Question# 1
Considering the chronological pattern of writing body of a speech, write three paragraphs on the topic “Naya Pakistan”.
Solution:
Topic: “Naya Pakistan”
Thesis: Khan ensure good governance
• The word “Naya Pakistan”was introduce by Pakistan Tehreek-e-Insaf(PTI) chairman Imran Khan and it gave a new hope to people.Khan only needs to ensure good governance in country to make his dream of a new Pakistan a reality.
• Between 2009-11 a massive image building campaign run to boost the image of Imran khan as a hope for Pakistan. In 2011 October he manage a mammoth gathering special challenge to Nawaz Sharif and PML-N.Bythe time election were held in 2013 PTI was still in strength but not enough powerful to displace PML-N With a heavy majority. The dharna of august 2014 almost brought the government down. On the bias of performance PML-N think that they would win the next election but it was not done and on 25 July 2018 the victory of Imran Khan were widely covered by international media.
• Yes, “Naya Pakistan” is perhaps the dream of every Pakistani particularly of those who are below 30; Khan made many promises for good governance especially for young Pakistanis. No doubt his performance in politics is as bold as in cricket ground. After the panama verdict, he proves his political position. People fall more in love with his idea when they listen his speeches .Right now every third person supporting this idea they only support it because they are tried 0f corrupts politicians, injustice and terrorism. So the Imran Khans idea of “Naya Pakistan” is like “A drown man with clutch at a straw” for every supporter of PTI.For every Pakistani, this is not a fight between PML-N and PTI or not in old and new Pakistan it is more like for the sake of the country
Question# 2: Considering the topic “Offshore tax heaven”, collect a one paragraph material from each of the following
Sources of Gathering Material:
· Newspaper
· Journals
· Magazine
Solution:
A tax haven is defined as a country or place with effective rates of taxation they are countries where there is no tax on the profit earned by the companies bases in their jurisdiction the moving of money in and out of account is hustle-free.
Newspaper source:
The newspaper have focused attention on 600 0r so Pakistanis who have set up shell companies in offshore tax havens to manage their wealth and taxes the bulk of these compatriot are legitimate businessman as longer as their sources of income and asset are legal have been declared to authority and any tax due has been paid but what about the roughly four to five million Pakistani who should be filling their tax return and paying income tax but don’t?
Journal sources:
One of the first § Important papers on tax havens, was the 1994 Hines–Rice paper by James R. Hines. It is the most cited paper on tax haven research, even in late 2017, and Hines is the most cited author on tax haven research. As well as offering insights into tax havens, it took the view that the diversity of countries that become tax havens was so great that detailed definitions were inappropriate. Hines merely noted that tax havens were: a group of countries with unusually low tax rates. Hines reaffirmed this approach in a 2009 paper with Dhammika Dharmapala
In December 2008, Dharmapala wrote that the OECD process had removed much of the need to include “bank secrecy” in any definition of a tax haven and that it was now “first and foremost, low or zero corporate tax rates”, and this has become the general “financial dictionary” definition of a tax haven.
Hines refined his definition in 2016 to incorporate research on § Incentives for tax havens on governance, which is broadly accepted in the academic lexicon. Tax havens are typically small, well-governed states that impose low or zero tax rates on foreign investors.
Magazines sources:
According to classical definitions, a tax haven is a country which has a very low taxation or even
No taxation at all. However, tax havens are not all about low or lack of taxation. They are also characterized by high levels of secrecy and the availability of a strong network of financial services that allows users sophisticated strategies for achieving their goals.
From a historical perspective tax havens have a continuously and complex evolution along the time. Gordon Report identifies one of the first “ancestors” of modern tax havens and implicitly tax evasion: Ancient Greece.
In Athens, in order to avoid a custom duty in value of 2% applied by the city on imports and exports of goods, merchants were using nearby islands for storing their goods, which were then illegally introduced in the city
(Gordon, 1981: 21).
Tax havens and money laundering have a long history behind, having as users pirates who acted in the Atlantic Ocean in the seventeenth century. They used to go in certain place, and even to moneylenders that represent for them a way of hiding wealth from plundering merchant ships (Nandra, 2008: 131).
A defining moment for the evolution of tax havens is when the legislation regarding limited liability companies was adopted in England and in its colonies in the nineteenth century.