11/16/2014
ITAT ruling gives a boost to black money fight
In the first ever ruling relating to taxation of black money stashed in overseas tax havens, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has given the taxman a lot to cheer.
11/16/2014
2006 UK/Japan Double Taxation Convention: Entry into force of Protocol and Exchange of Notes
The Protocol and Exchange of Notes between the UK and Japan which was signed in London on 17 December 2013 will enter into force on 12 December 2014.
11/14/2014
The Australian Tax Office will soon end an initiative, which temporarily softened penalties for those who haven't declared offshore income, as part of a global crackdown on international tax evasion.
11/14/2014
China will temporarily exempt taxes on profits made from a landmark scheme linking Shanghai and Hong Kong stock exchanges
11/13/2014
The agreement was signed by India’s Permanent Representative to the UN Asoke Kumar Mukerji, and his counterpart from Saint Kitts and Nevis Ambassador Delano Frank Bart at the Indian mission here.
11/12/2014
Absence of criminal legal treaties between India and tax haven nations have been cited by probe agencies working in the SIT on black money as one of the major impediments in initiating steps to bring back illegal funds stashed abroad by Indians.
11/10/2014
The FBR Union has assured the TRC that Federal Board of Revenue can alone generate the amount equal to the federal budget. Resultantly, there will be no need to approach World Bank or IMF for monetary assistance.
11/09/2014
Under existing rules, a company requires a permanent establishment or physical presence in a country for profits to be taxable there
11/07/2014
The Australian Taxation Office (ATO) has once again reminded investors to voluntarily disclose offshore assets or income under Project DO IT before the December 19 deadline.
11/07/2014
An action plan to tackle BEPS to make sure companies pay their fair share of tax is expected to be finalized in 2015
11/06/2014
In 2009, the then-Minister for Finance Lindsay Tanner spoke at the National Press Club on the topic of Australia's Future Fund.
11/05/2014
Regulatory oversight allowed illicit money transactions in our financial markets.
11/04/2014
Mauritius, often accused of being a route for round-tripping of funds by Indians, today conveyed to Indian government that it was ready to support its Special Investigation Team ( SIT) to unearth black money.
11/04/2014
Singapore will implement a global agreement on swapping tax information, aimed at ending offshore tax evasion, by 2018, provided certain conditions are met
11/03/2014
As they had stayed in India beyond 180 days for three successive years, during the relevant period. In such cases, the Department has decided to complete appropriate action within a month, “without exception.”
11/02/2014
Labuan, which enjoys duty free status, will not be fully exempted from implementation of the Goods and Services Tax in April next year.
10/31/2014
Finance minister Arun Jaitley has written to his German counterpart expressing India's support for the new global protocol for automatic exchange of information on tax evaders but cited domestic procedural requirements as the reason for not signing i
10/31/2014
Government sources said that India was unable to sign the pact as there was uncertainty about disclosures and lack of clarity
10/30/2014
A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.
10/30/2014
A well placed source at Finance Ministry Wednesday disclosed to this scribe that a two-member delegation comprising Ex-Chief International Taxes Ashfaq Ahmad, grade 20 officer, and Secretary International Taxes Sajida Kausar, grade-18 officer visited Swit