£13tn: hoard hidden from taxman by global elite
• Study estimates staggering size of offshore economy
• Private banks help wealthiest to move cash into havens
A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network. ….
Read more » guardian.co.uk
Via – Twitter
Abid sher Ali showed documents on “off the Record with Kashif Abbasi” 13/10/2011 that MQM transfered Rs20 Billion to the UK stolen from the funds. He said he is going to register a case in NAB as soon as NAB Chairman is appointed and NAB start to function again.
He also accused MQM to provide accountability of Rs 3 trillion Musharraf gave to MQM during his period for the uplift and development of Karachi. This is a serious amount of money. No wonder the first two conditions MQM placed to the Government when the re-join are:
1- Implementation of Nazim system in Karachi and Hyderabad.
2- No Audit of the Funds given in the past. ….
http://www.youtube.com/watch?feature=player_embedded&v=eIBenc5W2pU
Courtesy: ARY News Tv (Off The Record with Kashif Abbasi, 13th October 2011)
Source → http://www.siasat.pk/forum/showthread.php?84020-MQM-moved-Rs.-20-Billion-to-UK-Abid-Ali-Sher
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