The newly proposed Income Tax Bill 2025 could grant tax authorities unprecedented powers to access private digital spaces in suspected tax evasion cases. The sweeping changes, set to take effect from April 2026, have ignited concerns about privacy and state surveillance in the digital era.
Starting April 2026, India’s income tax rules will undergo a significant transformation, granting tax authorities the power to access private digital spaces. The proposed Income Tax Bill 2025 will allow tax officers to override access codes and enter digital platforms if they suspect individuals of concealing income or assets. The move aims to tackle modern tax evasion methods but has sparked widespread privacy concerns.
In an effort to improve competitiveness, European tax experts are pushing for a major tax system overhaul. The current complexities cost EU members significant revenue and hinder cross-border investment.
China has begun enforcing a long-overlooked tax on overseas investment gains by the country’s ultra-rich as it seeks to expand revenue sources amid a slumping economy and declines in domestic land
Press Release from Carey Olsen, Friday 11 July, 2025. Carey Olsen’s corporate teams in Jersey and Guernsey are representing Grant Thornton Limited, Channel Islands (“Grant Thornton Channel
US President Donald Trump has said he is planning to hit goods made in the European Union with tariffs of 25%, claiming the bloc was created to “screw the United States”. “We’ll