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TAX ABUSIVE STRUCTURE
Kerala liquor policy to be decided after talks with coalition parties, says Kerala Revenue Minister A P Anil KumarKerala Revenue Minister A P Anil Kumar stated that any policy on tax cuts for low-alcohol beverages will be decided after internal UDF disc...
Bringing back open-market buybacks through stock exchanges is the right decisionSEBI’s decision to restore open-market buybacks through stock exchanges marks a pragmatic regulatory shift that supports efficient capital ...
Trump calls court freeze on $100,000 H-1B fee ‘crazy’ and 'hurting our country'US President Donald Trump slammed federal judges for blocking his administration's USD 100,000 H-1B visa fee, calling the system "crazy". W...
US lawmakers cheer as court blocks $100,000 H-1B fee in major blow to Trump visa curbsUS lawmakers welcomed a court ruling blocking a proposed USD 100,000 H-1B visa fee, despite White House plans to appeal. The decision cruci...
Big setback for Tiger Global as SC rules against Co in taxation claim over stake sale in FlipkartTiger Global’s Mauritius tax structure came under sharp judicial scrutiny as the Supreme Court set aside a Delhi High Court order granting ...
GAAR with a glare: When tax planning starts looking a little too cleverIndia's tax authorities are increasingly using General Anti-Avoidance Rules, or GAAR. Recent rulings show GAAR targeting corporate restruct...
Mauritius to amend DTAA with IndiaThe amendment, which is in sync with the ongoing global tax agreement, will discourage existing source-based tax exemptions claimed by the ...
India to defend its interests if Cairn moves to enforce arbitration award: SourcesCairn Energy said on Tuesday that it had identified Indian assets in overseas jurisdictions which it can seize if India does not pay up the...
Fearing Biden tax, Indian MNCs go back to the drawing boardWith Biden making announcements to increase corporate tax in the run up to the election, companies are exploring options they might have in...
AAR order on Tiger Global to spur taxmen to assess location of 'head and brain' of an entity:ExpertsThe AAR, in its ruling, said the investment was routed through the Mauritius entity only to benefit from the India-Mauritius tax treaty whi...
India retains flexibility to have more provisions in its bilateral tax treaties to address tax concernsIt has deposited its list of reservations and notifications as per the country positions released by the OECD. India proposes to impose the...
India approves multilateral instrument to curb tax treaty abuseMLI will enable India to modify its tax treaties to curb revenue loss through treaty abuse or BEPS strategies where companies park their pr...
India ups fight on tax-treaty abuseCountries are taking steps to prevent such abuse by amending domestic tax provisions or by joining hands with global organisations.
Capital gains provision will apply if the source is India: Revenue Secretary Hasmukh Adhia"GAAR is an anti-abuse provision. It applies in all those cases where you are able to establish through process of adjudication some sort o...
Budget shows that India is moving towards non-adversarial tax regime: Vikas Vasal"It has been proposed that the provision relating to substantial value of assets located in India would get triggered, if the Indian assets...
I-T dept wants April 2016 GAAR deadline in statute"A definite date along with the rules would give preparatory time for the department and also provide certainty to the industry," an income...
Retroactive tax: Unlike UK and China, India wants to slam every offshore deal since 1962A closer comparison with developments in UK and China will reveal the shortcomings of India's approach to retroactive legislation.
Post Vodafone verdict, India should spearhead debate on tax lawsTax authorities argued that the company had to pay capital gains tax as the deal-making involved an Indian asset.
- Cos can use legal financial structures to save tax: Tribunal
A division bench of the ITAT held that the finance structure used by the taxpayer had to be specifically prohibited for it to be illegal.
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...