Facebook accused of exporting earnings to Cayman Islands

Last Updated: Friday, December 6, 2013, 23:16

The social networking giant uses a subsidiary in Ireland to collect advertising revenue from around the world where its business is booming but the Irish government collected just 4.4 million pounds in tax.

Four tax havens join India in fight against stash funds

Last Updated: Thursday, November 21, 2013, 22:00

In a big boost in the fight against blackmoney, four overseas jurisdictions including Liechtenstein-- where Indians are suspected to have stashed illicit funds-- Thursday agreed to do away with banking secrecy ways by allowing automatic tax information exchange.