Cities such as Gurugram, Ghaziabad, Mumbai and Bengaluru are being targeted by Income Tax Department.Notices to taxpayers for the 2021-22 and 2022-23 ass

[Updated with video] “This inexcusable waste of taxpayers dollars lies squarely with Premier Burt and his colleagues,” OBA MP Craig Cannonier said following the government’s announcement that a “decision was made to pivot the Bermudiana Beach Resort to residential rental units.” The property, originally called Grand Atlantic, was built over a decade ago as a housing development, only […]

The Delaware Division of Revenue is warning the public of a new tax scam that’s happening in Delaware. Victims receive a letter from the “Tax Processing Unit” that threatens property seizure and wage garnishment unless the victim calls a toll-free number to “avoid enforcement.”

MONEY MATCH is One of Several Ongoing Initiatives to Increase the Return of Unclaimed Property to Owners The second week of September means it is time for back-to-school, pumpkin spice lattes, football, cool fall weather, and the State of Delaware’s annual MONEY MATCH check program. This week, the Delaware Office of Unclaimed Property will return […]

Half of the participants in the Taxing Times survey still find compliance with tax obligations difficult

Complete Tax Forms Fast, Easy, And Secure For Taxpayers And Accountants

The Income Tax Department has intensified scrutiny on dubious tax refund claims for the assessment years 2021-22 and 2022-23, issuing notices to multiple taxpayers across the country. ...

The Singaporean Government has announced it will amend provisions on transfer pricing adjustments in the draft Income Tax (Amendment) Bill 2021, which includes measures announced in the 2021 Budget, following a consultation.

HM Revenue and Customs has confirmed that UK businesses who wish to pay their deferred VAT liabilities in installments will be able to decide a payment schedule early next year.

Almost everyone Portfolio spoke to is hopeful of an increase in the tax exemption limit to at least ₹2 lakh

To complete this annual ritual by July 31, assessees have several options. It will help to keep abreast of the tweaks made every year

The transport company Optare is using the Government scheme despite owners - the Hinduja family - building a huge fortune. Pictured are the brothers Srichand and Gopi Hinduja.

Have you ever wondered who was paying to recycle that plastic bottle you just threw away?

There are few issues in education that raise as much political and ideological controversy as tuition fees for higher education.

Banks won't touch them they are so financially risky. So why does Obama want U.S. taxpayers to fund nuclear plants when there is a 50% chance they will fail?

Jeffrey A. Rosen, the Deputy Attorney General of the United States, Richard E. Zuckerman, the Principal Deputy Assistant Attorney General of the Justice Department’s Tax Division, Geoffrey S. Berman, the United States Attorney for the Southern District of New York, and Don Fort, the Chief of the Internal Revenue Service, Criminal Investigation (IRS-CI), announced today the guilty plea of Bank Hapoalim (Switzerland) Ltd. and filing of criminal charges against Bank Hapoalim B.M. for conspiring with U.S. taxpayers and others to hide more than $7.6 billion in more than 5,500 secret Swiss and Israeli bank accounts and the income generated in these accounts from the Internal Revenue Service (the IRS).  BHS’s Chief Executive Officer appeared on behalf of the bank to enter the guilty plea before U.S. District Judge Mary Kay Vyskocil.

Government marketers are spending an increasing amount of money on bringing so-called influencers to Australia, but is it money well spent?

(California Court of Appeal) - Affirmed. The court found that Senate Bill No. 1107 directly conflicts with Political Reform Act of 1974 and does not further the purposes of the Act.

(California Court of Appeal) - In a reverse validation action under Code Civ. Proc. section 863 challenging the propriety of school districts' use of lease-leaseback agreements in contracting for construction or improvement of school facilities, the trial court's judgment sustaining defendants' demurrer is: 1) reversed in part as to the conflict of interest claim where plaintiff has stated a claim of conflict of interest against the construction company-defendant sufficient to withstand a demurrer; but 2) otherwise affirmed.

(California Court of Appeal) - Affirmed. The court found that Senate Bill No. 1107 directly conflicts with Political Reform Act of 1974 and does not further the purposes of the Act.

