tax avoidance

Tax evation hits infrastructure development, says court


August 10th, 2012 - 5:39 pm ICT by IANS
New Delhi, Aug 10 (IANS) A Delhi court has upheld a two-year jail term given to a tax evader, saying tax avoidance reduced funds needed for the country's infrastructure development.Additional ... Read more...

Posted in Business |

Chidambaram helping MNCs, says CPI-M


August 7th, 2012 - 2:53 pm ICT by IANS
New Delhi, Aug 7 (IANS) The CPI-M Tuesday accused Finance Minister P. Chidambaram of helping multinationals to escape tax on assets acquired in India and also foreign and Indian ... Read more...

Posted in Politics |

India, Indonesia sign double tax avoidance pact, set $25 bn trade target (Lead)


July 27th, 2012 - 6:37 pm ICT by IANS
New Delhi, July 27 (IANS) India and Indonesia, two of the six co-founders of the Non-Aligned Movement and now among the world's emerging economies, Friday held talks to map ... Read more...

Posted in Business |

Sensex surges 381 points; Jindal Steel, Maruti Suzuki rally (Lead)


June 29th, 2012 - 4:23 pm ICT by IANS
Mumbai, June 29 (IANS) A benchmark index of Indian equities markets jumped 2.24 percent in the late afternoon session Friday led by European Union (EU) leaders' proposals for reviving ... Read more...

Posted in Business |

Sensex at 2 month high on EU hopes, GAAR clarifications


June 29th, 2012 - 2:44 pm ICT by IANS
Mumbai, June 29 (IANS) A benchmark index of Indian equities markets jumped 2.17 percent - touching a two month high - in the afternoon session Friday led by European ... Read more...

Posted in Business |

GAAR rollback a surrender to US: CPI-M


May 8th, 2012 - 4:46 pm ICT by IANS
New Delhi, May 8 (IANS) India's decision to defer the implementation of the General Anti-Avoidance Rules (GAAR) by one year "is a meek surrender to finance capital ... and the ... Read more...

Posted in Business |

Industry welcomes GAAR deferral


May 7th, 2012 - 10:03 pm ICT by IANS
New Delhi, May 7 (IANS) India Inc. Monday welcomed the government's decision to defer implementation of the General Anti-Avoidance Rules (GAAR) by a year."We are happy that the suggestions made ... Read more...

Posted in Business |

India defers GAAR by a year (Lead)


May 7th, 2012 - 8:18 pm ICT by IANS
New Delhi, May 7 (IANS) India Monday deferred impementation of the controversial General Anti-Avoidance Rules (GAAR) by a year and announced that the burden of proving tax evasion will ... Read more...

Posted in World |

Mukherjee to visit US to attend IMF-World Bank meeting


April 16th, 2012 - 5:25 pm ICT by IANS
New Delhi, April 16 (IANS) Finance Minister Pranab Mukherjee will be on a four-day official visit to the United States beginning Thursday to attend the annual spring meeting of ... Read more...

Posted in Uncategorized |

Plug loopholes to boost tax revenue: Pranab


April 8th, 2012 - 10:46 pm ICT by IANS
Bangalore, April 8 (IANS) Finance Minister Pranab Mukherjee Sunday advised experts to plug loopholes in the taxation laws to ensure that the government got its due share of revenue ... Read more...

Posted in Business |

On Vodafone ruling, father-son Bhushans don’t see eye to eye


March 23rd, 2012 - 7:37 pm ICT by IANS
New Delhi, March 23 (IANS) On civil society issues, they are part of the same movement and platform. But on the Vodafone tax ruling, the Bhushans, Shanti and Prashant, ... Read more...

Posted in Business |

Pakistanis avoid paying taxes, admits daily


February 23rd, 2012 - 4:33 pm ICT by IANS
Islamabad, Feb 23 (IANS) Pakistanis are deeply wedded to tax avoidance, said a daily that added were it to be better managed there will be "no need to pass ... Read more...

Posted in World |

India joins multilateral forum to curb tax evasion


January 27th, 2012 - 7:19 pm ICT by IANS
New Delhi, Jan 27 (IANS) In a bid to curb tax avoidance and evasion, India has joined a multilateral forum of which there are over 30 members, including the US, ... Read more...

Posted in Uncategorized |

India signs international tax agreement


January 27th, 2012 - 7:02 am ICT by IANS
Paris, Jan 27 (IANS) India has become the 32nd signatory for the Convention on Mutual Administrative Assistance in Tax Matters, the Paris-based Organization for Economic Cooperation and Development (OECD) said ... Read more...

Posted in Business |

Manmohan meets Bhattarai, pushes for tax pact


November 11th, 2011 - 4:33 pm ICT by IANS
Addu (Maldives), Nov 11 (IANS) Nearly three weeks after they met in New Delhi, India's Prime Minister Manmohan Singh and his Nepali counterpart Baburam Bhattarai Friday held bilateral talks ... Read more...

Posted in Uncategorized |

India, Uruguay sign tax avoidance treaty


September 8th, 2011 - 8:25 pm ICT by IANS
New Delhi, Sep 8 (IANS) India and Uruguay Thursday signed a Double Taxation Avoidance Agreement that would help boost the flow of trade, investment and technology between the two countries.The ... Read more...

Posted in Business |

India, Georgia sign double tax avoidance treaty


August 24th, 2011 - 8:30 pm ICT by IANS
New Delhi, Aug 24 (IANS) India Wednesday signed a tax treaty with the former Soviet republic of Georgia that would help track black money and boost bilateral trade and investments."The ... Read more...

Posted in Business |

India, Lithuania sign tax avoidance deal


July 26th, 2011 - 9:23 pm ICT by IANS
New Delhi, July 26 (IANS) India and Lithuania Tuesday signed an agreement to avoid double taxation.The agreement provides that business profits will be taxable in the source state if the ... Read more...

