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CFC RULES
In 1987, the world swapped ozone-destroying CFCs for safer refrigerants; nearly 40 years later, scientists found the switch had been quietly raining a forever chemical across the planetChemicals meant to protect the planet are now causing a new issue. Replacements for ozone-damaging CFCs are forming a stubborn chemical, TF...- Budget 2024: Measures Modi govt can take to navigate global taxation shiftsInterim budget: India leads the charge in the new era of taxing Multinational Enterprises (MNEs) with the introduction of BEPS 2.0. The Two...
- Government may abolish place of effective management taxPOEM was first introduced in Budget 2015 with effect from April 1 of the same year. However, as only draft guidelines were in place, Budget...
- Expect clarity on foreign tax credit in Budget 2016The three main pillars of BEPS are coherence, substance and transparency. And these are likely to reverberate across all changes we will wi...
- Budget 2016 may introduce BEPS to make tax evasion difficult for MNCsEven the tax treaties with many countries like Mauritius, which has seen a lot of controversies in India, would be irrelevant.
- Taxation of undistributed profits of foreign companies controlled by Indian MNCs', an evident outcome?Many countries already have CFC rules, but it is noted that these rules do not always counter base erosion and profit shifting in a compreh...
- Indian Americans setting up companies in India? Watch out for US tax lawIn the past few years, several Non Resident Indian (NRI) entrepreneurs have successfully set up companies in India and the trend is only li...
- Overload of foreign nationals on boards may ground Jet-Etihad deal as aviation ministry raises objectionsThe objections could end up complicating matters for Jet-Etihad as the ministry has been one of the few vocal supporters of the Rs 2,190 cr...
- Poke Me: Why football, not cricket, should be our most-loved gameKids today not only watch European games with passion, they're also playing the great game. Probably it's time for football to become India...
- Budget 2012: Parts of DTC that can be adopted nowDTC is unlikely to be passed by Parliament any time soon, but the Budget could unveil some key provisions of the Code, especially those tha...
- DTC to strengthen India’s tax demands on cross-border M&AsProvisions of the proposed DTC will strengthen India’s tax demands on cross-border acquisitions involving Indian companies.
- CFC rules: Keep it simple!The Vijay Mathur Committee, in its report in January 2003, first mentioned the need for introduction of CFC provisions
- Revised discussion paper on DTC to assuage India Inc's fearsThe RDP has done away with the narrow and subjective rule for determining the tax residence of foreign companies.
- Foreign arms of Indian cos under tax net likelyThe forthcoming budget may contain provisions for taxing the undistributed dividend of foreign corporations that are controlled or owned by...
- Tax shadow on foreign arms' dividendUndistributed dividends of foreign corporations controlled or owned by Indian companies will be taxed in the near future, said income tax (...
- Govt may plug gaps in tax evasion lawsGovt is set to frame anti-abuse rules that will empower tax authorities look for 'avoidance' transactions. Plan tax investments early I Get...
- India largest source of smuggled CFCsIndia is now the world's largest producer and smuggling source of CFC, the gas that has created holes in the earth's ozone layer, says a se...
- Lenient tax policy on passive income from foreign sources neededIt is expedient to introduce tax benefits and investor-friendly mechanisms to spur outbound investments. It is also imperative that anti-av...
- Hurdles ahead as govt wants to review taxation of non-residentsIn 2003, a task force appointed by the finance ministry recommended major reforms in the taxation of non-residents.
- Govt plans to curb outbound fundsThe government is considering laws to check outflow of investments through subsidiaries set up in tax havens. Between '97 and '02, nearly $...
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