Imad.Khan
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Case not opened for recovery of 22 Million USD plus back dated tax on property
http://tribune.com.pk/story/997730/london-hotel-sbp-denies-giving-go-ahead-for-75m-investment/
Muhammad Mansha had purchased the hotel in 2012 for $75 million USD (Nishat group)
Was taxes paid on this $75, 000,000 USD during tax year ?
@30% Tax level this money equals to about 22 Million USD
Is income from that Hotel being recorded and taxes paid Year 2012, 2013, 2014, 2015, 2016
This is 73 Million plus 22 Million = 96 Million dollar right there !!
I have limited financial knowledge, but why would some need to pay a 30% tax on a purchase price or why would there be a tax on someones bank balance. I thought you only have to pay tax on your income