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Income Tax Department Said to Target Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown
The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and payments via banks, Google Pay, and cash. Binance’s re-entry in 2024, following a $2.25 million (Rs. 20 crore) fine and registration with the FIU, has give...
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'India Proved Doubters Wrong...': IMF Chief's Praise In Global Economy Meet
IMF chief Kristalina Georgieva praised India's 'bold economic and structural reforms' - from revised direct and indirect tax laws to the mass rollout of a digital payments ecosystem - on the first day of a meeting of world financial leaders.
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UK Billionaire Nik Storonsky Moves To UAE, Becomes The Latest Ultra-Rich CEO To Leave London
Britain's Billionaire Exodus: His departure is part of a growing trend of ultra-wealthy individuals leaving the UK due to tax policy changes.
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RBI-Backed Digital Currency to Be Launched in India, Union Minister Piyush Goyal Says
The country will launch an RBI-backed digital currency to discourage unbacked cryptocurrencies. Union Minister Piyush Goyal said heavy taxation will deter risky tokens, while the new digital rupee enables faster, traceable payments. Experts see the move as a shift from a "tax-and-tolerate" approach to stricter oversight, favouring compliance-aligne...
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UK's Keir Starmer Announces Plans To Launch Digital ID Scheme To Curb Illegal Immigration
UK Prime Minister Keir Starmer on Friday announced plans to introduce free digital ID for both nationals and those residing in the country in a bid to curb illegal migration.
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Ukraine’s Parliament Backs Draft Law to Legalise, Tax Crypto and Virtual Assets
Ukraine’s parliament has approved the first reading of a crypto legalisation bill that introduces an 18 percent tax on digital asset profits. Lawmakers believe the framework could help recover up to $10 billion (roughly Rs. 88,000 crore) lost to crypto crime while aligning with EU rules. The move signals Ukraine’s intent to integrate crypto int...
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Mark Zuckerberg Pressed Donald Trump On Digital Taxes Before Tariff Vow
President Donald Trump threatened to inflict "substantial" tariffs on countries that impose digital taxes just days after Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg raised concerns about the levies during a White House meeting.
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What Is A Digital Services Tax That Can Increase Trump Tariffs
A Digital Services Tax (DST) is a levy on the revenue that large digital companies earn from users in a country, even if the company has no physical office there.
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"Show Respect Or Consider Consequences": Trump's Latest Tariff Threat
US President Donald Trump has threatened on Monday to impose "substantial" new tariffs to restrict American chip exports to all countries that impose digital services taxes and related regulations on US tech firms.
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Amazon 'Applauds' Canada's Scrapping Of Tech Tax
Amazon said Tuesday it "applauds" Canada's decision to scrap its digital services tax in order to salvage trade talks with the United States, calling it a win for the online retailer's customers.
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US Canada Resume Trade Talks Days After Trump Ended It Over Tax On Tech Firms
Canadian Prime Minister Mark Carney said late Sunday trade talks with US have resumed after Canada rescinded its plan to tax US technology firms.
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Canada To Continue To Conduct "Complex Negotiations" With US: Mark Carney
Canadian Prime Minister Mark Carney called the negotiations with the United States "complex" when he responded to the announcement of US President Donald Trump to terminate all trade talks with Canada with potential new tariffs.
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Digital Services Tax: Trump's Latest Beef With Canada
The Digital Services Tax requires foreign and domestic large businesses to pay revenue tax that is earned from engaging with online users in Canada.
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Trump Ends Trade Talks With Canada Over Tax On US Tech Firms
President Donald Trump said Friday that he is calling off trade negotiations with Canada in retaliation for taxes impacting major US tech firms, adding that Ottawa will learn of their tariff rate within a week.
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"Difficult Country": Trump Calls Off Trade Talks With Canada
US President Donald Trump said on Friday that he is calling off trade negotiations with Canada immediately, citing its digital services tax and adding that Ottawa will learn of their tariff rate within a week.
