By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – India’s government has told a court in Mumbai that agreeing to Volkswagen’s demand to quash a $1.4 billion tax bill would have “catastrophic consequences” and encourage companies to withhold information and delay inquiries, court documents show. India’s highest-ever demand for back taxes related to import […]
Grieving families of war heroes face inheritance tax bills of up to £180,000 under Labour, analysis shows. Death in service payments – lump sums given to the families of deceased Armed Forces members – are currently tax-free. But changes announced in Rachel Reeves’s Budget last year mean payments for off-duty deaths in service will be […]
WASHINGTON — Tens of thousands of wealthy Americans are not complying with recently revamped Internal Revenue Service efforts to get them to file tax returns, according to data obtained exclusively by CNBC. A quirk in federal tax law may be incentivizing wealthy people who want to avoid paying taxes to simply not file their returns. […]
