In an increasingly interconnected world, national tax laws have not always kept pace with how global corporations have developed, or with the rise of the digital economy, leaving gaps, which can be exploited to generate double no-taxation. This undermines the fairness and integrity of tax systems. The first set of Base Erosion and Profit Shifting … More Will the Government initiate the process of implementing OECD/ BEPS actions in this Budget?
The newly crowned Modi Government has completed three months in office. In this short time, it has succeeded in instilling confidence in global investors on the attractiveness of the Indian economy as an investment destination. It is attracting the attention of several MNCs, who are crafting roadmaps to enter the Indian market or uptick their … More Topical tax issues
The Indian economy has reported rapid growth in the last two decades, transforming from primarily an agrarian economy to a services-driven one. However, despite the super-normal growth, India’s manufacturing sector contributes 16% to the GDP; as compared to China’s 34%.
The election of a Government with a majority and a more development-focussed election battle underlines the expectation which the electorate has vested in the new administration to make bolder changes to provide the economy with the much needed impetus. Equally the new Government has put healthcare sector as a high priority thrust area and has … More Life Science industry: Hope the FM would address the key issues through the maiden Budget
The Union Budget will be first opportunity for new government to showcase its policy thrust from an economic perspective. The expectations are huge and the Finance Minister is tasked with the unenviable task of igniting growth, encouraging investments and controlling inflation while keeping a close watch on fiscal prudence. Indirect tax expectations have to be … More Union Budget expectations
Budget as a Policy Opportunity The centre’s budget for FY 2015 needs to be much more than the arithmetic of balancing revenues and expenditures. It can lay the foundation of the new government’s strategy for reviving the Indian economy, ushering in major structural changes to propel the Indian economy to a preeminent position in the … More Reviving the Indian Economy: Budgeting for Major Reforms
The PM has started in all earnestness with his set of 10 commandments for his Council of ministers and bureaucrats for fulfilling his election pledge of good and effective governance. I have ventured to suggest 10 commandments on Tax Policy which the FM may consider to usher in the much needed clarity in legislation as … More Budget 2014-15: 10 Commandments On Tax Policy For FM