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India: Government launches SMS drive to check tax evasion

To catch tax cheats, the government launched a short message service (SMS) or text message drive recently. Identifying thousands of people who made notable investments in the last two years, the income tax (I-T) department sent mobile text messages to them asking them to file I-T returns.

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India: Government launches SMS drive to check tax evasion

ByAPDwriterRishikaChauhanNEWDELHI,July9(APD)-Tocatchtaxcheats,thegovernmentlaunchedashortmessageservice(SMS)ortextmessagedriverecently.Identifyingthousandsofpeo

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Refraining from drinking sugary drinks prevents type 2 diabetes: study

Cutting sugary drinks out of diet would significantly reduce the risk of developing type 2 diabetes, according to the results of an Australian-led international study published on Friday.

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New tax on goods and services hit shoppers in India

The Indian government's new Goods and Services Tax (GST) took effect on July 1. The country now has five-tax system instead of the multiple state, local and national taxes it had.

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China to impose 3% VAT on asset management

Asset managers will be levied with a new 3 percent value-added tax (VAT) for returns on assets under management from January 1 2018, instead of the previously noticed 6 percent rate from July 1, 2017.

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China to impose 3% VAT on asset management

Assetmanagerswillbeleviedwithanew3percentvalue-addedtax(VAT)forreturnsonassetsundermanagementfromJanuary12018,insteadofthepreviouslynoticed6percentratefromJuly1

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India launches new economic era with sales tax reform

India early on Saturday introduced its biggest tax reform in the 70 years since independence from British colonial rule.

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India: ‘Biggest tax reform in Independent India’ kicks-in

ByAPDWriterRishikaChauhanNEWDELHI,July1(APD)-GoodsandServicesTax(GST),whichisbeingcalledthe‘biggesttaxreforminIndependentIndia’kickedinonthemidnightofFriday.Ter

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India launches new economic era with sales tax reform

IndiaearlyonSaturdayintroduceditsbiggesttaxreforminthe70yearssinceindependencefromBritishcolonialrule.TheGoodsandServicesTax(GST)replacesmorethanadozenfederalan

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Portuguese revenue authority investigating alleged tax fraud by C.Ronald

The Portuguese revenue authority is investigating alleged tax fraud by clubs and football players, including Portuguese footb

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One love, one aim … finding the best way to donate to victims

After the terror came goodwill and compassion. As communities in Manchester and London struggled to come to terms with the recent terrorist attacks, there has been an upsurge in donations to help those affected.

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One love, one aim … finding the best way to donate to victims

Aftertheterrorcamegoodwillandcompassion.AscommunitiesinManchesterandLondonstruggledtocometotermswiththerecentterroristattacks,therehasbeenanupsurgeindonationsto

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WTO reiterates ruling against US tax breaks for Boeing

TheWorldTradeOrganization(WTO)uphelditsdecisiononFridaythatWashingtonprovidedillegaltaxbreakstoaircraftmakerBoeinginatraderulingthatfavorsEuropeanUnionrivalAirb

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U.S. Republicans worry Trump scandals may doom legislative agenda

ScandalsenvelopingU.S.PresidentDonaldTrumphaveleftRepublicanlawmakersandlobbyistsincreasinglygloomyabouttheprospectsforpassingsweepingtaxcuts,arollbackofObamaca

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U.S. Senate Democrats make Trump tax returns a national security issue

U.S. Senate Democrats, seeking to capitalise on growing disclosures about the Trump campaign's contacts with Russia, urged a top Republican lawmaker on Tuesday to obtain President Donald Trump's tax returns as a matter of national security.

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Trump wants 20-percent border tax on all imports from Mexico

​U.S. President Donald Trump wants a 20-percent border tax on all imports from Mexico, said White House spokesman Sean Spicer on Thursday.

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China's macro tax burden below world average: official

​Amid the current social debate over China's tax burden, former Finance Minister Lou Jiwei has queried the World Bank tax indicators that prompted the discussion.