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WORLD TAXES
Biggest Tax Evasion Cases in UK

Biggest Tax Evasion Cases in UK

We have given here a list of the UK’s biggest and top tax evasion cases here. DOMINIC CHAPPELL Dominic Chappell, a UK top businessman who bought a UK based retailer BHS from Philip Green for…

WORLD TAXES
FBR and PTA Introduced Temporary Registration of Mobile Phones

FBR and PTA Introduced Temporary Registration of Mobile Phones

Federal Board of Revenue (FBR) and Pakistan Telecommunication Authority (PTA) have jointly introduced / launched a temporary registration of Mobile Phones to facilitate overseas Pakistanis. To address the repeated concerns raised by Overseas Pakistanis (including…

WORLD TAXES
UAE to introduce Corporate Tax on Business Profits from June 1, 2023

UAE to introduce Corporate Tax on Business Profits from June 1, 2023

The United Arab Emirates (UAE) Government is going to introduce a federal corporate tax rate on profits of businesses. UAE is initiating this step first time from June 1, 2023. Finance Ministry of UAE announced…

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…