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WORLD TAXES
World’s 10 richest men doubled their wealth during Covid: Report Says

World’s 10 richest men doubled their wealth during Covid: Report Says

The world’s 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday. Oxfam said the men’s wealth jumped from $700…

WORLD TAXES
US and Turkey agree to end digital services tax

US and Turkey agree to end digital services tax

The United States and Turkey have agreed to terms for withdrawal of Turkey’s digital services tax that largely targeted highly profitable U.S. technology giants and will transition to a new global taxation agreement in 2023,…

WORLD TAXES
Sri Lanka Charged Tax on Vehicles Crashed in Road Accidents

Sri Lanka Charged Tax on Vehicles Crashed in Road Accidents

COLOMBO: Sri Lanka slapped a tax on road accidents in a drastic austerity budget unveiled Friday as the country faces a major foreign exchange crisis. Finance Minister Basil Rajapaksa said vehicle accidents will be taxed…

WORLD TAXES
FATF declares Its Decision on Pakistan’s Grey List Status

FATF declares Its Decision on Pakistan’s Grey List Status

In its recently held hybrid Plenary meeting, the Financial Action Task Force (FATF) has decided to keep Pakistan on the grey list. Pakistan will remain on the grey list till it addresses both items on…

WORLD TAXES
Pandora Papers Leaks Financial Secrets of Pakistan’s Rich and Powerful exposed

Pandora Papers Leaks Financial Secrets of Pakistan’s Rich and Powerful exposed

A leaked data on offshore companies that is larger in size than the Panama Papers, exposed the financial secrets of the global rich and powerful, including politicians, financiers, retired generals, media owners and businessmen. Who…

WORLD TAXES
World’s highest inheritance tax story of Samsung chairman Lee Kun Hee

World’s highest inheritance tax story of Samsung chairman Lee Kun Hee

Lee Kun-hee (9 January 1942 – 25 October 2020) was a South Korean businessman and industrialist who served the chairman of Samsung Group from 1987 to 2008 and from 2010 to 2020. With an estimated net worth of US$21…

WORLD TAXES
Countries with the highest sales tax rate on retailers

Countries with the highest sales tax rate on retailers

An analysis is provided here of different countries with the highest sales tax rates on their retail sector on the sale of their goods and services. Those countries have a general VAT (sales tax) rate…

WORLD TAXES
Rich countries Under Criticism Over G7 Tax Deal

Rich countries Under Criticism Over G7 Tax Deal

Anti-poverty activists on Monday criticized the agreement reached by seven rich countries (G7) to impose a minimum tax on multinational companies, saying it would benefit rich countries at the expense of the poor. The finance…

WORLD TAXES
Tax Deadline 2021 for World Corporate Income Taxes

Tax Deadline 2021 for World Corporate Income Taxes

Here, Tax deadlines for 2021, Income Tax Due dates or Tax Calendar is given for Individuals, Association of Persons (AOPs) and Company (Corporate Sector) of Pakistan and for World Corporate Income Tax deadlines for all…

WORLD TAXES
IRS Covid Tax Tips

IRS Covid Tax Tips

A complete list of tax tips issued by the Inland Revenue Service (IRS) of USA regarding coronavirus (COVID-19) tax reliefs and Economic Impact Payments for ready reference. What employers need to know about repayment of…

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