Offshore finance Current Affairs, GK & News
The Union Cabinet has recently approved establishment of a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) in India through IFSCs Authority Bill of 2019. The establishment of a unified financial regulator for IFSCs will result in providing world-class regulatory environment to market participants from an ease of doing business ..
Topics: Corporate tax avoidance • Economy • Financial centre • Financial regulation • Financial Regulator • International business • International Financial Services Centre • Money • Offshore finance • Securities and Exchange Board of India • Tax avoidance
The Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their offshore financial activities. A politically neutral ranking, it is a tool for understanding global financial secrecy, tax havens or secrecy jurisdictions, and illicit financial flows or capital flight. The index was unveiled by the Tax Justice Network (TJN). The index is based on twenty ..
Recently, the International Consortium of Investigative Journalists (ICIJ) has released a global investigation ‘The Paradise Papers’ that reveals the offshore interests and activities of some of the world’s most powerful people and companies, including information about at least 31,000 persons or parties. India ranked 19th out of the 180 countries represented in the data in ..
Topics: Data journalism • Economy • International Consortium of Investigative Journalists • Investigative journalism • News leaks • Offshore finance • Offshore financial centre • Paradise Papers • Tax • Tax avoidance • Tax Evasion • Tax haven
London has retained its position as the world’s top financial centre in the 2017 Global Financial Centres Index (GFCI). The index is compiled and published by Z/Yen Group, which ranked 92 financial centres globally on factors such as infrastructure and access to high-quality staff. New York has acquired 2nd position followed by Hongkong, Singapore, Tokyo, ..
Topics: Economist Intelligence Unit • Economy • Financial centre • Global Financial Centres Index • International Financial Services Centre • Money • Offshore finance • Residual-current device • Z/Yen
India inked an agreement with Bahrain to tackle issues related to tax evasion and avoidance. The Agreement for Exchange of Information with respect to taxes usurps worth viewing Indian government’s attempts to chase black money.
Month: Current Affairs - June, 2012