tax evasion

No doubt lawmakers took bribes: Brazilian judge


September 18th, 2012 - 12:27 pm ICT by IANS
Brasilia, Sep 18 (IANS/EFE) Members of Congress traded votes for money during the first two years of Luiz Inacio Lula da Silva's 2003-11 tenure as president, one of the judges ... Read more...

Posted in Politics |

Defer GAAR by three years, suggests Shome Committee (Lead)


September 1st, 2012 - 9:03 pm ICT by IANS
New Delhi, Sep 1 (IANS) An expert committee on tax laws Saturday suggested that the Indian government defer implementation of the controversial General Anti-Avoidance Rules (GAAR) until fiscal 2016-17 ... Read more...

Posted in Business |

Indian-American neurosurgeon convicted of tax evasion


August 24th, 2012 - 11:12 am ICT by IANS
Milwaukee (Wisconsin), Aug 24 (IANS) An Indian-American neurosurgeon has been convicted by a federal jury on tax charges for his alleged failure to disclose $8 million in income held in ... Read more...

Posted in World |

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 |

Plumber Melvyn Careswell jailed for tax evasion


July 27th, 2012 - 11:07 pm ICT by Aishwarya Bhatt
Epsom, July 27 (THAINDIAN NEWS) Melvyn Careswell has been sentenced to one year in jail for tax evasion. Careswell is said to have evaded paying income tax worth 50,000 dollars. HM Revenue ... Read more...

Posted in World News |

Hooker Donna Asutaits jailed for tax evasion


July 10th, 2012 - 8:09 pm ICT by Aishwarya Bhatt
London, July 10 (THAINDIAN NEWS) High-class hooker Donna Asutaits has been jailed for tax evasion. She, herself said that she had been in this business for around a decade.Donna used to charge ... Read more...

Posted in World News |

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 |

VAT evaders pay over Rs.5 crore penalty in Delhi


June 26th, 2012 - 6:50 pm ICT by IANS
New Delhi, June 26 (IANS) A total of Rs.5.32 crore was collected in penalties from evaders of the value added tax (VAT) during June 18-22 period by the Delhi government's ... Read more...

Posted in Business |

India, Bahrain seek trade boost


June 1st, 2012 - 8:21 pm ICT by IANS
New Delhi, June 1 (IANS) A day after India and Bahrain signed a key pact to curb tax evasion, the two countries Friday underlined the need for raising their ... Read more...

Posted in Business |

Spain shelves tax case against banking magnate


May 23rd, 2012 - 1:21 pm ICT by IANS
Madrid, May 23 (IANS/EFE) Emilio Botin, Spain's leading banker, will not face charges for tax evasion, the National Court decided after an 11-month-long investigation.The chairman of Banco Santander, his brother, ... Read more...

Posted in World |

Deferred GAAR not because of any fear: Mukherjee


May 8th, 2012 - 9:17 pm ICT by IANS
New Delhi, May 8 (IANS) The decision to defer the implementation of the General Anti-Avoidance Rules (GAAR) is not because of any fear or apprehensions, Finance Minister Pranab Mukherjee ... Read more...

Posted in Business |

Sensex down 127 points, IT stocks hit (Lead)


May 8th, 2012 - 3:28 pm ICT by IANS
Mumbai, May 8 (IANS) A benchmark index for Indian equities markets was trading 0.76 percent or 127.80 points down around 1 p.m. Tuesday, led by selling pressure in information ... 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 |

Sensex rebounds after government defers GAAR (Roundup)


May 7th, 2012 - 6:58 pm ICT by IANS
Mumbai, May 7 (IANS) A benchmark index for Indian equities markets Monday clawed back into green after Finance Minister Pranab Mukherjee deferred the general anti-avoidance rules (GAAR) by a ... Read more...

Posted in Business |

Italy loses 4.5 bn euros in tax frauds


May 3rd, 2012 - 5:02 pm ICT by IANS
Rome, May 3 (IANS/AKI) During the first four months of this year, Italian tax police busted 2,226 people who allegedly evaded 4 billion euros in taxes and 500 million euros ... Read more...

Posted in Business |

Government detects Rs.13,620 crore tax evasion


April 10th, 2012 - 9:10 pm ICT by IANS
New Delhi, April 10 (IANS) The tax authorities detected evasion of Rs.13,620 crore in excise and service taxes in the first 11 months of fiscal 2011-12, the finance ministry said ... Read more...

Posted in Business |

Ethiopia seals deal with India to avoid double taxation


April 6th, 2012 - 12:59 pm ICT by IANS
Addis Ababa, April 6 (IANS) Ethiopia has signed double taxation avoidance pacts with four countries, including its growing trading partners India and China.The agreements, also with Sudan and Egypt, were ... Read more...

Posted in World |

1,000 yachts raided in Italy to nab tax cheats


April 4th, 2012 - 4:25 pm ICT by IANS
Rome, April 4 (IANS/AKI) Italy's war on tax cheats moved to the sea where police ran checks on the owners of almost 1,000 yachts docked or sailing off of the ... Read more...

