Tax Evaders

Past attempts to widen Pakistan’s tax net have largely fizzled. But officials argue that the new focus on social media gives them stronger leads and a faster way to flag undeclared wealth.

Tax proposals should be planned and implemented like test cricket

A tax plan should be designed to minimise distortions and promote economic efficiency. This involves aligning tax rates and incentives with desired economic behaviours, avoiding excessive complexity, and encouraging productivity, investment and innovation

Indian tax drive offers no relief, to yield little cash for govt

The Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won't be pursued by the authorities if they pay a penalty now to clear their name.

CBDT to look into high value transactions to trace tax evaders

In order to identify tax evaders, the Income Tax department on June 17 said it will use 360 degree profiling and match the database of people filing returns with those of information about high value transactions.

I-T dept to 'name and shame' habitual tax evaders

The Income Tax department has decided to name and shame "chronic" tax defaulters by publicising their names and addresses.

Working on transparent GAAR mechanism: Eco Secy Gopalan

Speaking to CNBC-TV18, Economic Affairs Secretary R Gopalan said the government was working on an easy, transparent mechanism to implement GAAR.

President for fighting black money war domestically, abroad

Amid growing concern over the problem of black money, President Pratibha Patil today said the war against the menace should be fought through domestic and cross-border measures.

US starts new offshore amnesty for tax cheats

Wealthy tax evaders with assets stashed offshore can come clean with US authorities under a new amnesty program letting them pay taxes with reduced penalties, the government said on Tuesday.

OECD wants more Swiss help in tax cheat hunt

The Organisation for Economic Co-operation and Development (OECD) wants Switzerland to make the international hunt for tax evaders easier, a Swiss newspaper reported on Sunday.

Greece gets tough on tax cheats, shuts night clubs over VAT

Greece, struggling to cut deficits and dig out of its debt crisis, is getting tougher on tax evaders, enforcing a new law that allows immediate closure of businesses that violate tax regulations.