Tax Avoidance

Indo-Swiss pact on hidden wealth: Why it isn't helping in India's fight against black money

Black money is known as illicit financial flows (IFFs) internationally, which are defined as a cross-border movement of funds that have been illegally or unethically earned, transferred or utilised

Vijay Mallya case: London Court’s ruling in favour of Indian banks sends strong signal to global crooks

Vijay Mallya thought he would be comfortably ensconced in his London outskirt home thumbing his nose at the clutch of Indian banks nursing unrecovered loans of close to Rs 10,000 crore together with interest.

Income Tax Department takes cognisance of Cognizant’s Rs 2,500 cr tax avoidance, but will not succeed

Tax avoidance is still a potent part of a tax payer’s armour. The only way to end tax avoidance is legislative interference.

Demonetisation to cut tax avoidance, corruption; credit positive: Moody's

The US-based agency however projected growth to slow to 6.4 percent in the January-March quarter, from 7 percent in the previous three months.

EU to discuss better coordination of tax rules in effort to balance drive against tax avoidance

European Union countries should better coordinate tax rules to avoid hitting corporations too hard, the Slovak presidency of the European Union proposed, in an effort to provide more balance to an EU campaign against tax avoidance by multinational companies.

India, Cyprus agree to new tax treaty: Here's how it clears uncertainty for investors

The agreement reached provides for source-based taxation for gains from the alienation of shares

Govt amends Mauritius tax pact, steps up its blackmoney fight

It will be interesting to see as to what impact this amendment will have on FPI/ FII investments into India eventually

India, Mauritius sign protocol to amend tax treaty; capital gain to come under tax net

India and Mauritius sign the protocol for amendment of the convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains

Budget 2016: Will the govt amend domestic tax laws to help the bleeding infrastructure sector

Since India has been one of the active participants of the BEPS project, it is expected that the Indian Government would come out with significant enactment and amendments in its domestic tax laws in the forthcoming Budget 2016.

Arun Jaitley wants automatic info exchange to tackle black money