Should round tripping be banned? Aug 25, 2008
Unlike treaty shopping, round tripping (where money is routed back into the country by local investors through tax havens like Mauritius) is not regarded to serve any purpose apart from aiding in the evasion of tax in India. Round tripping is not prohibited under Indian laws. (India Times)
Finance Ministry advises CEPS on its operations Jun 13, 2008
Mr Yankyera called on importers and exporters to comply with customs rules and regulations, by fulfilling their tax obligations and declaring correct information on their goods to enable them to pay the appropriate tax and duties, warning that, evasion of tax attracts huge penalty. He said for exhibiting honesty and sincerity in tax declaration some 146 manufacturing companies are not subjected to serious examination of their goods however, periodically random checks are conducted and urged... (Ghana Web, Ghana)
Government urged to enforce the Investment Code Nov 15, 2007
The problem has also led to the importation of inferior goods, evasion of tax, as many foreign businesses, which registered as importers and distributors of goods, have branched into the retail sector, they said in a protest against the invasion of the retail trade by foreigners, especially Chinese, Nigerians, Indians and Turks. Addressing a rally held by the Ghana Union of Traders Associations (GUTA) after a protest march, Mr George Kweku Ofori, Acting President, said every country had laws and... (Ghana Web, Ghana)
Sars destroys 1.2 million cigarettes in crackdown Sep 7, 2007
" Andre Martin, BAT South Africa's corporate affairs manager, said it was a member of the tobacco industry body, the Tobacco Institute of SA, through which meetings were held "from time to time" with customs on the issue of illicit trade in cigarettes. "Our co-operation with customs is in terms of creating awareness around illicit trade, which includes both counterfeiting and evasion of tax on tobacco products and providing information on illicit trade. "Illicit trade in cigarettes is a growing... (Business Report, South Africa)
Local briefs May 30, 2007
on Tuesday, was convicted in January of conspiracy to defraud the IRS, evasion of tax payments, failure to pay employees' taxes and obstruction of due administration of tax revenue laws. The IRS said Suttles failed to pay personal and business income taxes, and withhold taxes for his business. (Pensacola News Journal)
NCCE holds forum on taxation in Takoradi Mar 15, 2007
Mr Sarpong said tax offences that attracted penalties include failure to register, issue tax invoice and maintain proper records as well as evasion of tax payment. He said these offences as well as the reluctance of government institutions to purchase from VAT registered traders and inadequate logistics were some of the factors hampering effective collection of the tax. (Ghana Web, Ghana)
A decade for 'Dr. Dino' Jan 20, 2007
Suttles was convicted on 10 counts of tax conspiracy to defraud the IRS, evasion of tax payments, failure to pay employee taxes and obstruction of due administration of tax revenue laws. Most of the government's case against Suttles centered around the operation of his jewelry store, Diamond Brokers of Northwest Florida Inc., on U.S. 98 near Blue Angel Parkway. (Pensacola News Journal)
Key players in the Suttles trial Jan 10, 2007
He faces 10 charges, including conspiracy to defraud the IRS, evasion of tax payments, failure to pay employee taxes and obstruction of tax-revenue laws. Mary R. Ham, 56, is Suttles' longtime friend and business associate. (Pensacola News Journal)
Suttles tax trial begins Jan 8, 2007
He faces 10 charges, including conspiracy to defraud the IRS, evasion of tax payments, failure to pay employee taxes and obstruction of tax revenue laws. Mary R. Ham, 56, is Suttles' longtime friend and business associate. (Pensacola News Journal)
Ban likely on sale of arrack Jan 1, 2007
The growth rate recorded is 22 per cent. Many cases of large-scale evasion of tax by dealers in plywood-lamina were detected. In one case, two "dealers" were found to have evaded tax to the tune of Rs. (Hindu)
IRS accuses pair of failing to pay Sep 30, 2006
He is charged with 10 counts of tax conspiracy to defraud the IRS, evasion of tax payments, failure to pay employee taxes and obstruction of due administration of tax revenue laws. "Technically, you could be sentenced up to 48 years if found guilty on each of these counts," Davis said, urging Suttles to reconsider his decision given the complexity of federal rules of evidence, criminal rules of procedure and IRS tax laws. (Pensacola News Journal)
Diamond broker in IRS flap Sep 23, 2006
He is charged with conspiracy to defraud the IRS, evasion of tax payments, failure to pay employee taxes and obstruction of due administration of tax revenue laws. Suttles' longtime friend, Mary Ham, with whom he has a 17-year-old daughter, is a co-defendant on one charge of conspiracy to defraud the IRS.. (Pensacola News Journal)
Liquor manufacturers start paying taxes Aug 6, 2006
NEW DELHI: Facing heat from the Income Tax department, which is tightening the noose around them for their alleged evasion of tax and "payment" to some "VIPs", the liquor manufacturers have started giving back their dues to the government. At least two liquor companies have made full payment of taxes, amounting to around Rs eight crore, while several others are in the queue to clear their names, IT sources said here. (India Times)
Chautala may face IT probe May 6, 2006
According to sources, the Income Tax Department can take suo motu cognisance of the revelations made by the CBI in the disproportionate assets case and probe into any possible evasion of tax by the Chautalas. Meanwhile, CBI sources said the investigators were still making an elaborate assessment of the various disproportionate assets detected by the agency during its raids in 24 places of Chautalas spread across six states and union territories yesterday. (The Tribune)
