Businesses facing bankruptcy are legally exempt from paying taxes, says a family spokesperson
The Sharif family has stated that businesses facing bankruptcy are legally exempt from paying taxes, a position reportedly upheld by a British court in Hasan Nawaz’s bankruptcy case.
This clarification was issued by a family spokesperson following the UK court’s decision declaring Hasan, son of former prime minister Nawaz Sharif, bankrupt in a tax and liability case.
According to UK laws, a bankruptcy order makes an individual insolvent, restricting them from acting as a company director without court permission until the bankruptcy is discharged. Despite this, Hasan remains associated with several companies in the UK. Bankruptcy…