tax evasion
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Business
GST Council Set to Deliberate on Health Insurance Tax Relief and Online Gaming Revenues
The GST Council is set to meet on Monday, September 9, 2024, to discuss a range of important issues, including the taxation of insurance premiums, recommendations on rate changes, and updates on the online gaming sector, according to sources. One of the key topics on the agenda is the GST on life, health, and reinsurance premiums. A report will be…
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UK
Tax Trouble: Indian-Origin Dentist Faces Charges for £53,528 Evasion
In England‘s West Midlands, an Indian-origin dentist named Jasbinder Singh has been told to pay £22,654 by tax authorities for not paying £53,528 in taxes. He was publicly named by His Majesty’s Revenue and Customs (HMRC) for intentionally not paying taxes from April 2012 to April 2018. The HMRC publishes names of individuals or businesses that deliberately evade over £25,000…
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Money
Demystifying Money Laundering: Understanding the Illegal Process of Cleaning Dirty Money
Money laundering, a term often associated with crime and corruption, can seem complex and shrouded in mystery. This article aims to demystify this process by providing a clear and comprehensive understanding of what money laundering is, how it works, why it’s illegal, and its impact on society. What is Money Laundering? In simple terms, money laundering is the process of…
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