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EU Regulator Moves Top Court to Make Apple Pay Over $14 Billion in Back Taxes
EU competition regulators appealed to the bloc's highest court on Tuesday to override a lower tribunal and make Apple pay a record EUR 13 billion ($14.3 billion or roughly Rs. 1,18,450 crore) in Irish back taxes. The case, which has far-reaching implications for corporate tax bills, is the most high-profile of EU antitrust chief Margrethe Vestager'...
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Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
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Centre To Introduce Bills On Corporate Tax In Lok Sabha Today
The government will introduce two important Bills in the Lok Sabha on Monday -- the Taxation Laws (Amendment) Bill and the International Financial Services Centres (IFSCs) Authority Bill.
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"Corporate Tax Cuts Revolutionary," says PM Modi: Updates
Prime Minister Narendra Modi will be a keynote speaker at a business summit today, which is set to be attended by eminent business and political leaders including Bill Clinton, former International Monetary Fund chief Christine Lagarde and several top CEOs of Fortune 500 companies.
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30 Years After Her Death, Hindi Poet Mahadevi Varma Served Tax Notice
Over 30 years after her death, a civic body in Uttar Pradesh sent a notice to Hindi poet and activist Mahadevi Varma asking her to pay a pending tax of Rs 44,816 and to "appear in person" before the officials. The notice sent by the Allahabad Municipal Corporation (AMC) also warned if Ms Varma failed to do so, her house in Nevada, Ashok Nagar, woul...
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Congress MP Ashok Chavan Criticises Shiv Sena President Uddhav Thackeray Over GST
Maharashtra Congress president and lawmaker Ashok Chavan today criticised Shiv Sena chief Uddhav Thackeray for red-flagging certain provisions of the draft State Goods and Services Tax (SGST) bill despite the Shiv Sena earlier welcoming the passage of the GST bill in Lok Sabha.
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Uddhav Thackeray Gets House Call As Sena Sulk With BJP Extends To GST Tax
The landmark national services tax which is to be introduced in July has still not got the approval of the Shiv Sena, a key member of Prime Minister Narendra Modi's coalition government. The Goods and Services Tax or GST, which replaces a jumble of levies, often varying from one state to another, has been made law by parliament.
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UK Lawmakers Say Facebook May Have Broken Tax Rules
Facebook said it would ditch a corporate structure that helps minimise its UK tax bill, prompting lawmakers and campaigners to ask whether the arrangement had ever complied with UK tax rules.
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Dell-EMC Deal Threatened by Possible $9 Billion Tax Bill: Report
Dell, which is trying to become a giant in the fast-growing market for managing and storing corporate data, struck a deal in October to buy EMC.
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Fresh anger over Amazon's UK tax bill
Amazon used a subsidiary registered in Luxembourg to limit its British corporation tax bill.
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In 'fiscal cliff' bill, White House was key to corporate tax breaks
As the US Congress rushed last week to approve a "fiscal cliff" tax bill that raised income taxes on the wealthy, Washington lobbyists were fretting over a drama that was playing out within the negotiations: whether the bill would include about $64 billion in tax breaks for businesses.
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Soon, no professional tax for differently-abled persons in Tamil Nadu
In a move aimed at benefitting the differently-abled people, Tamil Nadu government has planned to amend the Urban Local Bodies Acts to exempt them from the payment of professional tax. Tamil Nadu Minister for Municipal Administration and Rural Development KP Munusamy introduced a bill to further amend the laws relating to the Municipal Corporations...
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EU Regulator Moves Top Court to Make Apple Pay Over $14 Billion in Back Taxes
EU competition regulators appealed to the bloc's highest court on Tuesday to override a lower tribunal and make Apple pay a record EUR 13 billion ($14.3 billion or roughly Rs. 1,18,450 crore) in Irish back taxes. The case, which has far-reaching implications for corporate tax bills, is the most high-profile of EU antitrust chief Margrethe Vestager'...
-
Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
-
Centre To Introduce Bills On Corporate Tax In Lok Sabha Today
The government will introduce two important Bills in the Lok Sabha on Monday -- the Taxation Laws (Amendment) Bill and the International Financial Services Centres (IFSCs) Authority Bill.
-
"Corporate Tax Cuts Revolutionary," says PM Modi: Updates
Prime Minister Narendra Modi will be a keynote speaker at a business summit today, which is set to be attended by eminent business and political leaders including Bill Clinton, former International Monetary Fund chief Christine Lagarde and several top CEOs of Fortune 500 companies.
-
30 Years After Her Death, Hindi Poet Mahadevi Varma Served Tax Notice
Over 30 years after her death, a civic body in Uttar Pradesh sent a notice to Hindi poet and activist Mahadevi Varma asking her to pay a pending tax of Rs 44,816 and to "appear in person" before the officials. The notice sent by the Allahabad Municipal Corporation (AMC) also warned if Ms Varma failed to do so, her house in Nevada, Ashok Nagar, woul...
-
Congress MP Ashok Chavan Criticises Shiv Sena President Uddhav Thackeray Over GST
Maharashtra Congress president and lawmaker Ashok Chavan today criticised Shiv Sena chief Uddhav Thackeray for red-flagging certain provisions of the draft State Goods and Services Tax (SGST) bill despite the Shiv Sena earlier welcoming the passage of the GST bill in Lok Sabha.
-
Uddhav Thackeray Gets House Call As Sena Sulk With BJP Extends To GST Tax
The landmark national services tax which is to be introduced in July has still not got the approval of the Shiv Sena, a key member of Prime Minister Narendra Modi's coalition government. The Goods and Services Tax or GST, which replaces a jumble of levies, often varying from one state to another, has been made law by parliament.
-
UK Lawmakers Say Facebook May Have Broken Tax Rules
Facebook said it would ditch a corporate structure that helps minimise its UK tax bill, prompting lawmakers and campaigners to ask whether the arrangement had ever complied with UK tax rules.
-
Dell-EMC Deal Threatened by Possible $9 Billion Tax Bill: Report
Dell, which is trying to become a giant in the fast-growing market for managing and storing corporate data, struck a deal in October to buy EMC.
-
Fresh anger over Amazon's UK tax bill
Amazon used a subsidiary registered in Luxembourg to limit its British corporation tax bill.
-
In 'fiscal cliff' bill, White House was key to corporate tax breaks
As the US Congress rushed last week to approve a "fiscal cliff" tax bill that raised income taxes on the wealthy, Washington lobbyists were fretting over a drama that was playing out within the negotiations: whether the bill would include about $64 billion in tax breaks for businesses.
-
Soon, no professional tax for differently-abled persons in Tamil Nadu
In a move aimed at benefitting the differently-abled people, Tamil Nadu government has planned to amend the Urban Local Bodies Acts to exempt them from the payment of professional tax. Tamil Nadu Minister for Municipal Administration and Rural Development KP Munusamy introduced a bill to further amend the laws relating to the Municipal Corporations...
