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Tag Archives: Crack Down

Australia to crack down on corporate tax shifting in budget

CANBERRA: Australia plans to announce tougher rules on cross-border taxation in the upcoming budget to tighten loopholes that have allowed multinational companies to avoid paying taxes, Treasurer Joe Hockey told Reuters on Friday. Australia has joined Britain in a crackdown on companies such as global tech giants, Apple and Microsoft over tax evasion, particularly the shifting of profits from high-tax ... Read More »

China mulling cigarette taxes hike to curb smoking

BEIJING: The govt of China has decided to raise cigarette taxes in order to boost prices and avert smoking, an official said here the other day, amid a push by the nation of 300 million smokers to crack down on the habit. The National Health and Family Planning Commission have joined with other government agencies to lobby for an increase ... Read More »

Turkish forces launches crackdown on oil smugglers, arrest 37 with 15 shotguns

ISTANBUL: Turkish security forces launched a sweeping crackdown on one of the oil-smuggling networks helping to fund Syria’s war.The border town of Besaslan had been home to a steady trade in illicit oil, which was drilled in wells controlled by the Islamic State of Iraq and Syria (ISIS) in Syria and then driven by middlemen to the border, where it ... Read More »