Tax Evasion News
UBS Will Pay $511 Million to End Credit Suisse US Tax Probe
UBS Group AG agreed to pay $511 million to settle a US investigation into how Credit Suisse Group, the Swiss bank it bought, helped rich Americans evade taxes even after pledging to stop the practice a decade ago.
4 min read6 May 2025Will the new Income Tax Bill give govt access to your encrypted Whatsapp chats?
Finance Bill 2025: FM Sitharaman said the new Income Tax Law did not give legal backing to check digital assets. The government has added checking of digital elements in the Income Tax Act, which should provide legal backing.
2 min read26 Mar 2025Tax evasion vs tax avoidance: How are the two different?
Tax avoidance is entirely legal and entails leveraging loopholes, deductions, exemptions, and credits permitted by the tax code to reduce your tax obligation. Conversely, tax evasion is unlawful, involving intentional deception of tax authorities to evade paying owed taxes.
3 min read31 Mar 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared