Ncell Axiata Capital Gain tax issue

From one end to the other, the telecommunication giant Ncell is doing everything to escape its tax laibility. With the controversy there has been number of stories that has build, the recent one is the involvement of the prime minister and how he is holding the Nepal government staffs from taking action against Ncell for not paying tax. It has surfaced that Ncell has paid a hefty amount to the Party in context of making the settlement before the election.

This case has questioned the current Nepal Government's interest and action mechanism upon why they have not been able to take any action against Ncell. 

In the past When TeliaSonera sold Reynolds Holdings shares in Ncell to Axiata for over $1 billion, Nepal’s Large Tax-payers’ Office had said Reynolds owed the government Rs35 billion in taxes and demanded it pay the amount and fines to a total of Rs61 billion.

Ncell Nepal refused to pay that full amount, and transferred only Rs21 billion capital gains tax. After this, the writ was filed, and the Supreme Court on Wednesday also rejected a case filed by Ncell.

The case became controversial after two foreign investors traded ownership of a Nepal-based telecom company. Since TeliaSonera has already left Nepal, the Court found that the buyer is liable to pay capital gains tax if the seller did not.

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NAC Airbus A330-200 wide body controversy

The Nepal Airlines Corporation(NAC) wide body aircraft purchase controversy  has been hugely criticized for its entire process and obligation. The fact from the Airbus website clearly showing Nepal Airlines receiving the Airbus A330-200 aircraft on behalf of HiFly Airlines of Portugal clearly shows the foul play. Apart from that two aircraft have been bought for Nrs  24 billion where as per  international rates, one aircraft cost around Nrs 24 billion.

This also showcases the strategic level of organized corruption in  leadership level to bureaucratic of the Nepal government.  It has been estimated that around 25 percent of the funds are in view of corruption.

The first of the two Airbus A330-200 aircraft was delivered to NAC on June 28 and the second plane on July 26. The national flag carrier had purchased the aircraft from US-based AAR Corporation for around Rs 24 billion. NAC had taken a loan of Rs 12 billion each from Citizen Investment Trust and Employees Provident Fund at 10.5 per cent interest rate to buy the planes.

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Australia Nepali Student controversy

With the cancellation of AIBT registration from the Australian government around 1200 nepali students have been stranded in Australia. The case came into action when the  Council of International Student Australia (CISA) filed a petition about the AIBT status of nursing affiliation.  AIBT was running nursing programs without acquiring certification from the required  department of the Australian government. In view of this, the Australian Government cancelled the registration of AIBT citing the wrong practice of operation against the education Law.

So the bottom's line is consultancy in Nepal were selling the nursing program here in Nepal with the assumption of the college about to get certification for the program and assuring the student of a sexy dream abroad.


so who's mistake was it ?

1. Student who fail to check the registration and followed the trend of abroad studies
2. Government who fails to give awareness
3. Parent who lack to check the details
4. consultancy who sell the cheap dream of abroad
5. Australian Embassy that fails to validate the students interest



Things to remember 

1. Check the registration of the colleges
2. Check if the program enrolled to be accredited by the government
3. Stop being a ash see being smart lands you in shit
4. Listen to your parents
5. Always be wise to check and ask for pre-registration information with the college or consultancy




  

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