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Uber says IRS probing its 2013-14 tax returns

Wednesday, June 5, 2019, 12:03 PM

The U.S. Internal Revenue Service is auditing Uber Technologies Inc's taxes for 2013 and 2014 and ride-hailing company expects unrecognized tax benefits to be reduced within the next year by at least $141 million. Earlier this year, company had said in regulatory filing that it expected unrecognized tax-benefits related to the audit to be reduced within the next year by at least $127 million.
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Tax Take From Panama Papers Probes Exceeds $1.2 Billion: Report

Wednesday, April 3, 2019, 8:02 PM

Taxmen in 22 countries worldwide have raked in more than $1.2 billion in fines and back taxes thanks to the 2016 "Panama Papers" leak of information about offshore dealings, media reported Wednesday. Britain has recouped some $253 million, France $136 million and Australia $93 million, the International Consortium of Investigative Journalists (ICIJ) posted on its website.
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Taxman's lens on exporters for claiming double benefits on GST

Friday, March 29, 2019, 8:24 PM

Many exporters have come under the taxman's lens for claiming tax credit for the same export twice under the inverted duty structure. Those who have received notices from the indirect tax department said they had merely claimed what was theirs although in two tranches. According to the notices, the anomaly came to light during an audit conducted by the tax authorities.

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