Last Updated: Monday, March 03, 2014, 16:02
India and the United States have decided to enhance cooperation for automatic exchange of information on tax evasion and detection of financial crimes, shoring up efforts to crackdown on blackmoney cases involving economic channels of the two countries.
Last Updated: Wednesday, February 26, 2014, 11:01
The report contains the results of a two-year Senate investigation and comes a day before the heavily-anticipated questioning of Credit Suisse chief Brady Dougan and other top bank officials before the panel.
Last Updated: Sunday, February 23, 2014, 20:57
The Income Tax department has found no instance of tax evasion after going through the entire range of intercepted conversations of corporate lobbyist Niira Radia on directions of the Supreme Court in connection with the 2G case.
Last Updated: Sunday, February 23, 2014, 12:17
The OECD on Sunday delivered a new global standard to crack down on tax evasion with more than 40 countries already committing to the measures.
Last Updated: Friday, February 21, 2014, 09:38
US Treasury Secretary Jacob Lew described taxation reform as among the G20`s most crucial initiatives Friday as the world`s major economies look to close loopholes used by huge multinational firms.
Last Updated: Tuesday, February 18, 2014, 16:19
Government has detected customs tax evasion of Rs 3,792 crore in 14 states till December in the current fiscal 2013-14, Parliament was informed Tuesday.
Last Updated: Monday, February 17, 2014, 20:42
In its crackdown against alleged black money in offshore accounts, the government has begun action in at least 84 cases and many more cases are being probed, although it is getting virtually no cooperation from countries like Switzerland.
Last Updated: Thursday, February 13, 2014, 18:17
As India and 41 countries on Thursday adopted a new global standard for automatic exchange of information on offshore tax evasion, Swiss banks said this framework is very complex and involves high costs.
Last Updated: Thursday, February 13, 2014, 18:15
The OECD unveiled on Thursday a global standard for the automatic exchange of financial data between countries amid an intensifying international effort to crack down on tax evasion.
Last Updated: Thursday, February 13, 2014, 18:08
Global economic body OECD Thursday unveiled a new "game-changing" mechanism to combat the menace of offshore tax evasion, a protocol to which India is a signatory with the purpose of tackling blackmoney.
Last Updated: Tuesday, February 11, 2014, 09:49
A former senior UBS private banker has agreed to plead guilty in connection with a criminal indictment for selling offshore tax-evasion services to wealthy Americans, according to court documents.
Last Updated: Wednesday, January 15, 2014, 03:03
Billionaire creator of Beanie Babies was sentenced to two years of probation, but no prison time, on Tuesday for tax evasion on USD 25 million in income he had stashed away in Swiss bank accounts.
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