G20 Gathering for US global minimum tax plan to Combat the COVID19 Pandemic
Finance Officials from the Group of 20 major economies are poised to back a $650 billion boost in the IMF's emergency reserves on Wednesday and...
Amazon usage the advantage of US tax credit scheme to pay little tax on...
A study into the complex web of subsidiaries that make up the online retail giant Amazon has found the company takes advantage of generous tax credit...
19 Countries Which Give Citizenship Based on Investment for Indians
As India does not allow dual citizenship, India's investment migration market is primarily centred around residence-by-investment programs.
Up until a few years ago, India's market...
Global tax structure is going to look beyond global minimum corporate tax
Now that we know the Biden administration’s ideal rate for a global minimum corporate tax — 21% — it’s a bit easier to look at what...
Finance Minister demands Extension of the Debt Service Suspension Initiative(DSSI) for 6 Months to...
Finance minister Nirmala Sitharaman has pitched for an extension of the Debt Service Suspension Initiative (DSSI) by six months through December 2021 to continue...
Arms Length Price Decided by ITAT Can be Scrutinized Further
"There cannot be any absolute proposition of law that in all cases where the Tribunal has determined the arm’s length price the same is...
If You Own US Stocks Like Apple, Tesla etc – Don’t Forget to do...
Get a Tax Penalty Notice of 10 Lakhs if you're buying stocks of Google, Apple, Meta, etc. but not disclosing these assets and dividends...
Good news for non-residents: Claiming treaty benefits to become easier
Non-resident taxpayers in India will soon have an easier time claiming treaty benefits. The Central Board of Direct Taxes (CBDT) is proposing a number...
OECD convention on Pillar One digital tax released
The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (Inclusive Framework) has released the text of a new multilateral convention that updates the international...
UK releases guidance on TP records requirement for Permanent Establishment
Introduction
On 24 November 2023, Her Majesty's Revenue and Customs (HMRC) released guidance on the transfer pricing (TP) documentation requirements for permanent establishments (PEs) in...
Rule 11UA Amended to Broader Horizons for Non Resident Investors
The Finance Act, 2023, brought in an amendment to bring the consideration received from non-residents for issue of shares by an unlisted company within...