Eyewitness News has learned that the Berlin High School football recruiting scandal may have cost Berlin taxpayers tens of thousands of dollars. Continue reading →

Congress Sets Up Taxpayers to Eat $454 Billion of Wall Street’s Losses. Where Is the Outrage?

By Pam Martens and Russ Martens: May 7, 2020 ~ Beginning on March 24 of this year, Larry Kudlow, the White House Economic Advisor, began to roll out the most deviously designed bailout of Wall Street in the history of America. After the Federal Reserve’s secret $29 trillion bailout of Wall Street from 2007 to 2010, and the exposure of that by a government audit and in-depth report by the Levy Economics Institute in 2011, Kudlow was going to have to come up with a brilliant strategy to sell another multi-trillion-dollar Wall Street bailout to the American people. The scheme was brilliant (in an evil genius sort of way) and audacious in employing an Orwellian form of reverse-speak. The plan to bail out Wall Street would be sold to the American people as a rescue of “Main Street.” It was critical, however, that all of the officials speaking to the … Continue reading →

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California's stay-at-home order due to the coronavirus reduced vehicle collisions on roadways by roughly half, saving taxpayers an estimated $1 billion.

On 23 September 2019, we published an article headlined 'Labour's tax bombshell: Corbyn's benefits splurge plot would cost taxpayers £520 billion' the article focused on Labour's potential objective of introducing a universal basic income and its associated costs.

Carmel is spending too much taxpayer money building expensive roundabouts when simpler ones would be enough, a letter to the editor says.

Economists have long known there are two reasons that people cheat on their taxes. One is that they are poor and need the extra cash so badly they are willing to risk getting caught. The other is that they are rich and have lots of "non-matchable" income -- mostly investment income not directly...

A petition is being circulated to get a $600,000 bridge replacement project near Millvale scrapped.

Interest in Section 12J has grown each year, with the current financial year being no different, says Jonty Sacks, a partner at Jaltech.

By the end of February, most taxpayers are looking for every opportunity to reduce their tax liabilities.

GSTN added that a taxpayer can now transfer the amount available in an electronic cash ledger from one major head to another major head, keeping the minor head the same.

The state accuses the ride-hailing apps of flouting a labor law by classifying drivers as independent contractors instead of employees.

Marco Parenti Adami, Emanuel Agustino, Michele Bergantino and Roger Schaerer, bankers at an international bank, were indicted by a federal grand jury in the Eastern District of Virginia and charged with conspiring with other Swiss bankers to defraud the United States.

Martin Lack, a former UBS AG banker who is currently an independent asset manager, has been charged with conspiracy to defraud the United States.

A federal court in California has permanently barred Gwenn Wycoff and Frank Ozak from forming trusts for others.

The Justice Department announced that late yesterday a federal court in San Francisco entered an order authorizing the Internal Revenue Service to serve a John Doe summons seeking information about U.S. taxpayers who may hold offshore accounts at Canadian Imperial Bank of Commerce FirstCaribbean International Bank.

Five Banks Directed to Produce Records for Accounts at Zurcher Kantonalbank, The Bank of N.T. Butterfield & Son Limited and Affiliates

Shokrollah Baravarian, of Beverly Hills, California, was charged today in the U.S. District Court for the Central District of California with conspiracy to defraud the United States.

Credit Suisse AG pleaded guilty today to conspiracy to aid and assist U.S. taxpayers in filing false income tax returns and other documents with the Internal Revenue Service.

Qui tam cases are a vital part of the Criminal Division’s future efforts. We encourage you to reach out to criminal authorities in appropriate cases, even when you are discussing the case with civil authorities. The sooner we on the criminal side learn about potential criminal conduct, the sooner we can investigate.

Complete Tax Forms Fast, Easy, And Secure For Taxpayers And Accountants

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance

India has launched a consultation on efforts to reform the country's 1961 income tax law, to be led by a newly constituted task force.

The Consumers Association of Penang (CAP) has called on the Malaysian Government to reintroduce inheritance tax in the Budget 2018.

New Zealand's Inland Revenue has announced that those who buy and sell property will be required to provide their IRD number on land transfer documentation, to improve the agency's ability to enforce the tax rules on property speculation.

Companies with a tax ruling dating from 2014 from the Irish Revenue have been encouraged to renew these before they expire.