Category: Income Tax
Is Tax Avoidance A Crime In The Uk?
There are financial and criminal penalties involved in tax evasion. Other instances can be civil or criminal. Generally speaking, HMRC deals with all types of fraud and evasion through civil processes. The severity of your tax evasion depends on how large a jail sentence you can expect, assuming you are charged with tax evasion. ... - Continue reading
How To Evade Taxes Canada?
In order to hide income or inflate expenses, intentionally overstating receipts or claiming in the wrong ways, hiding income, or lying to the Canadians, tax evasion can be considered in this regard. The goal is to gain as many benefits from compliance as possible in violation of the law, whereas aggressive tax avoidance is to evade compliance. ... - Continue reading
Russia submits a proposal to revise the DTT with Switzerland
The Russian Ministry of Finance has sent a proposal to its Swiss colleagues requesting amendments to the current double taxation treaty (DTT) between Russia and Switzerland ... - Continue reading
Israeli tax circular addresses intercompany recharges from stock-based compensation
In 2018, the Israeli Supreme Court ruled that stock-based compensation must be added to the cost base for transfer pricing purposes. ... - Continue reading
Often Overlooked Exception to Withholding and Reporting Requirements under FATCA
An often overlooked exception to U.S. withholding taxes may result in a lower overall U.S. tax burden. ... - Continue reading
7 Ways You’re Accidentally Committing Tax Fraud
Not every fraud artist is a sketchy identity thief or faux Nigerian prince from the dark corners of the internet. In fact, you might end up committing accidental tax fraud or accidental tax evasion yourself if you don’t pay careful attention during this tax season. ... - Continue reading
Ten-year tax incentives granted to special technology zones
The government has granted a comprehensive duty and tax incentives for a period of 10 years to investors operating in the proposed special technology zones (STZs), sources in the Federal Board of Revenue (FBR) said on Monday. The incentives also include immunity from explaining the source of funds to be… – Continue reading
Croatia to initiate tax treaty negotiations with the United States
The government of the Republic of Croatia, on September 30, adopted a decision to initiate proceedings to conclude a convention with the United States on the avoidance of double taxation and the prevention of tax evasion with respect to taxes on income. ... - Continue reading
Enforcement Notification – Summerside psychiatrist fined over $215,000 for personal and corporate tax evasion
A peak into the treatment of a tax evasion investigation conducted by the CRA. ... - Continue reading
Wilful income tax evasion may land you in jail for up to seven years
Cases where the amount of tax sought to be evaded or tax on under-reported income is lesser than ₹25 lakh, the person can be punished with imprisonment of at least three months and up to two years and with fine. ... - Continue reading
Tax office accused of heavy-handed approach to suspected income tax fraud
The tax office is under fire again for its handling of fraud investigations after it emerged that tens of thousands of taxpayers were subject to excessive checks and penalties on their income tax return. ... - Continue reading
Cyprus: Announcement – Cyprus Investment Programme
New declaration for companies operating in Cyprus. ... - Continue reading
Canada: Canada-US Tax Treaty – A Canadian Tax Lawyer Analysis
More on the Canada-US tax treaty. ... - Continue reading
Guernsey: Guernsey’s New Mandatory Disclosure Rules Regulations
New income disclosure laws are here for Guernsey. ... - Continue reading
