tax Archives - Page 5 of 5 - International Finance

India demonetises currency to move away from cash

International Finance DeskNovember 11, 2016

by International Finance DeskNovember 11, 2016

But this is not the first time a country has opted for demonetisation IFM Correspondent November 11, 2016: In a move that came as a shock, the Indian government banned currency notes of 500 and 1000 denomination rendering them worthless at November 8 midnight. The measure was taken to control fake currency notes and unaccounted...

Economy

India withdraws high denomination currency overnight

International Finance DeskNovember 9, 2016

by International Finance DeskNovember 9, 2016

Aims to counter corruption, counterfeiters and people who avoid taxes IFM Correspondent November 9, 2016: Most of India is confused and in a state of panic after Prime Minister Narendra Modi announced on November 8 that 500 and 1000 rupee notes will no longer be accepted as legal tender. They will be replaced by new...

Finance Wealth Management

Get your tax affairs in order

International Finance DeskAugust 10, 2016

by International Finance DeskAugust 10, 2016

Raids on Google in Spain and France indicate just how much importance is being placed on tax evasion by authorities across the world Aziz Rahman August 10, 2016: In June, tax inspectors raided Google’s offices in Madrid, Spain. Just over a month earlier, dozens of investigators went into Google’s offices in Paris, France to examine...

Economy

India clears historic GST Bill

International Finance DeskAugust 4, 2016

by International Finance DeskAugust 4, 2016

Likely to benefit through growth in investments and revenue August 4, 2016: With the passage of the Goods and Services Tax (GST) Constitutional Amendment of Bill in the Upper House of Parliament on August 4, a decade-long wait finally came to an end. Many term it as the next big reform in India after liberalisation...

Economy

Saudi Arabia mulling over income tax on expats

International Finance DeskJuly 15, 2016

by International Finance DeskJuly 15, 2016

However, economists do not think the plan will see the light of the day Suparna Goswami Bhattacharya July 15, 2016: With an eye on increasing its non-oil revenue, Saudi Arabia is considering a plan to tax millions of expats residing in the Kingdom. The proposal was included in the country’s National Transformation Plan (NTP), an...

Banking

‘Panama Papers allegations are not representative of offshore financial industry’

International Finance DeskApril 5, 2016

by International Finance DeskApril 5, 2016

The overwhelming majority of the offshore sector only provides services that are fully compliant and legal Nigel Green April 5, 2016: The allegations made in the Panama Papers case are not representative of the international financial services industry. Regards the leak of confidential documents from Panamanian law firm Mossack Fonseca, like many people, I have...

Economy

Too early for a fair assessment

International Finance DeskJune 15, 2015

by International Finance DeskJune 15, 2015

Prime Minister Narendra Modi’s government has shown great resolve in trying to tackle problems faced by the Indian economy in its first year in office Giovanni Puglisi June 15, 2015: Since the election one year ago, Indian Prime Minister Narendra Modi has energetically toured the world meeting foreign political and business leaders, promoting his government...

Fintech

Changing the rules of the game

International Finance DeskMay 28, 2015

by International Finance DeskMay 28, 2015

A look at the laws governing tax residency in India Pallavi Singhal May 28, 2015: Tax residency is at the core of any taxation system as it determines the sovereign right of a country to tax income. The tax residency determines whether a tax payer is liable to pay tax on global income or source...

Economy

A Billion-dollar Opportunity for Developing Countries

International Finance DeskNovember 19, 2013

by International Finance DeskNovember 19, 2013

BY OTAVIANO CANUTO. 19th November 2013 The decision last week by the Swiss government to sign the OECD’s somewhat lengthily named Convention on Mutual Administrative Assistance in Tax Matters is the latest of a series of developments that have radically increased the amount and quality of tax information available to governments. For developing countries, being...