KUALA LUMPUR, Nov 2 — Deputy Finance Minister Yamani Hafez Musa today said the company linked to him in the Pandora Papers exposé is dormant and he does not receive any funds from it.
“I am not sure with the numbers mentioned. I would like to take the opportunity to explain the matter as I am one of those who were named in the Pandora Papers. Hassan originally asked about whether the government is considering implementing a Capital Gains Tax as well as Inheritance Tax to increase the government’s revenue. He also asked about the Pandora Papers exposé, which claimed that some 1,500 Malaysians brought about RM 1.8 trillion to offshore financial centres.
Documents show that his father, former Sabah chief minister Tan Sri Musa Aman, took over as sole director in 2015.
Malaysia ranks no.1 for illicit outflows per capita and no. 5 in total. From 2005 - 2014, a total RM1.8 trillion was moved to offshore accounts to run tax. The offenders include: Daim Zainuddin, Zafrul Aziz, Ahmad Zahid Hamidi, Yamani Hafez Musa, and a lot more.
I thought all MPs had to, by convention, declare their assets and liabilities so, if they did so, how did the MACC and RMP fail to discover offshore investments and money accounts? The greater question is why is there no investigation for possible tax evasion by the IRB?