Tax

India may impose safeguard tax to check Chinese imports: DIPP

India on Monday said it could consider imposing "some kind of safeguard duties' on Chinese imports to bridge the huge trade gap as it cannot be sustained in the long run.

Businesses leaving for AP, tax base eroding, says Telangana

Telangana government has claimed that an exodus of businesses to Andhra Pradesh is underway after the new state came into existence in June this year, and there would be a significant erosion of the tax base once Hyderabad ceases to be the common capital.

Gary Barlow apologises for tax-avoidance row

 

London: Take That frontman Gary Barlow has apologised over his alleged involvement in a tax avoidance scheme.

Arun Jaitley lauds West Bengal govt for its approach on GST

Union Finance Minister Arun Jaitley on Saturday lauded the West Bengal government for accepting the Goods and Services Tax (GST) in principle and said the state`s approach on the issue was very good.

Jayalalithaa writes letter to PM Modi, suggests two-tier tax machinery

Tamil Nadu Chief Minister J Jayalalithaa has suggested to the central government to delegate the levy, collection and appropriation of tax substitutes for value added tax, central excise and service tax by the state.

UP CM tables tax-free budget; no money for free laptop scheme

After the drubbing in the recent general elections, Akhilesh Yadav proposed no new taxes in the budget for this year, but made no allocation for his pet schemes such as free laptops for students and allowances for the unemployed.

Tax waiver for buildings painted in white and blue: KMC

Kolkata Municipal Corporation (KMC) has decided to waive property tax for one year for residential buildings painted in blue and white in the city, officials said on Tuesday.

Yuvraj Singh gets service tax notice

The Central Excise Department has issued a show cause notice to cricketer Yuvraj Singh, seeking payment of service tax to the tune of Rs 46.60 lakh on his income from promotional activity.

Rihanna settles legal battle with former accountants

The "Umbrella" hitmaker had filed a lawsuit against New York firm Berdon Llp in 2012, claiming she suffered big losses after they mismanaged her finances, failed to sort out her taxes and charged an above-average commission fee.

Russia cancels zero export tax for gas to Ukraine

Russia Thursday cancelled zero export tax for natural gas it supplies for Ukraine.

New Cuban foreign investment law to provide 8-year tax break

A new Cuban foreign investment law to be passed this week will let companies keep earnings tax-free for eight years, state media reported Wednesday.

47 per cent of Pakistani lawmakers do not pay taxes

Forty-seven per cent of 1,070 lawmakers elected to Pakistan`s national and provincial assemblies earlier this year did not pay income tax and 12 per cent do not even have a National Tax Number.

Liechtenstein joins India in stash funds fight

Liechtenstein shed its secrecy cloak and joined the league of a host of other countries for automatic exchange of information in tax matters.

Stephen Baldwin pays $100K in back taxes

Stephen Baldwin , who admitted in March that he failed to pay three years` state income taxes, has now paid 100,000 dollars in back taxes to the State Tax Department.

Philippines ranks restaurants for taxes, not food

Next time you eat out in the Philippines, you might want to check the government`s restaurant guide. It doesn`t tell you where the best food is, but if you`re possibly patronising a tax cheat.

Facebook faces flak for paying pittance in tax in UK despite millions in profit

Facebook has been slammed for not paying corporation tax in the UK despite making millions in profits.

Centre expects states to slash taxes on aviation fuel

The Centre expects cooperation from the state governments to slash the surcharge and taxation on aviation fuel to control its prices, a senior Civil Aviation Ministry official said here today.

MCD waives penalty, interest to recover property tax dues

With MCD property tax worth crores of rupees due against various government and private organisations, the civic body has now offered immunity till November 30.

Silvio Berlusconi`s lawyers asks court to acquit him of tax fraud

A lower appeals court had sentenced Silvio Berlusconi to jail and a ban from public office.

Centre asks Nagaland govt to stop NSCN-IM levying `tax`

The Centre has asked the Nagaland government to stop NSCN-IM from levying "tax" on common people.