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Income Tax Department Said to Target Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown
The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and payments via banks, Google Pay, and cash. Binance’s re-entry in 2024, following a $2.25 million (Rs. 20 crore) fine and registration with the FIU, has give...
-
'India Proved Doubters Wrong...': IMF Chief's Praise In Global Economy Meet
IMF chief Kristalina Georgieva praised India's 'bold economic and structural reforms' - from revised direct and indirect tax laws to the mass rollout of a digital payments ecosystem - on the first day of a meeting of world financial leaders.
-
UK Billionaire Nik Storonsky Moves To UAE, Becomes The Latest Ultra-Rich CEO To Leave London
Britain's Billionaire Exodus: His departure is part of a growing trend of ultra-wealthy individuals leaving the UK due to tax policy changes.
-
RBI-Backed Digital Currency to Be Launched in India, Union Minister Piyush Goyal Says
The country will launch an RBI-backed digital currency to discourage unbacked cryptocurrencies. Union Minister Piyush Goyal said heavy taxation will deter risky tokens, while the new digital rupee enables faster, traceable payments. Experts see the move as a shift from a "tax-and-tolerate" approach to stricter oversight, favouring compliance-aligne...
-
UK's Keir Starmer Announces Plans To Launch Digital ID Scheme To Curb Illegal Immigration
UK Prime Minister Keir Starmer on Friday announced plans to introduce free digital ID for both nationals and those residing in the country in a bid to curb illegal migration.
-
Ukraine’s Parliament Backs Draft Law to Legalise, Tax Crypto and Virtual Assets
Ukraine’s parliament has approved the first reading of a crypto legalisation bill that introduces an 18 percent tax on digital asset profits. Lawmakers believe the framework could help recover up to $10 billion (roughly Rs. 88,000 crore) lost to crypto crime while aligning with EU rules. The move signals Ukraine’s intent to integrate crypto int...
-
Mark Zuckerberg Pressed Donald Trump On Digital Taxes Before Tariff Vow
President Donald Trump threatened to inflict "substantial" tariffs on countries that impose digital taxes just days after Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg raised concerns about the levies during a White House meeting.
-
What Is A Digital Services Tax That Can Increase Trump Tariffs
A Digital Services Tax (DST) is a levy on the revenue that large digital companies earn from users in a country, even if the company has no physical office there.
-
"Show Respect Or Consider Consequences": Trump's Latest Tariff Threat
US President Donald Trump has threatened on Monday to impose "substantial" new tariffs to restrict American chip exports to all countries that impose digital services taxes and related regulations on US tech firms.
-
Amazon 'Applauds' Canada's Scrapping Of Tech Tax
Amazon said Tuesday it "applauds" Canada's decision to scrap its digital services tax in order to salvage trade talks with the United States, calling it a win for the online retailer's customers.
-
US Canada Resume Trade Talks Days After Trump Ended It Over Tax On Tech Firms
Canadian Prime Minister Mark Carney said late Sunday trade talks with US have resumed after Canada rescinded its plan to tax US technology firms.
-
Canada To Continue To Conduct "Complex Negotiations" With US: Mark Carney
Canadian Prime Minister Mark Carney called the negotiations with the United States "complex" when he responded to the announcement of US President Donald Trump to terminate all trade talks with Canada with potential new tariffs.
-
Digital Services Tax: Trump's Latest Beef With Canada
The Digital Services Tax requires foreign and domestic large businesses to pay revenue tax that is earned from engaging with online users in Canada.
-
Trump Ends Trade Talks With Canada Over Tax On US Tech Firms
President Donald Trump said Friday that he is calling off trade negotiations with Canada in retaliation for taxes impacting major US tech firms, adding that Ottawa will learn of their tariff rate within a week.
-
"Difficult Country": Trump Calls Off Trade Talks With Canada
US President Donald Trump said on Friday that he is calling off trade negotiations with Canada immediately, citing its digital services tax and adding that Ottawa will learn of their tariff rate within a week.
