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TAX PAID IN BELGIUM
Rs 14.42 lakh Belgium salary of IT pro triggered tax demand in India after Form 67 was missed; ITAT Bangalore gives reliefEmployee with Rs 14.42 lakh salary pays Rs 4.53 lakh income tax in Belgium and asks for credit under the India-Belgium DTAA; Income Tax Dep...- Climate damage: The next hit to Europe's public financesEurope's public finances face growing strain from uninsured climate damage, with recent extreme weather events having caused significant ec...
- India-France tax shift threatens P-note tradeIndia's proposed treaty changes with France could significantly impact participatory note (P-note) trading. Previously, French investors en...
- ‘The Math Ain’t Mathing’: Taraji P. Henson talks about Hollywood pay disparityAddressing the financial complexities actors face, Henson pointed out the significant deductions from their earnings. She highlighted the i...
- Amazon slams $265 million tax order as it seeks to get EU appeal thrown outThe European Commission in its 2017 decision said a Luxembourg tax arrangement allowing Amazon to channel profits to a holding company tax-...
- Revenue-starved governments should revisit inheritance tax - OECDExemptions, carve-outs and generous lifetime donations mean inheritance and estate tax is a minor source of revenue in most countries and o...
- 3 taxes no one should have to payImagine paying tax on income you haven’t earned or may never earn. Here are 3 cases where individuals are required to pay tax on such incom...
- India's diamond trade hub in Mumbai to be opened by NovemberDiamond traders had been lobbying with Prime Minister Narendra Modi to cut the middlemen in the trade by setting up an SNZ.
- How EU plans to clamp down on tax avoidanceThe European Commission has come out with a tax transparency package that would make it harder for companies to avoid taxes.
- BDO International sells 10% JV stake to Indian partner HaribhaktiThe split is the second for the Belgium firm after it broke off in 2008 with Kolkatta-based Lodha and Co owned by late RS Lodha.
- Cos can use legal financial structures to save tax: TribunalA division bench of the ITAT held that the finance structure used by the taxpayer had to be specifically prohibited for it to be illegal.
- Dividend distribution can be a great dealA globalising India can ill-afford to ignore the perils of disallowing tax credit.
- Tax law could be amended for totalisation agreementsThe government will make necessary changes in tax laws to align them with provisions in social security pacts.
- Belgian offsites set to be hassle-free, but not totallyEmployees of Infy, Wipro and a host of IT cos that have a base in Belgium will no longer need to contribute to the social security scheme. ...
- Opel threatening to close three plants, sack 11,000: ReportOpel is threatening to close three of its plants in Europe and sack one fifth of its workforce as it seeks billions of euros in state aid. ...
- Steel baron Lakshmi Mittal to get $935 million dividendNRI steel tycoon Lakshmi Mittal will get a hefty dividend package of $935.5 million this year by virtue of his stake in ArcelorMittal. Glob...
- Indian employees are highest tax payers in Asia: ReportIndian employees take a deduction of as much as 29.1% from their gross salary, against just 5% in the UAE, states a Mercer report. Cut tax ...
- FY08 tobacco exports may increase to Rs 1,605 crThe country’s tobacco exports are likely to touch Rs 1,605-crore mark by the end of 2007-08 against Rs 1,506 crore last year, according to ...
- Increase in savings limit suggested to boost infra developmentCII has suggested doubling the limit of savings for individuals to Rs 2 lakh in the Income Tax Act with a provision to use the additional a...
- In notional interestOne of the key measure the prime ministerial delegation will seek to promote to potential investors is the notional interest regime.
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