Latest News for: Offshore tax

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Express Impact | Panama Papers: Rs 13,800-cr ‘undisclosed assets’ unearthed, Rs 145-cr tax collected

Financial Express 03 Apr 2025
Nine years after The Indian Express lifted the veil on a web of offshore shell companies created for clients to route money to tax havens, as part of the Panama Papers investigation, authorities have ...
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On this day: Motorola executive Martin Cooper made the first handheld mobile phone call in 1973

Philenews 03 Apr 2025
1860 ... 1865 ... 1882 ... Joseph, Missouri. 1936 ... 1948 ... The “Panama Papers,” a collection of 11.5 million documents detailing offshore financial activities of numerous global figures, were leaked, exposing widespread tax evasion and financial secrecy.
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Using Binance in India? Tax Crackdown Targets 1% TDS Dodgers Harshly

Coin Edition 02 Apr 2025
Traders face a 30% tax on total turnover instead of just profits ... India’s tax authorities intensified their crackdown on cryptocurrency traders using offshore exchanges like Binance ... Tax on Turnover, Not Just Profits.
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Jim Ratcliffe: Labour’s North Sea shutdown raises threat of UK blackouts

The Daily Telegraph 02 Apr 2025
The US taxes the oil and gas industry at 21pc – the same corporate rate as other industries, with a total effective tax take from offshore operations of around 40pc ... The US taxes the oil and gas ...
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DG of GST Intelligence blocks 357 links to illegal offshore gaming sites: MeitY

Hindustan Times 02 Apr 2025
... 79(3)(b) of the IT Act to online platforms to block offshore online money gaming apps and websites that evade the goods and services tax (GST) and do not appoint a person within India pay the GST.
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Billionaire Nassef Sawiris changes residency to Italy

Egypt Independent 02 Apr 2025
Wealthy individuals in Britain are facing a series of changes impacting their finances, including increased taxes on inherited assets and offshore wealth. This is prompting them to leave Britain for alternative destinations with lower tax burdens ... .
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Liberation Day? Big business plays tariff games while workers pay the price

People's World 02 Apr 2025
Neoliberal free trade policies accelerated the offshoring of jobs from the U.S ... – Taxing corporations that offshore jobs and use the revenue to retrain workers in other fields.
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Carlo Ancelotti faces trial in Spain over alleged tax fraud

Spanish News Today 01 Apr 2025
Carlo Ancelotti, the manager of Real Madrid, is set to appear in court in Spain this Wednesday April 2 to face allegations of tax fraud ... Ancelotti is not the first high-profile football figure to be scrutinised by Spanish tax authorities.
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[INTERVIEW] Demand for Korea Treasury bonds robust due to WGBI inclusion optimism: MarketAxess, NHIS

Korea Times 01 Apr 2025
... tax and foreign exchange rules for potential offshore KTB investors with the Belgium-based financial market infrastructure group specializing in the central securities depositories.Read More.
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Letters to the Editor: Make companies that offshore work pay into Social Security

The Morning Call 30 Mar 2025
Increase tax for companies that offshore work ... all take away jobs in America, why not require them to pay a 3% Social Security tax? They are saving tons of money at the expense of American workers.
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Another dumb Trump move that’s not just a gross mistake

Alternet 29 Mar 2025
Trump said worldwide automobile taxes, er, tariffs, will come into effect next week, on April 3, alongside Trump’s so-called reciprocal tariffs, due April 2 ... Cars imported from Canada and Mexico will be taxed based on the amount of non-U.S.
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Seychelles offshore firm shuts down after Pandora Papers investigation

Blitz 28 Mar 2025
A Seychelles-based offshore ... Established in 2008, Alpha Consulting operated as a key player in an international network of Russian-speaking financial services providers based in offshore tax havens.
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The flight of the millionaires will impoverish Britain

The Spectator 28 Mar 2025
... ‘non-dom’ tax regime ... All the new tax exiles had been willing to pay fair taxes but baulked at Starmer’s decision not only to tax their offshore income but also their foreign-based pensions and trusts.
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UK tax crackdown hits SA expats’ global wealth

Independent online (SA) 26 Mar 2025
Foreign income and gains kept offshore are not taxed ... “From April 6, non-domiciled residents will get three tax years, with tax rates set at 12% for the first two years and 15% in the final year, to remit their previously untaxed offshore funds.”.
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