Today, at the OECD Headquarters in Paris, Calixte Batossie Madjoulba, Ambassador of Togo in France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) in the presence of the OECD Deputy Secretary-General Ludger Schuknecht. Togo is the 136th jurisdiction to join the Convention.

In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.

The Income Tax (IT) Department is set to issue notices for suspected tax evasion to over 4 lakh high networth individuals (HNI) across the country who have been trading and investing in Bitcoin.

US Department of Justice said Bank Hapoalim and its Swiss subsidiary had helped launder more than $20 million in bribes and kickbacks for corrupt officials involved in the FIFA scandal.