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Apple Loses Court Battle in EU, Ordered to Pay Over $14 Billion in Back Taxes to Ireland
The European Court of Justice has now sided with Vestager, agreeing Apple had unduly benefited from unfair loopholes in Ireland's tax regime, and that the company must now hand Ireland EUR 13 billion roughly Rs. 1,20,903 crore) in back payments.
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Plugging Goods And Services Tax Loopholes, Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the Central government is plugging the loopholes in the Good and Services Tax (GST) with the use of technology and is working towards eight per cent growth rate.
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Apple, Google, Other US Tech Giants Targeted by French, German Tax Crackdown
France is working with Germany and other partners to plug loopholes that have allowed US tech giants to minimise taxes and grab market share in Europe.
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Uber Using Loophole to Avoid UK Tax, Undercut Rivals
Uber confirmed to Reuters that it does not pay value added tax on the fees it charges British drivers.
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Tax Department To Use Data Analytics To Mark Out Multiple PAN Holders
The Managed Service Provider (MSP), which the I-T department plans to hire, will design and operationalize analytical solution that will help collating data, matching it and identifying relationships as well as clustering of PAN and non-PAN data, an official said.
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PM Modi Targets Real Estate Assets In Drive Against Corruption
Prime Minister Narendra Modi has quietly plugged a tax loophole used by the wealthy to buy real estate in someone else's name as part of his campaign against corruption, a senior tax official said on Monday.
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Election Commission Asks Government To Plug Black Money Loophole For Political Parties
The Election Commission has urged the government to ban anonymous contributions of Rs 2,000 and above made to political parties to curb the use of unaccounted or 'black' money during polls.
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Amid Notes Ban, Agents Offer To Convert Black Money. NDTV Investigates
Billed as a landmark move to curb tax evasion and corruption, the government's less than two week-old decision to recall 500 and 1000 rupee notes faces a graver challenge than the political bickering it has spawned.
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Banks To Report Deposits Over Rs 2.5 Lakh In 50-Day Window
Moving quickly to plug loopholes, the Income Tax Department has asked banks to report all cash deposits exceeding Rs 2.5 lakh during the 50-day window provided to tender the now-defunct 500 and 1000 rupee notes.
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Singapore Wants To Delay Revision Of Tax Treaty With India: Report
The redrawing of tax agreement between India and Mauritius in May this year to close a popular loophole, that allowed investors to skirt levies on capital gains made in India, has triggered a similar revision in pact with Singapore.
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Hillary Clinton Offers Her Vision For US Economy, Rebukes Donald Trump's
Democrat Hillary Clinton said on Wednesday that if the US Congress does not act to close tax loopholes that benefit the wealthy and corporations, she will ask the Treasury Department to take up the issue if she is elected president.
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Tax Avoidance Is 'A Big Global Problem': Barack Obama
US President Barack Obama said today that the revelations that powerful international politicians and businessmen have hidden money in shell companies shows tax avoidance is a global issue.
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US President Barack Obama Praises Treasury Steps To Deter 'Tax Inversions'
President Barack Obama on Tuesday promoted federal steps to deter a corporate financial practice known as "tax inversions" and called on Congress to close "one of the most insidious tax loopholes out there," saying it short-changes the country.
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GST Will Improve Transport Sector Efficiency: Study
GST would help unify the market, lower incentive to use tax system loopholes, widen tax base apart from improving the productivity of the overall economy, it added.
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Loopholes in Black Money Bill Can Lead to Harassment: Assocham
Highlighting issues related to valuation of undisclosed foreign assets, Assocham said the 30 per cent rate of tax proposed under Bill "could create hardship in cases where the asset has been acquired few years back and the value of such assets has substantially gone up".
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Apple Loses Court Battle in EU, Ordered to Pay Over $14 Billion in Back Taxes to Ireland
The European Court of Justice has now sided with Vestager, agreeing Apple had unduly benefited from unfair loopholes in Ireland's tax regime, and that the company must now hand Ireland EUR 13 billion roughly Rs. 1,20,903 crore) in back payments.
-
Plugging Goods And Services Tax Loopholes, Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the Central government is plugging the loopholes in the Good and Services Tax (GST) with the use of technology and is working towards eight per cent growth rate.
-
Apple, Google, Other US Tech Giants Targeted by French, German Tax Crackdown
France is working with Germany and other partners to plug loopholes that have allowed US tech giants to minimise taxes and grab market share in Europe.
-
Uber Using Loophole to Avoid UK Tax, Undercut Rivals
Uber confirmed to Reuters that it does not pay value added tax on the fees it charges British drivers.
-
Tax Department To Use Data Analytics To Mark Out Multiple PAN Holders
The Managed Service Provider (MSP), which the I-T department plans to hire, will design and operationalize analytical solution that will help collating data, matching it and identifying relationships as well as clustering of PAN and non-PAN data, an official said.
-
PM Modi Targets Real Estate Assets In Drive Against Corruption
Prime Minister Narendra Modi has quietly plugged a tax loophole used by the wealthy to buy real estate in someone else's name as part of his campaign against corruption, a senior tax official said on Monday.
-
Election Commission Asks Government To Plug Black Money Loophole For Political Parties
The Election Commission has urged the government to ban anonymous contributions of Rs 2,000 and above made to political parties to curb the use of unaccounted or 'black' money during polls.
-
Amid Notes Ban, Agents Offer To Convert Black Money. NDTV Investigates
Billed as a landmark move to curb tax evasion and corruption, the government's less than two week-old decision to recall 500 and 1000 rupee notes faces a graver challenge than the political bickering it has spawned.
-
Banks To Report Deposits Over Rs 2.5 Lakh In 50-Day Window
Moving quickly to plug loopholes, the Income Tax Department has asked banks to report all cash deposits exceeding Rs 2.5 lakh during the 50-day window provided to tender the now-defunct 500 and 1000 rupee notes.
-
Singapore Wants To Delay Revision Of Tax Treaty With India: Report
The redrawing of tax agreement between India and Mauritius in May this year to close a popular loophole, that allowed investors to skirt levies on capital gains made in India, has triggered a similar revision in pact with Singapore.
-
Hillary Clinton Offers Her Vision For US Economy, Rebukes Donald Trump's
Democrat Hillary Clinton said on Wednesday that if the US Congress does not act to close tax loopholes that benefit the wealthy and corporations, she will ask the Treasury Department to take up the issue if she is elected president.
-
Tax Avoidance Is 'A Big Global Problem': Barack Obama
US President Barack Obama said today that the revelations that powerful international politicians and businessmen have hidden money in shell companies shows tax avoidance is a global issue.
-
US President Barack Obama Praises Treasury Steps To Deter 'Tax Inversions'
President Barack Obama on Tuesday promoted federal steps to deter a corporate financial practice known as "tax inversions" and called on Congress to close "one of the most insidious tax loopholes out there," saying it short-changes the country.
-
GST Will Improve Transport Sector Efficiency: Study
GST would help unify the market, lower incentive to use tax system loopholes, widen tax base apart from improving the productivity of the overall economy, it added.
-
Loopholes in Black Money Bill Can Lead to Harassment: Assocham
Highlighting issues related to valuation of undisclosed foreign assets, Assocham said the 30 per cent rate of tax proposed under Bill "could create hardship in cases where the asset has been acquired few years back and the value of such assets has substantially gone up".
