Category: TV

Communications Tax: Experts Decry New Burden On Industry

In the last few weeks, a proposed communications service tax which sought to tax voice calls, SMS, MMS, Data and Pay TV used by subscribers has dominated the telecommunications space since it was presented as a bill before the national assembly with Nigerians describing it as another way of exploiting… – Continue reading

Verdict corner: DTAA or domestic law?

Retrospective amendments to domestic laws cannot override international treaties In a judgment that will have a far-reaching impact on double taxation issues, the Delhi High Court has held that Parliament cannot change the terms of an international treaty by bringing in amendments in the domestic law, and any such executive… – Continue reading

How Connery’s wife could be jailed over a £5.5m fraud: A luxury villa in the sun, a ruthless Mafioso mayor – and a plot as colourful as any Bond film. DAVID JONES investigates

While the latest Bond movie, Spectre, brings glowing praise for Daniel Craig, life is running rather less smoothly for the prototype 007. In truth, Sir Sean Connery’s personal story has never remotely resembled that of the unruffled agent he so consummately portrayed. Down the years, he has faced a plethora… – Continue reading

Shah RukhShah Rukh Khan grilled for 3 hours over alleged FEMA violations Khan grilled for 3 hours over alleged FEMA violations

An ED officer said, “In spite of earning a profit in the first few IPL seasons, Shah Rukh failed to provide any satisfactory explanation for selling the equity shares within a year, that too to a company situated in a tax haven”. Mumbai, November 11 (PTI): The Enforcement Directorate has… – Continue reading

John Malkovich Sues Over Swiss Account Allegations

Actor John Malkovich has sued the French daily paper Le Monde over false reports saying he had a secret Swiss account. The defamation suit is the latest proof that having an undisclosed account in Switzerland—or perhaps anywhere—is an embarrassment for anyone. Whether politician, public figure, or anyone else, no one… – Continue reading

Does tax avoidance among global corporates put UK SMEs at a disadvantage?

The spotlight is firmly on tax reduction among large global firms operating in the UK – but is the practice putting smaller domestic companies on the back foot? The HSBC tax scandal, wilfully fuelled by politicians looking to appear tough on what they call immoral tax practices, has put the… – Continue reading

Argue later but pay NOW says taxman: Shock order means big bills for thousands in avoidance schemes

Celebrities and major companies locked in legal battles over tax-avoidance schemes will be forced to pay up before their cases are resolved, under new rules to be introduced in this week’s Budget. The rules will hit 65,000 companies and individuals in dispute with the taxman over their use of complex… – Continue reading

£1billion ‘film tax bill for stars’: String of household names face paying huge sums over scheme that linked box office hits to tax breaks

Bob Geldof, Anne Robinson and Victoria Beckham said to be also among the 1,000 household names affected They each paid a minimum £100,000 to invest in a movie venture that promised to combine box office hits with tempting tax breaks A string of celebrities from David Beckham to Andrew Lloyd… – Continue reading