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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
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…

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PTI government considering another tax amnesty scheme

PTI government considering another tax amnesty scheme

Amnesty Scheme on foreign currency The PTI government is considering another amnesty scheme. It will be third in two years. On black foreign currency held by Pakistani nationals. Financial Action Task Force (FATF) and the…