for facing any probe. Speaking on the occasion he said, “Now there is no need for a declaration on Terms of Reference (ToRs) among the treasury and opposition benches for probing the PanamaLeaks and even sitting ministers do not know its exact details,” he said. On the other hand Chairman FBR, Nisar Khan, explained that the amendment is mandatory to become a member of OECD global forum for ensuring exchange of information. He told that there was some confusion in the minds of some parliamentarians, as the FBR had proposed amendments only to get the membership of OECD global forum.

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  • Ahmad says :

    2016-06-09 12:49:30

    talking about the probe,well we wont eb able to din anything out since government has its control over all the investigation agencies ..

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