The IRS continues to chase U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions with a new court order allowing a summons for customer records. The agency will issue a so-called “John Doe summons” requiring M.Y. Safra Bank to turn over crypto transaction data for SFOX, a digital currency prime broker that […]
A former Apple employee has been charged with defrauding the tech giant out of more than $10 million by taking kickbacks, stealing equipment and laundering money ByThe Associated Press March 19, 2022, 6:19 PM • 2 min read Share to FacebookShare to TwitterEmail this article SAN JOSE, Calif. — A former Apple employee has been […]
A man walks past the U.S. Capitol building in Washington, June 25, 2020. Al Drago | Reuters The head of the IRS believes more rigorous disclosures from the nation’s banks could help fix a yawning tax gap and recoup billions in owed revenues. In a letter viewed by CNBC, IRS Commissioner Charles Rettig told Sen. […]
A team of the Central Goods and Services Tax (GST) Delhi West Commissionerate busted an illegal manufacturing unit of gutka, pan masala, and other tobacco products in Delhi, seizing goods worth Rs 4 crores. The officials estimated a total GST evasion of more than Rs 830 crores. The information about the same was shared in […]
The raids to unearth the large tax evasion nexus were conducted in the first week of this month on 42 premises in Delhi, Mumbai, Hyderabad, Erode, Pune, Agra and Goa on a group of people indulging in issuing bogus bills and carrying on hawala tran. NEW DELHI: The CBDT (Central Board of Direct Taxes) on […]
