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MNCS TAX LIABILITY
Delhi HC rules EY US secondment fees taxable in India, MNCs face higher costs for foreign talentMultinational corporations in India face a new tax challenge following a High Court ruling against EY US. The court determined that payment...
Qualified but not working? HC denies maintenance to doctor wife, says she can’t burden husbandThe Allahabad High Court has ruled that a qualified wife, capable of earning but choosing not to work solely to burden her husband, can be ...
Tax vs Customs: Why MNCs face a growing valuation and compliance battleMNCs face rising conflict between tax and customs rules on related-party pricing, as India’s tighter digital scrutiny raises compliance ris...
What you're here, not everywhereDelhi High Court has decided that India can tax the local operations of multinational companies like Hyatt International, even if the paren...
Loss-making MNCs liable to pay tax on India setupMultinational companies operating in India through various setups will have to pay taxes on earnings generated in India, even if they repor...
Globalisation of fiscal capacityOECD estimates the 15% global minimum tax that would apply to companies with a turnover above Rs 750 million, to yield around $150 billion ...
G7 makes a good start on tax reformOften, MNCs are known to shift their tax liability by assigning a share of costs and profits to a subsidiary in a low-tax jurisdiction or b...
Govt tightens screws on India Inc's underbellyThe Budget has removed lacunae in the law to prevent diversion of money via mergers & money-laundering, and tax evasion through shell compa...
No service tax on payments to expats working in local arms of MNCs: Authority for Advance RulingAlthough rulings by the AAR are case specific, they have an effect on tax assessment of other firms under similar circumstances.
MNCs may have to disclose details of HQ ops to I-T deptMultinational companies use a wide range of cross border tax planning techniques that result in little or tax liability and such results ar...
India, Japan to sign advance-pricing agreement to untie tax hasslesDas, however, did not name the Japanese company signing the APA. He said it augurs well for investors from Japan who are looking at India.
Budget 2014: Advance Pricing Agreement to cover previous 4 year deals, to reduce TP disputesArun Jaitley on Thursday proposed to introduce a "Roll Back" provision under which Advance Pricing Agreement would cover transactions for p...
Modification in taxation of R&D centres a positive step: NasscomNasscom welcomes the government's decision to rescind and modify the circulars relating to taxation of R&D centres in India, Nasscom Presid...
MNCs rush to lap up advance pricing regimeIndia's new regime allowing MNCs to ascertain tax liability has turned big draw with 150 firms lining up for advance transfer pricing agree...
Fix tax holesA report, published in this paper, says that the income tax department made transfer pricing adjustments of around 22,800 cr in 2010-11.
- Govt to clampdown on MNCs offshoring profits
Govt to tighten rules for firms shifting hefty profits to arms abroad to escape tax.
- Govt to tighten rules for MNCs shifting profits to arms to escape tax
MNCs and transnational cos enter into a series of transactions to move funds to their arms in tax havens and other jurisdictions where the ...
- India has highest transfer pricing cases
India has the highest number of litigations over transfer pricing, where MNCs have been charged of reducing their tax liability by transfer...
- Ericsson, Samsung, Coca Cola owe crores to govt in taxes
Indian arms of Ericsson, Daewoo Motors, Samsung and Coca Cola India figure among dozens of MNCs that have outstanding tax liability totalli...
- Bad biz: MNCs' unhealthy liaisons under govt lens
MNCs with liaison offices in the country will receive total attention from the income-tax department.