07/16/2015
Prime Minister Narendra Modi had in March assured Mauritius that while working to prevent treaty abuse, India would not do anything that would harm the island nation’s financial sector.
07/15/2015
The agreement provides that income from dividends will be taxed at a maximum rate of five percent
07/14/2015
Mauritius’ former finance minister claims that his country has given up the right to tax capital gains.
07/13/2015
This follows allegations that offshore subsidiaries are being used by MNCs to shift out profits for reducing their tax bills.
07/13/2015
The automatic reporting of financial accounts is premised on the appropriate safeguard measures to ensure confidentially of information
07/12/2015
Under the agreement, banks, mutual funds, insurance, pension and stock-broking firms will report their American client details to the tax department for sharing with the USA, said a finance ministry official, who declined to be named.
07/10/2015
Armed with automatic information exchange pact with the US, government today asked persons holding undisclosed offshore assets to declare them before September 30 as it would be difficult to hide unaccounted assets in future.
07/10/2015
Some marketing hubs previously identified by the ATO include Singapore and Switzerland.
07/09/2015
Experts believe the bonds will attract investors though they expect the returns to be lower than what was offered in 2013-14
07/08/2015
The Australian Taxation Office has warned companies it will be focusing on money attributed to offshore marketing hubs and will use its stronger transfer pricing powers to go after them.
07/05/2015
The ATO is looking to catch more big-time tax cheats by hiring new specialist public servants, just months after paying more than 400 of them tens of millions of dollars to leave.
07/05/2015
Profit shifting is a perfectly legal way of moving the earnings of an MNC to a low-tax destination to avoid the clutches of a high-tax regime.
07/02/2015
Dues to be paid till December 31
06/29/2015
Protection from further scrutiny to be limited to foreign income disclosed during compliance window
06/29/2015
South Korea plans to offer up to 10 years of tax exemptions for overseas stock investment funds as part of measures to boost its capital outflow to tackle a record current account surplus,
06/29/2015
The government is to offer corporate tax discounts in a revised tax holiday regulation, aiming to attract more investors and boost economic growth.
06/29/2015
India and Thailand on Monday signed a number of important agreements, including the double taxation avoidance treaty
06/29/2015
India inked an agreement with Thailand for avoidance of double taxation and prevention of tax evasion.
06/25/2015
The ministry has gained more concessions from China this time around
06/24/2015
Indonesia hopes to bring billions of dollars in financial assets parked overseas back home - by pardoning past financial crimes.