Tax Evasion

India's goods and services tax (GST) was implemented in 2017. This same tax regime would later lead to five crypto exchanges paying over $11 million in back taxes and penalties. (Sanjit Das/Bloomberg via Getty Images)

Two agencies, five months, five crypto exchanges, 100-plus officers, more than Rs 700 million in tax recovery, and yet the scale of the misdemeanor, excused by “ambiguity,” remains unknown.

By Amitoj Singh

Jan 7, 2022 at 5:38 a.m. UTC

Jan 7, 2022

IndiaTaxTax EvasionCrypto Exchange

Commercial and residential building in the Worli area of Mumbai, India, on Wednesday, May 26, 2021. India is preparing a stimulus package for sectors worst affected by a deadly coronavirus wave, aiming to support an economy struggling with a slew of localized lockdowns, people familiar with the matter said. The finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies.

Finance

Tax evasion

Half a Dozen of India’s Crypto Exchanges Searched After Alleged Rupee 700M Tax Evasion Detected: Sources

The sources said the searches were initiated after a Mumbai tax authority recovered funds from crypto exchange WazirX.

By Amitoj Singh

Jan 1, 2022 at 3:57 p.m. UTC

Jan 1, 2022

Tax EvasionIndiaRegulation

Gyeongbokg palace in Seoul. (Image credit: Chan Young Lee/Unsplash)

Policy

South korea

South Korea’s Hashed Under Tax Investigation

The investment firm announced $200 million in new funding last week.

By Eliza Gkritsi

Dec 7, 2021 at 8:21 a.m. UTC

Dec 7, 2021

South KoreaSeoulPolicyTaxTax EvasionCrime

Policy

Russia

Russia’s Chief Taxman Says Crypto Could Erode State Taxation Profits

Head of the Federal Tax Service said tax evasion via crypto needs to be fought.

By Anna Baydakova

Nov 22, 2021 at 12:21 p.m. UTC

Nov 22, 2021

RussiaRegulationTax Evasion

Finance

Ico

Bitqyck Founders Plead Guilty to Tax Evasion

Bruce Bise, 60, and Samuel Mendez, 65, face up to five years in federal prison after evading a combined $1.6 million in taxes.

By Eli Tan

Oct 13, 2021 at 6:10 p.m. UTC

Oct 13, 2021

ICOTexasFraudTax Evasion

President Biden discusses the September jobs report (Chip Somodevilla/Getty Images)

Policy

Irs

Biden’s Orwellian Tax Surveillance Policy

It’s political suicide for the Democrats, and a dark sign for America.

By David Z. Morris

Oct 13, 2021 at 4:12 p.m. UTC

Oct 13, 2021

IRSJoe BidenTax EvasionPrivacyThe NodeNewslettersOpinion

LONDON, ENGLAND - SEPTEMBER 06: Former British Prime Minister Tony Blair speaks at the Royal United Services Institute (RUSI), a defence think tank, on September 6, 2021 in London, England. Mr Blair, who served as prime minister of the United Kingdom from 1997 to 2007, reflected on the roots of Islamist extremism and the consequences of the Afghanistan withdrawal. (Photo by Dan Kitwood/Getty Images)

Finance

Money laundering

The Pandora Papers Show Why People Love Crypto: You Can’t Trust the Powerful

The same offshore fig leafs helping elites to dodge taxes have underpinned decades of rampant state-backed abuse.

By David Z. Morris

Oct 5, 2021 at 7:29 p.m. UTC

Oct 5, 2021

Money LaunderingTax EvasionOpinion

WASHINGTON, DC - JUNE 23: Treasury Secretary Janet Yellen answers questions during a Senate Appropriations Subcommittee hearing to examine the FY 2022 budget request for the Department of the Treasury on Capitol Hill June 23, 2021 in Washington, DC. (Photo by Greg Nash -Pool/Getty Images)

Policy

Infrastructure bill

Here’s How the US’s Infrastructure Bill Crypto Tax Provision Might Be Implemented

The House of Representatives will vote on the infrastructure bill at the end of the month.

By Sandali Handagama

Sep 8, 2021 at 8:34 p.m. UTC

Sep 8, 2021

Infrastructure BillUnited StatesTax EvasionIRSTreasury

Markets

Tax evasion

Puerto Rico: una isla con impuestos bajos donde el ecosistema cripto prospera

Trasladarse allí para evitar impuestos es afín a los objetivos del mundo de las criptomonedas: ambos quieren dejar atrás al estado y construir un sistema alternativo.

By Daniel Kuhn Andrés Engler

Aug 13, 2021 at 6:18 p.m. UTC

Aug 13, 2021

Tax EvasionPuerto RicoCrypto TaxesLongform