KUALA LUMPUR, Nov 2 — Deputy Finance Minister Yamani Hafez Musa today said the company linked to him in the Pandora Papers exposé is dormant and he does not receive any funds from it.
“I am not sure with the numbers mentioned. I would like to take the opportunity to explain the matter as I am one of those who were named in the Pandora Papers. Hassan originally asked about whether the government is considering implementing a Capital Gains Tax as well as Inheritance Tax to increase the government’s revenue. He also asked about the Pandora Papers exposé, which claimed that some 1,500 Malaysians brought about RM 1.8 trillion to offshore financial centres.
Documents show that his father, former Sabah chief minister Tan Sri Musa Aman, took over as sole director in 2015.
Source: News Formal (newsformal.com)
Malaysia ranks no.1 for illicit outflows per capita and no. 5 in total. From 2005 - 2014, a total RM1.8 trillion was moved to offshore accounts to run tax. The offenders include: Daim Zainuddin, Zafrul Aziz, Ahmad Zahid Hamidi, Yamani Hafez Musa, and a lot more.
I thought all MPs had to, by convention, declare their assets and liabilities so, if they did so, how did the MACC and RMP fail to discover offshore investments and money accounts? The greater question is why is there no investigation for possible tax evasion by the IRB?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Postgrads shine with research papersTwo postgraduates from the UCSI University Graduate Business School (GBS) were recently commended for their top-quality research papers.
Source: staronline - 🏆 4. / 75 Read more »
Over 3,700 investigation papers involving drugs or poisons opened by Perak police in first nine months of the yearIPOH: A total of 3,777 investigation papers have been opened by Perak police under the Dangerous Drugs Act and Poisons Act from January to September this year.
Source: staronline - 🏆 4. / 75 Read more »
North Macedonia’s prime minister resigns | Malay MailPRISTINA, Nov 1 — North Macedonia’s Prime Minister Zoran Zaev resigned yesterday after his party lost the second round of mayoral elections in several towns in the country, including the capital Skopje. “I take responsibility for these developments. I resign from the post of prime minister...
Source: malaymail - 🏆 1. / 86 Read more »
Iran says Biden can issue ‘executive order’ if serious about returning to nuclear pact | Malay MailDUBAI, Oct 31 — Iran’s foreign minister said today that if the United States was serious about rejoining Tehran’s 2015 nuclear deal with world powers, President Joe Biden could just issue an “executive order”, the state-owned Iran newspaper reported. The accord, under which Iran curtailed...
Source: malaymail - 🏆 1. / 86 Read more »
Needle-free vaccine patches coming soon, say researches and makers | Malay MailPITTSBURG, Oct 30 ― Effective vaccines, without a needle: Since the start of the Covid pandemic, researchers have doubled down on efforts to create patches that deliver life-saving drugs painlessly to the skin, a development that could revolutionise medicine. The technique could help save...
Source: malaymail - 🏆 1. / 86 Read more »
Newcastle caretaker Jones says struggling side needs fresh face | Malay MailLONDON, Oct 31 — Newcastle United interim boss Graeme Jones believes the Premier League club are locked in a relegation battle and called on the team’s new owners to bring in a permanent manager who can breathe life into their campaign. Jones took temporary charge after Steve Bruce left by...
Source: malaymail - 🏆 1. / 86 Read more »