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UK TAX DISCLOSURE
Amazon invested $20 billion in UK in 2025Amazon invested over £15 billion in Britain in 2025, aligning with its $20 billion three-year investment plan through 2027. This spending s...- Authorities allege Pernod Richard withheld Scotch composition, age in effort to pay lower tariffs under $314 mln refund caseIndian tax authorities are in a legal fight with Pernod Ricard. Investigators claim the French company hid the true value of Scotch whisky ...
- Have assets in the USA or UK? Why an Indian Will alone may not protect your heirsIndian families with assets in the USA and UK need robust succession plans. A single Indian Will may not suffice for overseas properties. E...
- Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
- ET Prime Special Series: Multibagger or Bankrupt - Part 54: Will manufacturing capability help this firm move into defence space?The auto ancillary sector is being forced to answer a difficult question: When technology changes, which suppliers remain relevant and whic...
- Invested in overseas property? Know the tax rules after Budget 2026 will impact youAll foreign assets must be disclosed in Indian tax returns in the prescribed manner. Non-disclosure of foreign assets can trigger implicati...
- Hidden UK mansions? ED is now chasing wealthy Indians who own them via offshore cosAffluent Indians using offshore companies to buy UK properties are now under the ED's scrutiny. Acquiring stocks of foreign firms mainly ho...
- Budget 2025 leaves NRIs with a more complicated financial futureThe Union Budget 2025 tightens tax regulations for NRIs, including students and professionals abroad, increasing scrutiny on foreign income...
- Beginning of a global tax war? UK starts scrutinising multinationals for tax evasionThis is set to create a tug of war between tax authorities of large economies such as the US, China, UK, India and other European countries...
- Cairn India, Vedanta under scanner in dividend caseThe SAT verdict came in response to an appeal filed by Cairn Holding UK against a Sebi order in the case.
- HC quashes I-T order sanctioning criminal prosecution against P. Chidambaram's kinWhen the petitions by Chidambaram's wife Nalini, his son Karti and daughter-in-law Srinidhi came up, a division bench of justices S Manikum...
- HSBC CEO also had a Swiss account; pay frozen after cut in 2014At the centre of a controversy over himself having a Swiss bank account, UK-based HSBC's CEO Stuart Gulliver will not get any salary hike t...
- Department of Telecommunications to examine Vodafone report on interception request: Ravi Shankar PrasadVodafone in its report has said India was among the 29 nations that sought access to its network to intercept calls, text messages and e-ma...
- Foreign account-holders with hidden wealth can approach Settlement Commission for amnestyThe SC route is pragmatic as the law offers such an option to all individuals. The idea is to avoid prolonged litigation.
- White Paper on black money against tax immunity schemesThe White Paper on black money today virtually ruled out the possibility of a voluntary disclosure or gold deposit tax immunity schemes to ...
- India, Jersey sign tax information exchange agreementIndia has signed an agreement with Jersey on tax information exchange, which will help the country to unearth black money.
- As demanded by industrialists Ratan Tata, Anil Ambani, Anand Mahindra, Y C Deveshwar, N R Narayana Murthy, G M Rao, R P Goenka and Shashi Ruia, amnesty scheme on cards for black moneySources said devising an amnesty scheme was one of the demands of industry captains who had met the FM last month.
- UK inks deal to tax cash stashed in secret Swiss bank accountsBanks in Switzerland to pay Britain £387 million upfront & up to £6 bn/year, but won’t reveal identities of account holders
- Come cleanMake the Indian Premier League (IPL) stakeholders accountable.
- Partnership rules set for a changeThe Limited Liability Partnership Act being formulated by the government will introduce a number of critical changes in the working of part...
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