*ISLAMABAD:* Another tax amnesty scheme is in offing by the federalgovernment despite the fact that five amnesty schemes announced by twoelected governments previously failed to yield desired results.
The amnesty scheme is aimed to whiten the black money before September 30,2018, because under the Organization for Economic Cooperation andDevelopment (OECD) agreement, the Federal Board of Revenue (FBR) will getdetails of every Pakistani who has opened bank accounts before December 31,2017, in 104 countries including Switzerland, Pakistan today has reported.
Sources said that the business community is pushing the government toannounce the scheme as early as possible; however, the incumbent governmentwants to take approval from the Parliament this time.
An official source confirmed that the real purpose of introducing thisscheme is to escape from the post-election scenario in which if the presentgovernment fails then the problems will increase for those businessmen andpoliticians who have made investments abroad.
The sources also claim that some government top officials have beentransferring money to UAE recently from Pakistan through some blue-eyedbureaucrats because their tax laws suit them. Furthermore, the FederalInvestigation Agency (FIA) is also investigating the cases involving realestate, but the authorities were not cooperating with them.
The tax department officials said that they were opposing the move, but ifthe government goes on to announce the scheme then they would be bound toobey.