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.

Vodafone pleaded in High Court that IT department had no jurisdiction in the transfer pricing case because the said transaction was not international and did not attract tax.

India has a double-taxation avoidance pact with Singapore and more than 85 countries.

Indians continued their strong show at the fifth Commonwealth Youth Games, winning five medals, including two gold, on the second day of competition in Apia, Samoa, on Tuesday. Weightlifter Deepak Lather (boys' 62kg category) and javelin thrower Mohd Hadish won a gold each in their respective events, while Jisna Mathew won a silver in the girls' 400 metres.

This route accounts for Rs 2.75 lakh crore of FPI holdings.

Sebi has also been asked to put in place a mechanism to monitor the beneficial owner of P-notes

The Supreme Court-appointed SIT on Friday called for effective norms to curb betting in cricket and a stronger set of norms for P-Notes, while also making a case for bringing donations to educational and religious bodies under tax net.

Sepp Blatter faces months of troubles before departure.

Swiss authorities have begun questioning the soccer officials who were arrested in Zurich in May in a corruption scandal and are facing extradition to the United States, legal sources said.

The general secretary of the world players' union FIFPro has blasted FIFA.

Clever wordplay does not change the fact that the government is going pretty easy on some tax offenders, says Arup Roychoudhury.

'There is a Jack Warner or two in every Caribbean parliament today.'

Under Blatter, FIFA has handed its development money out strategically. Members of FIFA with only tiny populations have often received as much in grant money as those with massive populations.

Six football officials were arrested in Zurich early upon request from US authorities, suspected of receiving bribes worth millions of dollars, Swiss authorities said.

Abdulqawi Ahmed Yusuf of the International Court of Justice is appointed as the 3rd arbitrator in Voda tax row.

The Greens are calling for an urgent investigation.

A member of the financial watchdog committee at soccer's ruling body FIFA has been charged with fraud, money-laundering and breach of trust by police in the Cayman Islands.

To help in its efforts to crack down on suspected black money stashed abroad, India has entered into an information exchange pact with Saint Kitts and Nevis, a two-island Carribean country, perceived as a safe haven for offshore funds.

The absence of criminal legal treaties between India and tax haven nations have been cited by probe agencies working in the SIT on black money as one of the major impediments in initiating steps to bring back illegal funds stashed abroad by Indians.

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

Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.

The investments were a mix of issuance of guarantees ($2.53 billion), loan ($257.60 million) and of equity ($232.59 million).

The company's buy of Concur will strengthen its position in cloud computing

FIFA faces more embarrassment after a member of its financial watchdog was arrested on suspicion of corruption and money-laundering in the Cayman Islands.

In a major development in the fight against black money, multilateral grouping OECD today unveiled a 'single global standard' for automatic exchange of financial account information by various countries including India and Switzerland.

the BJP is pitching for major reforms in the 'taxation regime' in its current form in India.

OVL, the overseas arm of state-run explorer Oil & Natural Gas Corporation, and Oil India Limited agreed in June last year to jointly buy Videocon's 10 per cent interest in the Rovuma Area 1 for $2.475 billion.

It is suspected that some portfolio managers at these banks, which have significant presence in Indian financial markets, could have helped their Indian clients to route their money back into India in disguise of foreign funds through use of investment vehicles across various jurisdictions.

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.

Plans to probe into financial details of more than 500 individuals, entities that might have secret offshore accounts at various places abroad

Global businesses still believe that India consumption story is intact despite the slowdown of the past couple of years.

In February, Indian companies had invested $1.66 billion overseas.

The healthcare provider, currently building a hospital in the Cayman Islands, has now entered into an agreement with the Malaysian branch of the Columbia Asia Hospital to run its cardiology and cardiac care facility.

India and Swtizerland have a tax treaty under which specific information on tax evaders can be shared. But as the HSBC Bank accounts have been opened before 2011 -- when the treaty became effective -- the I-T department has asked HSBC account holders to give an undertaking under the secrecy laws.

Move could be a major relief to Vodafone.

In its reply to the tax reminder notice sent by the revenue department last week, Vodafone had said it believes it is not liable to pay tax for its $11.2 billion acquisition of Indian telecom business of Hutchison Whampoa.

The department had recently sent a tax reminder notice to the British telecom major.

Sanjay Sethi, 52, of New Jersey pleaded guilty on Tuesday before US District Judge Jose Linares in Newark federal court to an information charging him with conspiracy to conceal assets in undeclared bank accounts from the Internal Revenue Service.

Dipika Pallikal broke into the world top 10, Saurav Ghosal celebrated the biggest PSA World Tour title win of his career and Joshna Chinappa claimed her maiden WISPA title at home as 'old warhorses' continued to be the flag-bearers of Indian squash internationally in 2012.

After taking charge, P Chidambaram promised fine-tuning of policies and place a stable tax regime.