MCM301 Assignment No 1 Solution Fall 2019

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

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 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:

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 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.

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