Latest News for: income tax evasion

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G20 proposal to tax super-rich could reap huge global rewards

Business Day 22 Nov 2024
... other income groups ... Other challenges involve a lack of comprehensive data on wealth and income, limited tax administration capacities, and widespread tax avoidance and evasion practices.   .
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Russia to impose 15% tax on Bitcoin mining profits under new draft bill

Invezz 18 Nov 2024
Tokens obtained through mining are classified as property, with income taxed based on market value at the time of receipt ... Personal income tax rates on cryptocurrency earnings are set at a maximum of ...
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Edgar to share political insights at Eastern Illinois event

Journal Gazette 18 Nov 2024
CHARLESTON — Eastern Illinois Student Government is hosting “An Evening with Jim Edgar” on Wednesday, Nov. 20 ... The Democrat who was governor from 1961 to 1968 was indicted for conspiracy, mail fraud, income tax evasion and lying to a grand jury ... .
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Setback for AAP ahead of Delhi Assembly polls as Kailash Gahlot quits: ‘Party no longer fighting for people’s rights’

Financial Express 17 Nov 2024
... and Income Tax Department inquiries against him ... In 2018, several locations linked to Gahlot and his family members were raided by the Income Tax Department, alleging tax evasion worth several crores.
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Agriculture tax

Dawn 16 Nov 2024
The amendments bring equity to the tax regime, do away with a big loophole for tax evasion, and meet the demand of economists, the corporate sector and other stakeholders to effectively tax farm incomes.
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A new UN tax convention to tighten efforts against illicit financial flows

Ghana Business News 15 Nov 2024
Between 2009 and 2018, South Africa will have lost $20 billion a year due to tax avoidance and evasion by the super-rich ... Multinational corporations and the wealthy elite often exploit tax loopholes, exacerbating income inequality.
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Number of ITRs for incomes above Rs 50 lakh surge 5-fold in 10 years

Suryaa 14 Nov 2024
Senior officials are of the view that the increase in number of people filing ITRs with annual income above Rs 50 lakh is due to "strong anti-tax evasion measures by the (Narendra) Modi government".
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ED raids multiple locations in Kolkata for lottery scam

Suryaa 14 Nov 2024
Sources added that there are multiple charges against the lottery entity concerned, which include evasion of taxes and most importantly, diverting a portion of the income proceeds abroad illegally through hawla ... --IANS ....
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ED Conducts Raids Across Kolkata in Connection with Lottery Scam

International Business Times 14 Nov 2024
Sources added that there are multiple charges against the lottery entity concerned, which include evasion of taxes and most importantly, diverting a portion of the income proceeds abroad illegally through hawla ... (With inputs from IANS). Also Read ... .
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Downtown building once housed San Diego Zoo animals, a bank and law offices. Now it’s ...

San Diego Union-Tribune 14 Nov 2024
The original Granger Building opened in 1904 and features a Romanesque architectural style ... Dr ... He would later fall into disgrace amid the collapse of his National Bank of San Diego and a conviction for grand theft and state income tax evasion.
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76% of tax collected from those earning over Rs 50 lakh

The Times of India 13 Nov 2024
This has led to reduced tax burden on the middle class.Also, the increase in number of people filing ITRs with annual income above Rs 50 lakh is due to “strong anti tax evasion and black money laws implemented by the Modi govt”, the source added.
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ITR filers with income above Rs 50 lakh increases 5x since 2014; middle class tax burden reduces

The Times of India 13 Nov 2024
The rise in high-income tax filers is attributed to robust anti-tax evasion and black money legislation implemented under the current government.They further told that earlier iIn 2014, those having ...
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Ex-NYC Rep. Michael Grimm ‘paralyzed from chest down’ after falling off horse in freak polo ...

New York Post 10 Nov 2024
5 ... GoFundMe ... 5 ... He won re-election in 2014 while under indictment for tax evasion. But he resigned after his re-election and pleaded guilty for under-reporting income from an Upper East Side restaurant he once co-owned and paying staffers off the books.
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Digital Proof Of Tax Evasion Siezed As IT Dept Surveys Truecaller India�Offices: Sources

News18 08 Nov 2024
The Income Tax Department surveyed Truecaller's offices in India over tax evasion charges, also including transfer pricing issues ... .
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Truecaller reacts to Income-Tax Department's survey at offices in Mumbai, Gurugram | READ statement

India TV 07 Nov 2024
... a survey operation at its offices on charges of tax evasion.

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