January 9, 2009
Spare-tax call from BPO majors
Calcutta, Feb. 20: The National Association for Software and Services Companies (Nasscom) has asked the government to amend the information technology (IT) act to ensure that foreign companies outsourcing work to ITeS or BPO units in India will be exempt from tax.
Tax Gap Puts Private Equity Firms on the Hot Seat
A tax law quirk allows private equity firms to operate as partnerships and to pay lower tax rates than corporations.
'Abba' star being chased by Swedish tax office
Washington, Jan. 5 (ANI): Swedish tax authorities are reportedly chasing a member of pop band 'Abba' for recovering unpaid taxes. Officials at the Swedish tax office say that 'Abba' star Bjorn Ulvaeus owes 16 million kronor (1.1 million pounds) in unpaid taxes from the group's hits. They claim that the 61-year old singer did not declare all of the royalties he got from the
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