INDIA: New Tax Bill Sparks Privacy Fears

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.

 

9 February 2024

AFRICA: Kenyan Banks Disclose Foreign Account Holders’ Information to KRA in Bid for Tax Transparency

In a move towards fiscal transparency, Kenyan banks disclose foreign account holders’ information to the KRA under the Common Reporting Standards (CRS). The initiative aims to curb illicit wealth

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4 July 2025

CAREY OLSEN: Carey Olsen advises on US$150,650,000 SPAC IPO on Nasdaq

Press Release from Carey Olsen, Friday 4 July, 2025. Carey Olsen’s corporate team in the Cayman Islands has advised FIGX Capital Acquisition Corp., a special purpose acquisition company (“SPAC”),

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12 September 2025

SWITZERLAND: Swiss lawmakers push back on anti-money laundering law over competitiveness concerns

Swiss lawmakers are seeking to water down government proposals to help prevent financial crime, saying the country needs to stay competitive in global cross-border wealth management where rival centres

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30 May 2024

ST KITTS: Saint Lucia distances itself from St Kitts CIP lawsuit

St Kitts-based CIP Agent, MSR Media, has filed a lawsuit against the government of St Kitts in Florida under the Racketeering Influenced and Corrupt Organizations (RICO) Act, claiming that the Kittian

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