The medals came in the bocce doubles, table tennis doubles and long jump.
As the debate on revealing names of those who had stashed money abroad was hotting up, a Parliamentary panel grilled finance ministry officials on why the confidentiality clause was put in tax treaties in the first place.
If India was able to provide additional and new information about people and entities that figure on stolen lists, they may consider it to exchange information
Hutchison Essar is an Indian Company, the controlling interest of Hutchison Essar is held by an SPV of Cayman Island (CGP Investments Holding Ltd). CGP is owned by Hutchison Telecommunications International Ltd (HTIL), Hong Kong.
The company's buy of Concur will strengthen its position in cloud computing
Offshore Investing involves investing money in investment avenues in a foreign country rather than your home country. This is done through targeting benefits offered to investors by firms and governments across the globe.
The European Union's attempt to regulate hedge funds will affect other classes of alternative investment such as real estate funds and investment trusts, lawyers studying the fine print of the new rules have warned.
The department had sent a notice to the company seeking details and clarifications on a host of issues besides the original agreement between Hutch and Vodafone to establish the jurisdiction of the tax authorities to determine the tax liability. This follow an SC order in January 2009 to the effect that Vodafone should present its case to the tax authorities first and submit a copy of the share purchase agreement, the deadline for which expires by the end of this month.
It has taken less than eight months for Afghanistan to jump from the fifth division of world cricket to one level below the major Test-playing countries. The team from the war-torn nation continued one of sport's unlikeliest success stories by winning the third division in Argentina last week, a six-team tournament which doubles as a qualifier for cricket's World Cup.
The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
On Wednesday, in a significant ruling that may result in $2 billion (Rs 10,000 crore) flowing into government coffers, the Bombay high court had dismissed a writ petition filed by telecom major Vodafone International Holdings BV challenging the Income Tax (I-T) Department's jurisdiction to assess whether the over $11 billion Hutchison-Vodafone transaction was liable for capital gains tax.
In the case, which will begin on Tuesday and last for five days, Indian tax authorities will argue that Vodafone, the UK-based mobile phone group headed by Arun Sarin, is liable for an estimated $2bn in taxes on its $11bn acquisition of local operator, Hutchison Essar, last year.
Occasionally, a whistle-blower releases sensitive financial data.
After taking charge, P Chidambaram promised fine-tuning of policies and place a stable tax regime.
Seeks capital gains tax payment prior to FIPB clearance.
The sunny Caribbean island is just one of a number of jurisdictions, most of them islands, that provide the necessary infrastructure for businesses that don't exactly thrive on close oversight.
The potential settlement, which has been in the works for months, is emerging as a test case for just how big a signal US prosecutors want to send to try to halt illicit flows of money moving through US banks.
Last week, as I was driving to work past Gowalia Tank Maidan in Mumbai, I could not help but wonder what the gentlemen assembled there on August 8, 1942 would have made of some recent events. The call they had issued that day to the British Raj government to "Quit India" resulted five years later in the Indian nation-state, one whose edicts within its geographic borders would be absolute and unchallenged.
Percy Mistry says things at market regulator Sebi are also in bad shape.
Egged on by a capacity crowd at the Siri Fort Sports Complex, the fourth seed mixed doubles pair of Saurav Ghosal and Joshna Chinappa came out with a heartening performance to lead the Indian charge in the squash team events of the Commonwealth Games.
The Bombay High Court has dismissed Vodafone petition challenging the show cause notice issued by income tax department asking them to pay over $2 billion tax on the multi-crore Hutchinson takeover deal.
The government plans to provide comfort to Indian companies with foreign subsidiaries that would be covered by the provisions on Controlled Foreign Corporations.
The United States Soccer Federation said in a statement on the new charges that its hosting of the 2016 Copa America Centenario tournament would go ahead as planned.
The vast majority are U.S. taxpayers. That could be changing.
As the Concacaf (North America, Central America and the Caribbean federations) Gold Cup kicked off on Sunday morning (July 07 ET) at the Rose Bowl, in Pasadena, California, Concacaf president and FIFA vice-president Jeffrey Webb spoke with Siddhanta Pinto over the telephone from Los Angeles.
How a free Web could harm you, now and in the long run.
Kiss your 1040 goodbye and escape Uncle Sam in these stylish spots.
Bank has apologised and vowed it has recently overhauled its anti-money-laundering efforts.
By putting $10 billion into the country's infrastructure, Cayman Islands-based real estate investor Trikona Capital plans to do well by doing good.
Vodafone judgement has set the cat amongst the pigeons.
Soon, the greatest global show will be over. Life will not be the same, probably a bit boring with no octopus, no blundering referees, no Paraguayan starlet or horrible cacophony (though by the end of the competition we will be missing it!).
Cases such as Vodafone and E*Trade are scaring foreign investors away, says Nishith M Desai.
Switzerland only provided information on tax fraud that led to criminal activity. But the Swiss definition of tax fraud is quite narrow, which means that a false invoice is not a crime. Now, any tax abuse will be covered.
Running highlights from FIFA's congress. World soccer's governing body has voted on a series of reforms and will elect a new president later on Friday (all times GMT): 13.30 The voting process is proving a long, drawn out affair. After an hour's voting, we have crawled to L for Latvia with little to get excited about apart from the brief appearance of Davor Suker, Golden Boot winner as the top scorer at the 1998 World Cup, as he cast Croatia's vote. Time then for a reminder that for a candidate to be elected in the first round, he must obtain at least 138 votes, two-thirds of the 207 votes cast. If this does not happen, a second round is held. This time, a simple majority -- 104 votes, which represents more than 50 percent of the votes -- is sufficient for a candidate to be elected. If no candidate gets that majority, the one with fewest votes will be eliminated and a new round will be held. This continues until one candidate obtains a majority. 12.45. Having begun his speech by promising to "die with my boots on", Sexwale ends it by withdrawing from the race, "I have got a surprise for you. My campaign ends today and I suspend my participation. With only four people it is your problem now." Markus Kattner, FIFA general secretary then reminds delegates of the voting procedure, reminding them not to photograph their ballot papers.
Sharks, mating frogs, seals playing with photographers... these are the amazing photos which offer an enchanting breadth of what's beyond the shoreline. Underwater Photographer of the Year has just announced the winners of its 2019 photo contest and photographer Richard Barnden, from the UK, was named Underwater Photographer of the Year 2019. Prizes and commendations were handed out in categories including Wide Angle, Macro, Wrecks, Behaviour, Portrait, Black and White, Compact, Up and Coming, and in British waters, Wide Angle, Living Together, Compact, and Macro Shots.
Innovations are happening first in the poor countries and then they are migrating to advanced nations, says Vijay Govindarajan.
Vodafone case: Questions still remain unanswered and the whole world is eyeing final outcome. The questions remaining unanswered by the high court would have several multinationals on tenterhooks, as the consequences, both for tax payers with similar transactions and perhaps for Indian M&A fortunes may be far reaching.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances