Decoding transfer pricing rule that put BBC under Indian taxman's radarA piece of key news that dominated headlines this week was the Indian tax department's 'survey' on global media behemoth BBC's premises in ...
India to gain from G7 tax plan; G20 to consider proposals next monthThe government is yet to take a view on the G7 proposals to make multinationals pay tax in countries they operate in. The proposals will be...
CBDT eases revenue threshold for MNEs for country-by-county reportThe Board also clarified that once an entity has been designated to file a Master File on behalf of an international group, such designatio...
Faster export growth can be charted for India via focus on ‘network products’, says Eco SurveyTalking about India’s export performance vis-a-vis China, the chapter said that the China-India gap in world market share is due to the eff...
India, China, 3 others sign pact on tax info sharingOther countries which have already signed the pact include Australia, France, Germany, Japan, Liechtenstein, Malaysia, Italy and the UK.
OECD issues standardised e-format for info exchange on BEPSThe move is part of larger efforts, agreed upon by G-20 countries, including India, to clamp down on activities that leads to Base Erosion ...
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...
Hammer of BEPS on Harmful Tax Practices in disregard of transparency and substanceAs part of its initiative, the Forum on Harmful Tax Practices (FHTP or Forum) set up in 1998 is activated with renewed focus on substance.
Country-by-country reporting implementation: not so simple after all!Against that background, the Report on Action 13, released in September 2014, provides a template for MNEs to report for each tax jurisdict...
- Govt lines up big-bang reforms on international taxation front
The government is set to usher in major reforms in international taxation, including the transfer pricing regulation, to bring them in sync...