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#evasion

Every story tagged #evasion on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

2 stories in this topic

dollar kyat tax inflation investment1
General
1 min read

Tax evasion by wealthiest Americans tops $150B a year

The U.S.’s Internal Revenue Service estimates that the country’s millionaires and billionaires are evading over US$150 billion in taxes annually. Audits of taxpayers earning over $1 million a year have declined by more than 80% over the last decade despite a…

coca cola opens 43rd production facility in china 4500 2819 fbfcd348
Food
1 min read

Coca-Cola Vietnam fined for tax evasion

Coca-Cola Vietnam has been ordered to pay VND821.4 billion ($35.4 million) in back taxes and penalties stretching back over nine years. Dang Ngoc Minh, deputy head of the General Department of Taxation, said 57.3 percent of the amount is the back tax, 35.2…