{"id":604960,"date":"2018-12-18T04:16:25","date_gmt":"2018-12-18T04:16:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/govt-denies-reports-suggesting-bank-accounts-of-tax-cheats-would-be-frozen\/"},"modified":"2018-12-18T04:16:25","modified_gmt":"2018-12-18T04:16:25","slug":"govt-denies-reports-suggesting-bank-accounts-of-tax-cheats-would-be-frozen","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/govt-denies-reports-suggesting-bank-accounts-of-tax-cheats-would-be-frozen\/","title":{"rendered":"Gov\u2019t denies reports suggesting bank accounts of tax cheats would be frozen"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <b>Gov\u2019t says it has no plans to freeze the bank accounts of tax evaders: <\/b>Cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1152210074957356\">\u00a0said in a statement<\/a> that it is not mulling a move that would grant the Finance Ministry power to freeze the bank accounts of suspected tax evaders. After having reached out to the Finance Ministry, the cabinet said no such instructions were given either in cooperation with the central bank or any other entity. We had <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/16\/egypt-considering-legal-framework-to-seize-unpaid-taxes\/\">picked up a report by Al Mal<\/a> earlier this week claiming that the Finance Ministry was looking to discuss with the central bank legislation that would allow it to freeze funds in the accounts of alleged cheats.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov\u2019t says it has no plans to freeze the bank accounts of tax evaders: Cabinet \u00a0said in a statement that it is not mulling a move that would grant the Finance Ministry power to freeze the bank accounts of suspected tax evaders. After having reached out to the Finance Ministry, the cabinet said no such [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[204,72,2380,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604960","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking","tag-enterpriseam","tag-speed-round","tag-tax","wpautop","entry"],"acf":{"mongo_id":"3add3b1f-0285-4ff3-ae7e-716fb5c0777f","order":"0","is_powered_by":true,"section_story_id":"212ad108-6dcd-4385-9508-72e65b4568c3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604951],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov\u2019t denies reports suggesting bank accounts of tax cheats would be frozen - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/govt-denies-reports-suggesting-bank-accounts-of-tax-cheats-would-be-frozen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t denies reports suggesting bank accounts of tax cheats would be frozen\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t says it has no plans to freeze the bank accounts of tax evaders: Cabinet \u00a0said in a statement that it is not mulling a move that would grant the Finance Ministry power to freeze the bank accounts of suspected tax evaders. After having reached out to the Finance Ministry, the cabinet said no such [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/govt-denies-reports-suggesting-bank-accounts-of-tax-cheats-would-be-frozen\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-18T04:16:25+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/govt-denies-reports-suggesting-bank-accounts-of-tax-cheats-would-be-frozen\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/govt-denies-reports-suggesting-bank-accounts-of-tax-cheats-would-be-frozen\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t denies reports suggesting bank accounts of tax cheats would be frozen\",\"datePublished\":\"2018-12-18T04:16:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/govt-denies-reports-suggesting-bank-accounts-of-tax-cheats-would-be-frozen\/\"},\"wordCount\":122,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"EnterpriseAM\",\"SPEED ROUND\",\"tax\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/govt-denies-reports-suggesting-bank-accounts-of-tax-cheats-would-be-frozen\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/govt-denies-reports-suggesting-bank-accounts-of-tax-cheats-would-be-frozen\/\",\"name\":\"Gov\u2019t denies reports suggesting bank accounts of tax cheats would be frozen - 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The hold on EGP 990 mn in GTH\u2019s Egyptian bank accounts is \u201cnormal procedure\u201d the source says. GTH had said it was going to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604819,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/finmin-to-work-with-egypts-banks-on-mitigating-the-impact-of-the-new-tax-treatment\/","url_meta":{"origin":604960,"position":2},"title":"FinMin to work with Egypt\u2019s banks on mitigating the impact of the new tax treatment","author":"enterpriseam admin","date":"13 December 2018","format":false,"excerpt":"EXCLUSIVE- Tax officials spreading oil on troubled waters after flap over tax treatment of bank holdings of gov\u2019t debt: Tax officials are actively working to smooth feathers ruffled by a proposed change to how bank income from investments in government debt is taxed. 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