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Apple CEO Tim Cook unapologetic for company's tax strategy
Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in US taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more. #Apple Inc. #Technology #Apple #TechWars #Tim Cook #Personal Technology #Apple tax evasion #Apple Ireland offshore #Technology Companies
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Singapore to step up international cooperation on tax evasion
Singapore, which hosts offices of the world's biggest banks, will adopt the OECD standards on information sharing in all of its existing bilateral tax agreements that do not already contain them, as long as it gets reciprocity. #Economy #diplomacy #Tax evasion #Singapore #Tax treaty
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Chidambaram for widening tax net, vows to continue hounding evaders
"There are tax payers, tax evaders and those who help the tax evaders. It is a shame that only 42,800 people in this country admit to having more than Rs 1 crore income", Chidambaram said. #Economy #India #P. Chidambaram #Tax evasion #WhoSaidWhat
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Legal tangle: Why GM, Suzuki, Ford are India's next tax target
Indian tax officials have opened up a new front in their battle to increase revenue collected from companies, targeting manufacturing firms that slash prices below cost in order to sell slow-moving inventory. #ThisisNext #Tax evasion #Tax #auto makers #Manufacturing companies
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Many MNCs use profit shifting strategy to evade tax, says report
Many multinational companies operating in India and having links to tax havens use profit shifting strategies to "evade" taxes, according to a research report by Christian Aid . #Tax evasion #ExpertView #MNC #Profit Shifting
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Cobrapost sting: Why banks heads cant plead innocence
The Cobrapost expose of money laundering by three of India's leading banks challenges Chidambaram's earnestness about going after really big tax dodgers. #HowThisWorks #Black money #P. Chidambaram #ICICI Bank #Tax evasion #Money laundering #Axis Bank #HDFC Bank #Cobrapost
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Pay tax dues by 31 March or face action: I-T dept to defaulters
Warning the defaulters of penal consequences, the Income Tax Department today asked assesses, who pay taxes on the basis of self-assessment, to clear their dues by March 31. #NewsTracker #Tax evasion #Income tax #Tax filings
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'Apple, Microsoft among US biggies to stash more cash in tax havens'
Apple Inc, Microsoft Corp, Pfizer Inc and other big US multinational corporations boosted cash held offshore in 2012, likely in an effort to flee US taxes, said a report #Black money #MoneyTrail #Tax evasion #Apple #Microsoft
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Ghost factory: Now, taxman may slap criminal charges on Cadbury
During investigation, the officials found that the company claimed excise duty exemption for its new unit in Sandoli village in Baddi relating to a period even before it came into existence #NewsTracker #Tax evasion #Cadbury #Income Tac