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Tax avoidance News

01 Mar 2017

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

Demonetisation will be credit positive for India as it is likely to reduce tax avoidance and corruption, Moody's Investors Service said on Wednesday.

11 May 2016

GAAR to override bilateral tax treaty provisions: Revenue Secy

A day after the revision of bilateral tax treaty with Mauritius, Finance Ministry on Wednesday said GAAR provisions, which are to take effect from April next year, will override the DTAA provisions in case they are abused.

06 Apr 2016

Obama''s inversion curbs kill Pfizer''s $160 bln Allergan deal

U.S. drug maker Pfizer Inc agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. President Barack Obama`s drive to stop tax-dodging corporate mergers.

05 Apr 2016

Credit Suisse, HSBC dismiss "Panama Papers" tax avoidance allegations

Credit Suisse CEO Tidjane Thiam, who is aggressively targeting Asia`s wealthiest for growth, said his bank was only after lawful assets.

11 Feb 2016

India lightly taxed; help govt collect more: Sinha to CA

India is a "lightly taxed" nation, Minister of State for Finance Jayant Sinha said Thursday, urging CAs to help the government collect due taxes and raise the tax-GDP ratio to 20 percent.

30 Dec 2015

Govt clears tax, info exchange pacts with Maldives, Slovenia

The approval was given by the Union Cabinet chaired by Prime Minister Narendra Modi.

08 Oct 2015

Era of tax avoidance to minimise liability over, warns CBDT

All those in business trying to minimise the applicable tax in any manner would be dealt with sternly,CBDT Chairperson Anita Kapur siad on Thursday.

18 Mar 2015

EU unveils clampdown on tax avoidance after LuxLeaks

The EU intensified efforts to fight rampant tax avoidance by multinationals on Wednesday in its first major effort to counter the LuxLeaks scandal that poured embarrassment on commission head Jean-Claude Juncker.

15 Nov 2014

''G20 to focus on economic growth, infrastructure and tax avoidance''

Hockey, who is chair of the G20 finance ministers, made these remarks before finance ministers of G20 nations gathered for a special meeting, just before the world leaders summit.

14 Nov 2014

G20 set for 'very aggressive' crackdown on tax avoidance

Closing corporate tax loopholes and endorsing a common reporting standard to increase transparency are set to be a primary focus of the G20 summit in Brisbane this weekend.

06 Nov 2014

Luxembourg tax deals with global firms under fire after leaks

Luxembourg was under fire Thursday after leaked documents revealed its huge tax avoidance deals with hundreds of top global firms, putting its former premier Jean-Claude Juncker under the spotlight in his first week as EU commission chief.

21 Sep 2014

G20 commitment on tax info to help India track black money

The G20 on Sunday decided to put in place a mechanism for automatic exchange of tax information between various countries by 2017, a development which will help India in dealing with the menace of black money stashed abroad.

17 Sep 2014

'OECD proposals to have impact on transfer pricing in India'

Once implemented, the measures proposed by OECD to curb tax avoidance activities would have "far reaching implications" in India's transfer pricing landscape as well as a significant impact on US multinationals with overseas operations, according to experts.

Finance Minister

25 Jul 2014

India preparing to take final decision on controversial GAAR tax rules: FM

Jaitley did not give a timeline for the decision or more details.

22 Jul 2014

Govt using information from various nations to check tax evasion

The government on Tuesday said it is effectively using the information received from various countries to combat the menace of tax evasion and avoidance.

13 Jul 2014

'Govt to take call on GAAR implementation soon'

As per the existing proposal, investments made after March 2013 will be covered under GAAR with effect from assessment year 2016-17.

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