Tax Archives - Page 3 of 3

EU Regulators Want More Info on Apple’s Irish Tax Deal

March 17, 2016 SrijitaApple's, Deal, EU, Info, Irish, More, On, Regulators, Tax, Want

European Union antitrust regulators have asked Ireland to provide further details on the country’s tax deal with Apple before deciding whether this constitutes illegal state aid to the iPhone maker. The European Commission, which has been investigating the Apple deal for more than two years, said on Wednesday that Irish authorities had not responded fully to an earlier query. “Ireland did not reply in full to the Commission’s last request for information, which is why the Commission has sent a reminder to Ireland to request the missing data,” Commission spokesman…

Direct Tax Mop Up at Rs 5.54 Lakh Cr, Indirect at Rs 5.69 Lakh Cr: Government

March 11, 2016 Srijita5.54, 5.69, at, Cr, Direct, Government, Indirect, Lakh, Mop, Rs., Tax, Up

New Delhi: Government has collected Rs 5,54,179 crore from direct tax as on February 29 and Rs 5,69,056 crore from indirect tax as on January 31 this fiscal, Parliament was informed today. According to revised estimate, Rs 7.52 lakh crore was estimated to come from direct taxes (corporate, and income tax) and another Rs 7.03 lakh crore from indirect taxes (customs, excise and service tax), Minister of State for Finance Jayant Sinha said in a written reply to Lok Sabha. Replying to a separate query, Sinha said in 2015-16 (up to…