The unseemly haste with which the finance minister has replaced ‘permanent establishment’ with ‘significant economic presence’ will open up the floodgates for international tax disputes.
Six years after Modi stated FDI in retail would help “Italian businessmen”, his government has done away with mandatory sourcing conditions.
Analysis of China’s foreign “aid” misses the fact that much of it is in the form of commercial loans and little of it seems to have helped the recipient countries develop.
The latest GDP figures prove that the economy has taken a battering because of the hasty implementation of GST.
In a rallying message to trade and industry associations, the commerce and industry minister talked about green shoots appearing in the Indian economy, suggesting that it is poised for a recovery in 2018.
While there are 800 million people facing starvation or undernourishment, there are approximately 800 million more facing the exact opposite problem. Obesity and undernourishment have become a humanitarian crisis so big they affect more than a fifth of the world’s population.
The debate surrounding tax treaty arbitration in India has largely been dominated by the misplaced sovereignty argument.
‘Quantitative easing’ has not only failed to ensure a robust recovery, but has also exacerbated the inequalities and disparities breeding ethno-chauvinist populism, says the report.
The Global Terrorism Index said worldwide there had been 29,376 deaths caused by terrorism in 2015, a drop of 10% and the first fall in four years.
Brazil was one the fastest economies of in the world from 1990-1980 but now that seems to be a faraway dream.
The new protocol rewrites treaty provisions with a view to increasing India’s tax take on the noble pretext of tackling treaty abuse.
Paying salaries for housework could help build respect for domestic labour, and give women dignity, recognition and independence.
The Bahamian foreign minister said the country is not going to shield people who are trying to hide their money from legitimate tax.
A global anti-trafficking plan needs to be implemented, says Britain’s Anti-Slavery Commissioner Kevin Hyland.
The haste with which the government has proceeded to implement Action 13 is a recipe for compromised security of sensitive commercial information.
The Finance Act, 2015 amended Section 6(3)(ii) of the Income Tax Act, 1961 to introduce a new test called ‘place of effective management’ (POEM) to determine when a company is a resident in India for tax purposes. This change targets foreign companies as companies incorporated in India are […]
Q&A with Ashok Lavasa, Secretary, Ministry of Environment, Forests and Climate Change.
Rich country recalcitrance means the Addis agreement falters on the sole meaningful reform that could make a difference to global development
Driven by the reputational damage its banking secrecy has caused in a world increasingly impatient with tax offenders, Switzerland is slowly moving to make the sharing of information with other countries easier.