09/08/2015
Undisclosed foreign bank accounts: CBDT issues guidelines for compounding of offences
The CBDT clarified that the matter was examined in consultation with the Special Investigation Team on black money.
Tax
09/07/2015
Black money trail exposed
According to some black money researchers, it is actually Indian black money routed back to India through foreign tax havens in the name of P Notes. Here is one such shocking example.
09/06/2015
India to tax collectors: give foreign companies a break
Dozens of letters demanding payments from funds rattled the market, forcing the government this week to scrap claims.
09/06/2015
I-T sleuths asked to give foreign firms a tax break
Dozens of letters demanding payments from funds rattled the market
09/04/2015
Government releases new set of FAQs on black money window
Tax dept hopes more tax evaders will declare their unaccounted for assets as 30 September deadline draws near
09/04/2015
Local banks pre-tax income declines
The commission said the figure is lower than expected as global economic growth momentum showed, taking a toll on domestic banks.
09/04/2015
Black money law: Beneficiaries in overseas discretionary trusts may face enquiry
he taxman will look through the trust and lift the veil with the basic presumption that the fund a trust holds belongs to the beneficiaries and not some foreigners or non-resident Indians.
09/02/2015
Amnesty for offshore tax cheats
The plan targets both Korean residents and firms operating in Korea, said Deputy Prime Minister and Finance Minister Choi Kyung-hwan.
09/02/2015
Offshore transfer taxation still a worry
Investors could be hit hard if they are taxed on the capital gains earned from the sale of holdings in FPIs
09/01/2015
India Says New Tax Won’t Apply to Foreign Institutional Investors
Move on minimum alternate tax is aimed at calming investors’ concerns
08/28/2015
Ensure compliance with FATCA requirements, says SEBI
Regulator SEBI today asked market entities to ensure compliance with changed income tax regulations, with India becoming a signatory to FATCA as well as a global pact to check tax evasion.
08/27/2015
India, Seychelles ink tax information pact
India and Seychelles also signed four other agreements, including one on air connectivity and the other for supply of a Dornier aircraft to the island nation.
08/25/2015
CA upholds tax exemption of Pinoy employees in ADB
The circular was used as basis for the BIR to run after the supposed tax deficiencies of ADB employees.
08/21/2015
A costly tax for Australian businesses
Many issues have been raised in all the debate on tax reform
08/21/2015
Australian Committee On Tax Avoidance Issues Interim Report
The interim report recommends that a mandatory tax reporting code be implemented as soon as practicable.
08/21/2015
Government approves pact with Seychelles to curb black money
A global regime of information exchange will go into force in 2017, arming governments with data to deal with illicit wealth.
08/20/2015
ANZ chief Mike Smith says tax system sent Atlassian offshore
There was an investment community who understood what they wanted to do and and a tax regime where they were not getting taxed twice on the same income.
08/19/2015
AUSTRALIA: Name and shame tax dodgers: report
The contents of the report were leaked to the media at the weekend, which is against parliamentary rules and has infuriated senators.
08/18/2015
Singapore bankers rattled by Asian moves to chase undeclared wealth
A global crackdown on tax evasion launched during the 2008 financial crisis has already forced Switzerland and other European offshore hubs to surrender their prized bank secrecy.
08/18/2015
AUSTRALIA: Tax laws to target big global companies
Thirty major multi-national companies will be targeted by the Abbott Government under a new assault on tax evading firms that has already brought in an extra $400 million in revenue.