Directors of Indian Shell companies that have not filed tax returns for at least three years have been disqualified from re-appointment or from being appointed to similar roles elsewhere, India’s finance ministry said. The move, part of a crackdown on illegal transactions and tax evasion, comes a day after authorities froze the bank accounts […]
Hong Kong and Saudi Arabia enter into double taxation pact
Hong Kong (HKSAR) – The Secretary for Financial Services and the Treasury, Mr. James Lau, on behalf of the Government of the Hong Kong Special Administrative Region, signed in Hong Kong today (August 24) a comprehensive agreement for the avoidance of double taxation (CDTA) with Saudi Arabia, which signifies the Government’s sustained efforts in expanding […]
HMRC probing Manchester United players over image rights tax dodge
HMRC is probing at least two Manchester United players over potential image rights tax dodging, as reported by the Daily Mail. The tax avoidance allegedly occurred under an agreement in the 2014-2015 season, where clubs would pay up to a fifth of their footballers’ total pay packages to ‘image rights’ companies rather than as […]
Japanese-Estonian taxation treaty
The government approved the taxation treaty agreement on Thursday to avoid double taxation between Estonia and Japan by handing over the power to the finance minister to sign the agreement on behalf of Estonia. The negotiations of the agreement between Estonia and Japan followed the direction of Estonia’s tax agreement policy of leaving the residential […]