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Articles tagged with: Taxes and Smuggling
Gray-Market Cell Phones Impacted by Chinese Government Investigation
..ers of these products profit illegally by generally not paying value-added taxes to the government. The below figure presents the shipment forecast for gray handsets to the domestic and export markets for the period of 2005 through 2014. Shadow more
Related Tags: , wireless, cell-phone
Bangladesh Group Calls for Lower Phone Sales Tax
..s Prime Minister to argue for lower taxed on imported mobile phones, arguing that lowering the taxes would cut smuggling and lead to a net rise in revenues for the government. "Around 0.2 million mobile phone sets are illegally entering the more
Related Tags: Bangladesh
Uganda Rejects Call to Lower Mobile Phone Sales Tax
..s tax on mobile phones following concerns from the government that it needs the revenues the taxes generate. "I request Parliament to reject the proposal to scrap taxes on mobile phone because it will affect our revenue," Finance Minister, Ms more
Related Tags: , base, vat, africa, parliament, sales-tax, Uganda
Three Men Convicted for $500 Million Phone Smuggling Scam
.. phone smuggling scam which cost the UK government some £250 million (US$500 million) in sales taxes. The fraud, commonly known as "carousel fraud" involves setting up a ring of companies that fraudulently traded mobile phones, buying more
Sri Lanka Clamps Down on Giving Mobile Phones as Gifts
..for mobile phones in the country. The government imposes a six percent import tax plus sales taxes on all imported phones making smuggling a profitable enterprise. The Sri Lanka Customs has announced that all goods for commercial purposes/co more
Related Tags: blackberry, tax, Sri Lanka
Calls for Lower Taxes on India's Telecoms Operators
A report from India's Finance Ministry is recommending that the myriad of taxes applied to telecoms operators should be streamlined to just two or three different levies. The paper does accept that in a country where the states also share the tax revenues and suggests a slow phasing out of the different taxes until a balance is finally reached. Meanwhile, existing levies and charges should be reduced, said the paper, entitled 'Strategy for India's Services Sector: Broad Contours'. more
Related Tags: tax, myriad, India
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