Posted in Business |

India’s double tax avoidance pact with Mozambique notified


June 2nd, 2011 - 4:21 pm ICT by IANS
New Delhi, June 2 (IANS) India Thursday said it has notified the double tax avoidance agreement with Mozambique to only impose tax on business profits in the source country but ... Read more...

Posted in Business |

India, Colombia sign double tax avoidance treaty


May 13th, 2011 - 9:01 pm ICT by IANS
New Delhi, May 13 (IANS) In an effort to rationalise bilateral taxation and stem the flow of illicit transactions the government Friday signed a double taxation avoidance agreement (DTAA) with ... Read more...

Posted in Business |

Argentina buys Indian pharma products worth $200 million


May 4th, 2011 - 7:49 pm ICT by IANS
New Delhi, May 4 (IANS) Argentina has assured India of reviewing a ban on imported pharmaceutical products and announced the purchase of drugs worth $150-$200 million from Indian firms, a ... Read more...

Posted in Business |

Anarchists planning to disrupt UK royal wedding


April 24th, 2011 - 3:09 pm ICT by ANI
London, Apr 24 (ANI): UK Uncut, a decentralised protest group established in October 2010 to protest against tax avoidance in Britain, is planning to disrupt peaceful protests against the royal wedding ... Read more...

Posted in World |

Colombia banks on tax treaty to push business ties with India


March 13th, 2011 - 1:38 pm ICT by IANS
New Delhi, March 13 (IANS) Colombia is betting big on a tax treaty with India to attract Indian investments to the Latin American nation and is set to rise manifold ... Read more...

Posted in Business |

Jeremy Paxman is third BBC man to utter the C-word live on-air


February 2nd, 2011 - 4:53 pm ICT by ANI
London, Feb 2 (ANI): BBC presenter Jeremy Paxman has become the third person to say the C-word live on-air.Paxman, 60, who made a comeback to BBC2's Newsnight following a two-month sabbatical, stunned ... Read more...

Posted in Entertainment |

File cases in foreign black money case, demands Advani (Lead)


February 1st, 2011 - 10:58 pm ICT by IANS
New Delhi, Feb 1 (IANS) Senior Bharatiya Janata Party (BJP) leader L.K. Advani Tuesday demanded that the National Investigation Agency (NIA) should register a case against the people who had stashed ... Read more...

Posted in Politics |

Black money abroad pegged at $500 bn to $1,400 bn: Mukjherjee (Lead)


January 25th, 2011 - 3:52 pm ICT by IANS
New Delhi, Jan 25 (IANS) Finance Minister Pranab Mukherjee Tuesday said $462 billion to $1.4 trillion in black money is estimated to have been stashed abroad by Indians and all steps ... Read more...

Posted in Business |

Black money estimated at $462 billion to $1.4 trillion: Pranab


January 25th, 2011 - 2:53 pm ICT by IANS
New Delhi, Jan 25 (IANS) Finance Minister Pranab Mukherjee Tuesday said the estimate of black money stashed abroad by Indians and Indian entities was estimated at between $462 billion and $1.4 ... Read more...

Posted in Business |

UK football stars using loophole to avoid paying millions in tax


January 17th, 2011 - 6:53 pm ICT by ANI
London, Jan.17 (ANI): Top English Premiership footballers like Wayne Rooney and Gareth Barry are using a loophole in the government's revenue and customs service to avoid paying millions of pounds in tax.According ... Read more...

Posted in Sports |

Toppling giant firms online - protests go digital


December 13th, 2010 - 1:30 pm ICT by IANS
London, Dec 13 (IANS) How many people does it take to topple VISA's website - a company that can process 10,000 transactions per second? Just 2,000. That's how many were needed ... Read more...

Posted in Sci-Tech |

India, Bermuda ink pact on exchanging info on tax avoidance


October 7th, 2010 - 5:45 pm ICT by IANS
New Delhi, Oct 7 (IANS) India and Bermuda Thursday signed an agreement on exchanging information on matters related to depositing of money by citizens of one country in other's banks and avoidance ... Read more...

Posted in Business |

Oz court grants ’spousal privilege’ right to businessman’s wife to avoid cross-examination


July 19th, 2010 - 5:16 pm ICT by ANI
Canberra, July 19 (ANI): An Australian federal court has granted the 'spousal privilege' right to avoid cross examination by the Crime Commission, to the wife of a Gold Coast businessman accused of ... Read more...

Posted in World |

Conservative-Liberal Democrat coalition agreement


May 13th, 2010 - 5:54 pm ICT by ANI
London, May 13 (ANI): The agreement inked between Britain's Conservative Party and the Liberal Democratic Party to form a new government makes for an interesting read.The pact has eleven key points, ... Read more...

Posted in World |

In China, get a divorce to buy second home!


May 13th, 2010 - 4:41 pm ICT by ANI
New Delhi, May 13 (ANI): Li Guoliang, 42, is planning to divorce his wife, not to end an unhappy marriage, but to buy a second home.His decision came after the Chinese government ... Read more...

Posted in South Asia |

India inks disclosure pacts with 9 tax havens


April 13th, 2010 - 6:43 pm ICT by IANS
New Delhi, April 13 (IANS) In the first step towards bringing back unaccounted money stashed away in tax havens abroad, the Indian government Tuesday said it has entered into accords with ... Read more...

Posted in Business |

India will unearth illegal money stashed abroad: President


February 22nd, 2010 - 6:17 pm ICT by IANS
New Delhi, Feb 22 (IANS) India will take all the steps necessary to unearth black money stashed abroad, with negotiations already on with a number of tax havens for sharing such ... Read more...

Posted in Business |

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