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ITAT Unmasks Capital Gains ‘Colourable Device’ by Restaurateur M Mahadevan; Upholds Tax Residency in India
16 Jun 2025 10:21 GMT
… claimed in his tax returns.
The tax department challenged the … textbook case of ill-legitimate tax planning using colourable devices.” … on the India–UAE double taxation avoidance agreement (DTAA), holding … to grant foreign tax credit for taxes already paid by …
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Trump’s ‘revenge tax’ could threaten foreign investment into US, analysts say
16 Jun 2025 05:08 GMT
… jurisdictions that impose “unfair foreign taxes” on US individuals and companies … service taxes and “diverted profits taxes” as unfair, along with any taxes that … a diverted profits tax designed to clamp down on tax avoidance by multinationals …
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How to get foreign tax credit in India
16 Jun 2025 01:51 GMT
… , again, where the taxpayer resides. FTC under Double Taxation Avoidance Agreement (DTAA) must … be applied along with domestic tax laws … .
Credit for state taxes
State taxes (say, US state taxes) are not covered …
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What are the tax rules for my children’s Indian bank interest if they live abroad?
15 Jun 2025 14:13 GMT
… respectively, they are considered tax residents in those countries … and taxable under its domestic tax rules.
Avoiding double taxation … in! India has double taxation avoidance agreements (DTAAs) with … This credit reduces their tax liability in their resident …
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ExxonMobil could very well consider it prudent to offer to pay some taxes to GRA and thereby earn legitimate certificates
15 Jun 2025 07:13 GMT
… Report particularly galling. Tax breaks and tax exemptions are standard … petroleum shall furnish proper tax certificates evidencing EMGL’s … of income and corporation tax respectively.
The GoG is … to facilitate ExxonMobil’s avoidance of US taxes – by a …
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How Corporate Tax Registration in UAE Supports Long-Term Business Growth
14 Jun 2025 12:56 GMT
… company registration and regular tax compliance are demanded by … and Proper Tax Registration
UAE early corporate tax registration … following way:
1. Avoidance of Penalties and Legal … further-afield markets. Tax preparedness and tax registration outside the …
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He once rebuked billionaires for not paying enough taxes. Now this historian says we need ‘moral ambition’ to fight tyranny
14 Jun 2025 11:25 GMT
… their fair share of taxes. (“Taxes, taxes, taxes. All the rest is … the (introduction of) income tax, labor and environmental regulations, … s animal factory farming or tax avoidance by billionaires.
But that … people who say, hey, tax me more. But for some …
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Dollar deal: Mayor says sale of parking garage is 'cost avoidance'
14 Jun 2025 00:07 GMT
… .
“I don’t know if taxpayers are keen on taking on … would be reflected on the tax rolls.”
Hosmer said he saw … as an opportunity for “cost avoidance” for the city.
“Right now …
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DOF welcomes mining tax reform bill ratification
13 Jun 2025 22:47 GMT
… reform updates the outdated tax structure governing the mining … fiscal regime by removing tax distinctions based on … and administration and discourage tax avoidance.
The bill includes provisions … projects by the same taxpayer. This safeguards against possible …
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Brazil Enforces 17.5% Flat Crypto Tax for All Investors
13 Jun 2025 18:53 GMT
… is finally changing the tax treatment of cryptocurrency gains … Investors
This measure redistributes tax burdens between segments … gap to prevent offshore tax avoidance.
Part of a Wider … gains—previously non-taxable.
Consider tax planning strategies: High …