Capitalism, tamed by the New Deal for nearly five decades after the Great Depression, has gone back to its robber-baron ways in the last three decades, with the collusion, aid and capture of political parties on the economic left and right
4 min read1 Oct 2018The Paradise Papers show how the wealthy and powerful use tax havenssome do it legitimately, others for re-routing illegal wealthto avoid or evade tax liabilities
4 min read15 Nov 2017Arun Jaitley says the govt will consider each case brought out by 'Paradise Papers' detailing financial holdings abroad of over 714 Indian entities and individuals on its 'individual merit'
1 min read7 Nov 2017The proposed EU blacklist on worldwide tax havens in the wake of Paradise Papers leak would apply only to non-European Union countries
2 min read6 Nov 2017Indian names in 'Paradise Papers' include Amitabh Bachchan, Vijay Mallya, Niira Radia and politicians Jayant Sinha and R.K. Sinha
4 min read6 Nov 2017The law will have to clearly separate the entity availing legitimate tax benefits from the one seeking to avoid taxes
4 min read22 Oct 2017A new research paper estimates that $8 trillion, or more than a tenth of the World GDP, was stashed away in tax havens in 2015
1 min read14 Sep 2017Inflows via P-Notes rose to Rs1.78 trillion in March from Rs1.70 trillion in February; As a percentage of total inflows from FPIs, it was unchanged from February's 6.6%
2 min read21 Apr 2017The Panama Papers are back in the spotlight after Pakistan Supreme Court ordered a probe into allegations of money laundering by PM Nawaz Sharif . Here's what they are
1 min read20 Apr 2017Cristiano Ronaldo, who picked up his fourth Ballon d'Or award, says the tax fraud allegations have been hard to bear for himself and his loved ones
1 min read13 Dec 2016The 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