Redefining the boundaries of International Taxation

In what may be regarded as the single-most collaborated cross-border tax reform, the final reports relating to the OECD project on base erosion and profit shifting (BEPS) were released by the OECD on 5 October 2015. The reports include recommendations, which potentially cause a tectonic shift in international laws and treaties. Armed with the directive … More Redefining the boundaries of International Taxation

BEPS: It’s coming!

Base Erosion and Profit Shifting (BEPS) has been the talk of tax town with good reason — multinational corporations have ceaselessly been in the eye of a political storm over strategies to reduce their tax bill. The G20 nations wanted the OECD to intervene, which resulted in the OECD BEPS project. Although the OECD BEPS … More BEPS: It’s coming!

Will Budget 2015 make India an attractive investment destination?

It has been more than six months since the Narendra Modi Government presented its maiden budget. Budget 2015 will be its first full-fledged budget and is awaited with more hope than any in recent times. In the current globalized world, investments drives economic development and the Prime Minister has hit the bull’s eye by launching … More Will Budget 2015 make India an attractive investment destination?

Interaction between GAAR and tax treaties

Many countries are unilaterally applying anti-avoidance measures to their existing treaties, thereby creating further uncertainty among multinationals. Even where treaties provide for specific anti-avoidance measures, the anti-avoidance rules seek to override these. Has India considered this aspect adequately? Are the other countries doing so? What is the emerging landscape for treaties in this backdrop?