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Milei aims to bring $271 billion in hidden cash back into Argentina’s economy
Argentina’s President Javier Milei is preparing to loosen the country’s complex tax evasion restrictions in an effort to draw billions of undeclared dollars back into the formal economy. With an estimated $271 billion stashed in homes, safety deposit boxes, and offshore accounts, savers have long sought refuge from a volatile peso, capital controls, and shifting tax laws.
While critics warn the plan could enable tax dodgers and money launderers, Milei argues it offers a path to reintegrate legally earned funds. In a largely informal economy, where cash deals dominate, experts say meaningful incentives, not penalties, are key to drawing money out from under the mattress and back into the system.
Putin does your taxes
Tired of the government taking your hard-earned money? Worried about that April 15th deadline? Relax, the President of Russia's new accounting firm has you covered.
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Vietnam rebukes foreign streaming firms like Netflix over lack of tax payments
HANOI (REUTERS) - Vietnam's information minister has accused foreign streaming companies like Netflix and Apple of skirting their tax responsibilities, saying it would create unfair competition for domestic firms.
Man who brought Singapore dessert brand Tiramisu Hero to Japan charged with tax evasion
Shigeo Hosoya had allegedly under-declared S$2.98 million in personal income from 2016 to 2018.
Najib hit with $500m bill for extra taxes
PETALING JAYA • Former Malaysian prime minister Najib Razak has been slapped with an extra tax bill of RM1.5 billion (S$500 million) by the Inland Revenue Board (IRB), The Edge reported yesterday.