Tsipras confident of winning dispute with European creditors
Says there is room for breakthrough without blackmail...
Tag : tax
Brexit may change growth rate from 2.2% to 1.4%
UK companies to benefit from cut in corporation tax IFM Correspondent November 25, 2016: Chancellor Philip Hammond delivered the last Autumn Statement this year and said that the government is focused on preparing and supporting the economy as they begin to write a new chapter in the country’s history. Hammond spoke about tackling the weaknesses in...
Tax compliance gets easier for companies
But post filing challenges still persists November 18, 2016: Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on businesses, says the latest edition of Paying Taxes 2017, a report by The World Bank Group and PwC. The report finds that the Total Tax Rate decreased by 0.1...
India demonetises currency to move away from cash
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...
India withdraws high denomination currency overnight
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...
Get your tax affairs in order
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...
India clears historic GST Bill
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...
Saudi Arabia mulling over income tax on expats
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...
‘Panama Papers allegations are not representative of offshore financial industry’
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...
Too early for a fair assessment
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...