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.

 

22 February 2024

CYPRUS: Cyprus delays 15% tax on multinationals

Cyprus has yet to enforce the new EU rules introducing a minimum effective tax rate of 15% for multinational corporations operating within EU member-states. Alongside nine other countries, Cyprus was

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4 April 2025

EU: EU Golden Visas More Popular Than US $5 Million Residency Scheme, Experts Claim

The interest for European Golden Visa Programs surpasses that of the recently-introduced US $5 million Residency-by-Investment scheme, according to the experts. The main reason, according to them, is

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26 June 2025

US: Trump Teases More Crypto Action in Prerecorded Coinbase Summit Address

Trump delivered a pre-recorded message to Coinbase’s State of Crypto Summit, marking only his second direct address to the crypto sector as president. He emphasised his commitment to implementing

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29 January 2024

CHINA: Hedge Funds Lap up China Stocks at Fastest Pace in 5 Years

Hedge funds snapped up battered Chinese stocks over three days last week at the fastest pace in more than five years, Goldman Sachs wrote in a note to clients. The cumulative net buying of Chinese equities

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