Today’s top Pakistan current affairs 4th October 2021 with download link available in pdf. These are the latest breaking news about Pakistan which will be helpful for aspirants in test preparation of current affairs, Pakistan affairs, General knowledge for NTS, PPSC, CSS, FPSC, KPPSC, SPSC, BPSC, AJKPSC, OTS, PTS, and other Govt Jobs, exams & MDCAT, ECAT Entry test preparation.
Spotlight by The NewsRun
1. COVID-19 IN PAKISTAN
2. Around 700 Pakistanis named in “Pandora Papers”
What’s going on? In a new investigation titled, “Pandora Papers,” the International Consortium of Investigative Journalists (ICIJ) did a deep dive into the offshore holdings of multinational corporations and wealthy individuals around the world. The probe is based on more than 11.9 million confidential files from 14 offshore services firms. The Pandora Papers report is out in the open now, and there are up to 700 Pakistanis named in it.
Go on: The ICIJ said it delved into a “shadowy” financial system that allows multinational corporations and the rich to “avoid taxes” and “shield their wealth.” There is a complex and blurry line between using tax havens (i.e. jurisdictions with low taxes and no residency requirements) legally or illegally. For instance, companies and wealthy individuals can legally stash money they have earned abroad in tax havens to avoid higher taxes in other countries as long as they pay required taxes at home. However, tax havens enter illegal territory when they are used to straight-up hide money from tax authorities at home.
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