Tax Evasion

Big data on financial behaviour of individuals and businesses secured from sources ranging from social network to tax treaties is making tax administration faceless and non-intrusive, yet precise in picking up cases warranting a long, hard look. In an interview, Sushil Chandra, chairman of the Central Board of Direct Taxes (CBDT) spoke about how the […]

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The rich use offshore tax havens when they live near Switzerland, are from a country stocked with natural resources, or from one wracked with political and economic instability, according to a new study from researchers looking at income inequality. The United Arab Emirates heads the list of offshore wealth havens as a proportion of GDP, […]

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The ultra-wealthy are ultra-wealthier than they may appear — at least, to their respective tax authorities. That’s because, perhaps unsurprisingly, those who exploit offshore tax shelters are not likely members of the average household, but rather those in the top one percent of the one percent of income distribution, a trend that’s increasingly concealed the severity […]

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If you were a hacker trying to decide your next target, you’d likely want to pick an entity that has highly valuable and useful information that, simultaneously, lacks an effective security program. Though so many of us focus a significant portion of our in-house practices on cybersecurity and data breaches, it may not come to […]

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Number of replies to IT queries from foreign jurisdictions cross 300 (Representational Photo/ Indian Express). Good news for consumers: GST rate on 30 items reduced and no cess hike for small cars, confirms Arun Jaitley Ryan International School Gurgaon protests: Angry parents protest, Haryana CM Manohar Lal Khattar assures strictest action Jio Phone delivery date: […]

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Staff Reporter Islamabad Minister for Privatization Daniyal Aziz Friday contested that Panama Papers case was non-serious from the day one as it meant for the issues of tax evasion and assets’ concealment and not for the ‘Aqama’ (work permit). Addressing a news conference here, he said the case seemingly had an objective to target Muhammad […]

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The Karnataka government on Friday announced a reward of Rs 10 lakh for information helping crack the murder of journalist and activist Gauri Lankesh, who was shot dead outside her home in Bengaluru three days ago. The government, however, was non-committal on handing over the probe into the killing, which sparked outrage and nationwide protests, […]

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Tax avoidance has cost the nation around £13 billion between 2010 and 2015. Just imagine what this huge sum of money could have been spent on. Since 2010 the total amount could have paid for a new school to be built every single day of the year or at a time when hospitals are struggling […]

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Prime Minister Benjamin Netanyahu’s son filed a legal suit on Wednesday over a Facebook post that claimed the prime minister asked the Mossad to issue him a passport in a different name, which he then used to hide money offshore. Get The Times of Israel’s Daily Edition by email and never miss our top stories […]

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