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News
Tax avoidance
Tax avoidance News
Demonetisation
01 Mar 2017
Demonetisation to cut tax avoidance, corruption; credit positive: Moody's
Demonetisation will be credit positive for India as it is likely to reduce tax avoidance and corruption, Moody's Investors Service said on Wednesday.
GAAR
11 May 2016
GAAR to override bilateral tax treaty provisions: Revenue Secy
A day after the revision of bilateral tax treaty with Mauritius, Finance Ministry on Wednesday said GAAR provisions, which are to take effect from April next year, will override the DTAA provisions in case they are abused.
Barack Obama
06 Apr 2016
Obama''s inversion curbs kill Pfizer''s $160 bln Allergan deal
U.S. drug maker Pfizer Inc agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. President Barack Obama`s drive to stop tax-dodging corporate mergers.
Credit Suisse
05 Apr 2016
Credit Suisse, HSBC dismiss "Panama Papers" tax avoidance allegations
Credit Suisse CEO Tidjane Thiam, who is aggressively targeting Asia`s wealthiest for growth, said his bank was only after lawful assets.
Tax
11 Feb 2016
India lightly taxed; help govt collect more: Sinha to CA
India is a "lightly taxed" nation, Minister of State for Finance Jayant Sinha said Thursday, urging CAs to help the government collect due taxes and raise the tax-GDP ratio to 20 percent.
India
30 Dec 2015
Govt clears tax, info exchange pacts with Maldives, Slovenia
The approval was given by the Union Cabinet chaired by Prime Minister Narendra Modi.
CBDT
08 Oct 2015
Era of tax avoidance to minimise liability over, warns CBDT
All those in business trying to minimise the applicable tax in any manner would be dealt with sternly,CBDT Chairperson Anita Kapur siad on Thursday.
LuxLeaks
18 Mar 2015
EU unveils clampdown on tax avoidance after LuxLeaks
The EU intensified efforts to fight rampant tax avoidance by multinationals on Wednesday in its first major effort to counter the LuxLeaks scandal that poured embarrassment on commission head Jean-Claude Juncker.
G20
15 Nov 2014
''G20 to focus on economic growth, infrastructure and tax avoidance''
Hockey, who is chair of the G20 finance ministers, made these remarks before finance ministers of G20 nations gathered for a special meeting, just before the world leaders summit.
G20
14 Nov 2014
G20 set for 'very aggressive' crackdown on tax avoidance
Closing corporate tax loopholes and endorsing a common reporting standard to increase transparency are set to be a primary focus of the G20 summit in Brisbane this weekend.
Luxembourg tax
06 Nov 2014
Luxembourg tax deals with global firms under fire after leaks
Luxembourg was under fire Thursday after leaked documents revealed its huge tax avoidance deals with hundreds of top global firms, putting its former premier Jean-Claude Juncker under the spotlight in his first week as EU commission chief.
G20
21 Sep 2014
G20 commitment on tax info to help India track black money
The G20 on Sunday decided to put in place a mechanism for automatic exchange of tax information between various countries by 2017, a development which will help India in dealing with the menace of black money stashed abroad.
OECD
17 Sep 2014
'OECD proposals to have impact on transfer pricing in India'
Once implemented, the measures proposed by OECD to curb tax avoidance activities would have "far reaching implications" in India's transfer pricing landscape as well as a significant impact on US multinationals with overseas operations, according to experts.
Finance Minister
25 Jul 2014
India preparing to take final decision on controversial GAAR tax rules: FM
Jaitley did not give a timeline for the decision or more details.
Tax evasion
22 Jul 2014
Govt using information from various nations to check tax evasion
The government on Tuesday said it is effectively using the information received from various countries to combat the menace of tax evasion and avoidance.
GAAR
13 Jul 2014
'Govt to take call on GAAR implementation soon'
As per the existing proposal, investments made after March 2013 will be covered under GAAR with effect from assessment year 2016-17.
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