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LEGAL TAX LOOPHOLES
Why Trump's tariffs had plenty of bark, but limited biteDonald Trump's tariffs, once feared to cripple markets, have had a surprisingly muted impact, with actual levies lower than headline rates....- Residents tempted to gatecrash FCNR party for NRIsWealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...
- A shadowy Oman-Iran plot provoked Trump’s “blow ’em up” threatUS President Donald Trump has sent a stark message to the Sultanate of Oman, warning of potential military repercussions should it move for...
- Coded compliance: Centre is eyeing 'law-to-code' to AI-proof data lawLaw-to-code is the practice of translating legal rules into machine-executable algorithms such as a Python code that software can automatic...
- Prediction markets say they're different from sportsbooks. Gambling addicts say it's all the sameThe soccer coach had blocked himself from sportsbooks by the time he found prediction markets.
- Bengaluru CA explains zero tax trick on Rs 17 lakh rent income : 'No bills, no receipts....'India's tax framework allows certain individuals to legally reduce rental income tax to zero. A flat 30% deduction on gross rental income, ...
- Foreign betting sites pull a prank on taxmanOffshore gaming firms found a way to use the site name cgstahmedabadzone.gov.in to create additional, fake pages, complete with sub-links t...
- Nvidia's Jensen Huang caught on the wrong foot? Report says the 10th richest man is using legal loopholes to allegedly avoid $8 billion in taxesNvidia's Jensen Huang has been a phenomenal figure due to his company's stellar rise over the past couple of years, but he is currently und...
- Portugal to tax crypto, fixing legal loopholePortugal is one of the few countries in Europe where cryptocurrencies transactions are not taxable.
- More tax receipts without raising ratesFor US MNCs alone, corporate profit shifting to tax havens has risen from 5-10% of the gross profits in the 1990s to 20-30% now. The practi...
- Finance ministry defends retrospective amendment of 2012Finance ministry officials strongly defended the controversial 2012 amendment that brought overseas indirect transfers retrospectively into...
- Mauritius leaks: Big firms leveraging legal loopholes to save taxes can cost developing countries $100 bn every yearProposals made by Nirmala Sitharaman at G20 Summit could alter the stasis between large corporations and tax havens.
- Government may roll back 10 per cent LTCG tax proposed on ESOPsGroup-Z is a category made up of listed companies that have not complied with regulatory requirements, about 2,200 companies under the cate...
- Don’t need new taxes, plug existing loopholes: Nilesh Shah, MD, Kotak AMCPM and FM should try to plug the loopholes which exist in today’s taxation system which allows people to earn income but not to pay tax, sa...
- US senators eye bill to halt corporate tax 'inversion'US senators said they are considering legislation to prevent corporate inversions, a transaction that involves US cos reincorporating overs...
- G-8 summit to discuss tax avoidance by companiesA summit meeting of G-8 countries next week would discuss the issue of "tax avoidance" by companies in this increasingly globalised economy.
- EU plans to remove banking secrecy to crackdown on tax evasionEuropean Union leaders have agreed to crack down on tax evasion more effectively by abolishing their banking secrecy.
- Deepender Hooda welcomes Centre's announcement on wealth taxDeepender, along with three other Congress MPs, had moved amendments to the Finance Bill seeking exemption of agriculture land from wealth ...
- Taxation is a sovereign rightA global tax system that plugs legal loopholes and makes cos pay taxes will prevent erosion of the tax base, boost revenues, and lower the ...
- Govt to simplify tax administrationMUMBAI: The government will further simplify tax administration, plug loopholes in the system, and improve revenue collections, Union Minis...
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