Posted in Uncategorized |

Unemployment hits 8-year high in Italy


March 2nd, 2012 - 5:04 pm ICT by IANS
Rome, March 2 (IANS/AKI) Italian unemployment in January rose to an eight-year high of 9.2 percent as the euro zone's third-biggest economy implements economic and labour reforms amid a recession.January ... Read more...

Posted in Business |

Italian business confidence falls


February 28th, 2012 - 3:43 pm ICT by IANS
Rome, Feb 28 (IANS/AKI) Italian business confidence fell in February as the euro zone's third-largest economy was mired in recession.The manufacturing-sentiment index fell to 91.5 from 92.1 in January, national ... Read more...

Posted in Business |

Italian ministers post salaries online


February 22nd, 2012 - 2:22 pm ICT by IANS
Rome, Feb 22 (IANS/AKI) Italian ministers Tuesday posted their salaries and assets online in an effort to boost transparency amid a crackdown on tax evasion.The unelected government led by Prime ... Read more...

Posted in Politics |

Maradona in Italy tax row


February 16th, 2012 - 12:18 pm ICT by IANS
Rome, Feb 16 (IANS/EFE) Soccer icon Diego Armando Maradona, who enjoyed some of his best years while playing for Napoli, says he has no plans to visit Italy again until ... Read more...

Posted in Sports |

Largest depositors in Swiss banks are Indians: CBI chief


February 13th, 2012 - 5:16 pm ICT by IANS
New Delhi, Feb 13 (IANS) Indians are the largest depositors in Swiss banks and have stashed a staggering $500 billion of black money abroad for tax evasion, CBI chief A.P. ... Read more...

Posted in Business |

Mauritius will find solution on tax evasion: Mauritius minister (Interview)


February 12th, 2012 - 4:32 pm ICT by IANS
New Delhi, Feb 12 (IANS) Mauritius will find a mutually satisfactory solution with India to the misuse of a bilateral treaty by investors to evade taxes, a senior minister ... Read more...

Posted in Business |

It’s plunder, says daily on corruption curse in Pakistan


February 7th, 2012 - 12:24 pm ICT by IANS
Islamabad, Feb 7 (IANS) With the losses due to corruption in Pakistan being pegged at a staggering Rs.8,500 billion, a Pakistani daily described it as "plunder" in a country where ... Read more...

Posted in World |

‘$94 bn graft mars Gilani government’


February 5th, 2012 - 8:36 pm ICT by IANS
Islamabad, Feb 5 (IANS) Pakistan has lost Rs.8,500 billion ($94 billion) in corruption, tax evasion and bad governance during the rule of Prime Minister Yousuf Raza Gilani, graft watchdog ... Read more...

Posted in South Asia |

Italian police clamp down on tax evaders


January 30th, 2012 - 8:32 am ICT by IANS
Milan (Italy), Jan 30 (IANS) Italian police, in a bid to clamp down upon widespread tax evasion, Sunday carried out massive checks on bars, restaurants and shops in Milan, the ... Read more...

Posted in Uncategorized |

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 |

Italy’s industrial production rose in November


January 13th, 2012 - 3:52 pm ICT by IANS
Rome, Jan 13 (IANS/AKI) Italy's industrial production in November managed to rise even though the eurozone's third biggest economy implemented cost-cutting measures amid an economic crisis and probable recession.Output gained ... Read more...

Posted in Uncategorized |

Spain to crack down on tax evasion


January 7th, 2012 - 3:05 am ICT by IANS
Madrid, Jan 7 (IANS/EFE) The Spanish government has said it will step up the fight against tax evasion in a bid to raise an additional 8.2 billion euros (around $10 ... Read more...

Posted in World |

Belarus urged to release political prisoners


December 19th, 2011 - 6:56 am ICT by IANS
Moscow, Dec 19 (IANS/RIA Novosti) US Secretary of State Hillary Clinton and European Union foreign policy chief Catherine Ashton Sunday called on Belarus to release and rehabilitate political prisoners."We reiterate ... Read more...

Posted in World |

Government keeping 782 tax evaders’ names secret: Advani


December 14th, 2011 - 3:24 pm ICT by IANS
New Delhi, Dec 14 (IANS) Bharatiya Janata Party (BJP) leader L.K. Advani Wednesday asked the government to make public the names of over 780 Indians who have ... Read more...

Posted in Uncategorized |

India Inc. goes after $5-bn fake, smuggled goods threat


November 10th, 2011 - 1:41 pm ICT by IANS
New Delhi, Nov 10 (IANS) With losses due to counterfeiting, smuggling, tax evasion and branding frauds estimated at $5 billion annually - 20 percent of road accidents in India are ... Read more...

Posted in Business |

Advani attacks Sonia over corruption


November 5th, 2011 - 2:20 pm ICT by IANS
Mumbai, Nov 5 (IANS) Senior Bharatiya Janata Party (BJP) leader L.K. Advani Saturday accused Congress president Sonia Gandhi of being silent on corruption."Why is the Congress president silent on ... Read more...

Posted in Uncategorized |

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