Tag
#Tax Avoidance
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articleDGT Pushes Cash Transaction Restrictions Amid Tax Avoidance Concerns
The DGT (Directorate General of Taxes) has identified tax avoidance practices in the steel industry based on cash transactions without invoices. These findings have revived discussions on limiting cash transactions to reduce VAT and income tax leakage.
Feb 6, 2026
articleNusantara Capital Incentive Opens Tax Avoidance Chance
According to Purwitohadi, a senior policy analyst at the Fiscal Policy Agency (BKF) of the Ministry of Finance, the tax avoidance loophole arises because there is no clear definition of foreign tax subjects who place their funds in the financial center in IKN.
Oct 16, 2023
articleUnderstanding The Substance Over Form, Accounting Principle for Preventing Tax Avoidance
Taxpayers need to recognize and apply the substance over form principle to prevent tax avoidance. Especially related to the transfer pricing documentation of affiliated transactions.
Feb 7, 2023
articlePreventing Tax Avoidance, PP 55/2022 Adopts New Borrowing Cost Provisions
This method will compare earnings before deducting interest, taxes, depreciation and amortization (EBITDA) or Earning Stripping Rules (ESR). This method is also known by other terms, such as Fixed Ratio, Interest-to-Profits Ratio.
Feb 1, 2023
articleTo Combat Tax Evasion, Italian Government Uses Artificial Intelligence
The intelligence being developed in the country is called the VeRa Algorithm, which is able to compare the value of income, accounts, and electronic payments with tax filing.
Nov 1, 2022
articleIRS Documents Leaked, Tax Avoidance Of The World's Richest People Uncovered
Leaked classified documents of the Internal Revenue Service (IRS) reveal the tax avoidance practices of the 25 richest people of the US and even the world. Warren Buffet, Jeff Bezos, Elon Musk, George Soros, Bill Gates, Rupert Murdoch, Mark Zuckerberg, and Michael Bloomberg are on the list of tax evaders.
Jun 9, 2021
articleLatest Data Released, OECD Highlights Multinational Company Profit Shifting
OECD released the latest data on corporate tax "Corporate Tax Statistics" on 8 July, 2020. The data contains aggregate and anonymous statistics from data collected under BEPS Action 13 Country-by-Country Reports (CbCR). Based on the data, there are indications of the efforts of multinational companies in making profit shifting.
Jul 10, 2020
articleOECD: Tax Incentive is Potentially To Be Abused
The Organization for Economic Cooperation and Development (OECD) assessed that a number of tax incentives given during the Corona Virus Disease 2019 (Covid-19) pandemic has the potential to be misused. The assessment is contained in an OECD report entitled Tax Administration: Privacy, Disclosure and Fraud Risk Related to Covid-19, which was uploaded on its official page on 26 May, 2020.
Jun 5, 2020
