Russian government closely monitoring Crypto Market to prevent Tax evasion

The Russia government is maintaining high scrutiny on the crypto market. The government is trying to prevent people from evading taxes by using these untraceable cryptocurrencies.

Highlights

• Russia government monitoring over crypto market
• Th...

TAXATION OFFICE OF AUSTRALIA ANNOUNCED ROLLOUT OF FACE VERIFICATION TECHNOLOGY

Highlights:

• The taxation office of Australia as announced the rollout of the face verification technology
• The rollout means that, it will soon be able for accessing the digital government services online

The Taxation Office of Austra...

TOKYO REGIONAL TAXATION BUREAU WORKER ARRESTED OVER SUSPICION OF FRAUD

Highlights –

• Tokyo Regional Taxation Bureau worker arrested over suspicion of fraud.
• The suspect is alleged to swindle coronavirus relief benefits by creating fake tax returns.
• The Aichi prefecture police arrested an employee named Yu...

100,000 YEN TAKEN MISTAKENLY FROM A RESIDENT IN NAGANO AS TAX MONEY

Highlights –

• 100,000 yen taken mistakenly from a resident in Nagano as tax money.
• The resident was mistaken for another person with the same name and date of birth.
• The prefectural govt. noticed the mistake after a notice of the seizu...

PM MODI LAUNCHES TRANSPARENT TAXATION PLATFORM, SAYS INDIA IS HONOURING THE HONEST

Highlights

• This new tax reform programme involves faceless assessment, faceless appeal and a tax payer charter that will provide improved experience for tax payers

• PM Narendra Modi said honest tax payers will play huge role in the building the nation

&b...

PM NARENDRA MODI TO LAUNCH ‘TRANSPARENT TAXATION’ PLATFORM ON AUGUST 13

Highlights

• Along with the Prime Minister Modi, this event will also be attended by the Union Finance Minister Nirmala Sitharaman and Minister Anurag Thakur

• The launch event of “Transparent Taxation” will be witnessed by different chambers of commerce,...

COURT VERDICT INVOLVING APPLE INC AND IRELAND INC THREATENS REPUTATION OF IRELAND TAX SYSTEM

HIGHLIGHTS

• Court verdict has come in a case that started in 2016.
• Government happy with verdict.
• Minister for Finance Paschal Donohoe has some substantial bullets to silence the critics of Republic.

The European Commission...

New taxation to unify finances

The finances of the Indian economy are a matter of discussion as they are increasingly growing volatile, and we should expect them to stay volatile as there is no sign, so them slowing down.

At a G 20 meeting, the finance ministers of the participating nations have talked and discussed ...

ATO discourages Uber promoting the local taxies

Managers crosswise over Australia who have been giving their staff a chance to utilize ride-sharing administrations, for example, Uber, instead of an authorized taxi, could be at risk for enormous duty charges, the Australian Taxation Office has affirmed. The ATOs choice comes after right around ...