Thursday, 18 August, 2022
TopicTax evasion

Topic: Tax evasion

Shakira faces trial, could go to jail for ‘defrauding’ Spain of 14.5 mn euros

Prosecutors call for 8+ year jail term for singer in case of alleged tax evasion after she rejects plea deal. Shakira slams govt for 'complete violation of her rights'.

Akshata Murty’s ‘financial impropriety’ case is a ‘white tax’ on brown, successful Rishi Sunak

For Indians who know what Narayana Murthy and Infosys have stood for, the tax row involving UK chancellor's wife will be no more than a lynching of a high-flying brown person.

What lies next for Kanpur perfumer Peeyush Jain, and why he may never see the Rs 197 cr seized

GST officials say Peeyush Jain’s case will take at least six months to investigate since he is likely to be charged with multiple offences involving multiple agencies.

Pandora Papers show stringent laws alone won’t deter rich Indians engaged in financial jugglery

The Modi govt will have to come up with out-of-the box ideas such as drastic reduction in income tax slabs to stop capital flight.

India’s answer to tax-evasion lies in blockchain

Modi govt must consider putting GST collection on blockchain, which is a technocratic solution and need not be managed by the State.

Pakistan will forgive tax evaders if they invest black money in Imran’s govt housing scheme

Pakistan will look the other way if people invest black money in construction projects such as PM Imran Khan’s Naya Pakistan Housing Program by 31 Dec.

Actor Vijay under scrutiny over alleged tax evasion, fans trend #WeStandWithVijay

I-T officials search properties of AGS Cinemas, producer of Vijay’s latest film Bigil, the film’s financier Anbu Cheliyan as well as actor's Chennai residence. Claim to have found Rs 77 cr in Cheliyan's property.

Fake firms, fake invoices and credit fraud — how it went all wrong for GST in just 2 years

GST authorities are registering evermore tax evasion cases as tech failure, lack of oversight and a lax approach have left India’s indirect tax regime vulnerable.

Tax evasion threatens India’s budget goals amid economic slowdown

Poorer tax compliance is adding to the govt's revenue collection woes as consumption, which contributes almost 60% of India’s GDP, takes a knock.

China is stifling its own movie business

China, the world’s second largest cinema-market, battles tough govt censorship, while a clamp down on tax evasion is spooking investors.

On Camera

YourTurn

Representative image | Bangladesh PM Sheikh Hasina (L) with Chinese premier Xi Jinping (R) | MFA China

Nepal to Bangladesh, nations mounting small acts of big rebellion against China, US

Pakistan, Bangladesh, Sri Lanka and the Maldives reiterated their commitment to the One-China Policy—but on their own terms.
Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

IAF Su-30 MKI aircraft | Twitter | @DefencePRO_Guj

Russian defence industry team to visit India soon for talks on upgrading IAF’s Sukhoi fleet

Upgrades would include more better radar & integration of electronic warfare abilities. Russia also hopeful of inking deal with India to supply 12 more Su-30 MKIs and 21 MiG-29s.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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