Tax Haven

Many HNIs in India have been routing some of their investments through Mauritius, primarily to bid for shares in IPOs in the anchor book

EU adds three countries to its tax havens list

Turks and Caicos Islands, near the Bahamas and Cuba, are listed for the first time. The Bahamas were already once listed in 2018 and then taken off, and Anguilla once in 2020.

Russians liquidating crypto in the UAE to seek safe havens

The UAE, which has deepened ties with Russia over the years, has not matched sanctions imposed by Western nations and its central bank has not issued any guidance regarding the measures.

Tax havens sap resources needed to fight COVID-19

The 'State of Tax Justice 2020' report on the economic and social cost of international tax abuse pegs India's annual global loss at 45 percent of its public health expenditure

Why are Indians on the HSBC list in a rush to prove their NRI status?

The clincher here is that NRI earnings are not taxable in India and hence the charge of tax evasion would not hold water.

CBDT bans use of 'tax haven' in foreign black money info

With a number of foreign jurisdictions taking exception to the term "tax haven" being used for them, CBDT has directed that the expression be omitted in treaty communications sent by India eliciting information in black money probe cases.

Panama Papers: RBI warns against jumping to conclusions

Panama Papers have disclosed a list of nearly 500 Indians including celebrities and industrialists who have allegedly stashed money in offshore entities in Panama, considered to be a tax haven.

More compliant with intl tax laws than before: Luxembourg Dy PM

Etienne Schneider, the deputy prime minister of Luxembourg, says the country complies with all OECD and European Union rules. He says the country has never aided money laundering.

India no tax haven; FIIs must pay legitimate tax claims: FM

FIIs will not have to pay MAT on their gains this financial year onwards as announced in the Budget, but there is ambiguity on whether FIIs are liable to pay MAT on the gains of the previous years.

Vodafone threatens legal action against govt

Vodafone has threatened to take legal action against the Indian government, saying it has been denied justice.

India not tax haven: Pranab on Vodafone controversy

In a strong message to the critics of the retrospective amendment to the tax laws, Finance Minister Pranab Mukherjee on Tuesday asserted India is not a tax haven.

Black money estimates lack evidence: Switzerland

Days after CBI chief's statement that Indians are the largest depositors in Swiss banks, Switzerland on Thursday said such estimates and statistics lack evidence and are uncorroborated.

ED quizzes Unitech's Sanjay Chandra about Rs 230cr transfer

Enforcement Directorate questioned Sanjay Chandra, Unitech MD and an accused in the 2G spectrum allocation scam recently over investments made in a tax haven abroad.

Decision on tax havens important from G-20: Expert

Greece is not the only thing on the G-20 agenda although it has taken centre stage. Dealing with tax evasion and tax havens too were among subjects to be discussed. Shereen Bhan of CNBC-TV18 chats up Jeffrey Owens, director of the Centre of Tax Policy and Administration.