Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARDS :: form 3cd :: VAT RATES
 
 
« News Headlines »
 Infosys to configure GST network for filing returns
 Save income tax through mutual fund investment. All you need to know
 Income tax returns (ITR): On sale of property, here is what you should know
 Section 35 of the Income-tax Act?
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961
 Income tax returns filing: No tax on gift received from relatives in form of cash

India ahead of UK in tax laws: Study
November, 09th 2006

Most of India's laws may be based on colonial legislation, but modern India has outdone Britain in tax laws - it has more pages of tax laws than Britain, which is said to have the most complicated tax systems in the world.

A study by financial experts Price Waterhouse Coopers and the World Bank has revealed that only India has more pages on tax laws than Britain, whose chancellor Gordon Brown has earned the sobriquet of 'King of Complexity'.

According to the study, Britain has 8,300 pages of tax laws, compared with 9,000 for India. By contrast France, with a similar population as Britain's, has just 1,300 pages of tax regulations and Germany has 1,700.

Caralee McLiesh, founder of the Doing Business project at the World Bank, said that complex rules made it easier for companies to avoid paying taxes, either accidentally or on purpose.

"It is much harder to avoid tax when you have a flat tax as opposed to when you have more than 5,000 pages of tax law, as you in have the US and Britain," she said.

The report warns countries such as Britain that the "ever-increasing complexity of their tax legislation" will result in "probable reduction in their international competitiveness". It found that the number of pages has more than doubled from approximately 3,700 to 8,300 during Brown's tenure as the Chancellor of the Exchequer.

British business leaders have reportedly often complained that under Brown, it has become more difficult to do business in Britain. The Confederation of British Industry recently reported that new employment regulations had cost companies 37 billion pounds since 1998.

Shadow Chancellor George Osborne said: "This devastating report crowns Gordon Brown as the King of Complexity. He has given Britain one of the most complex tax systems in the world".

The Treasury, however, brushed off the criticisms, saying that overall the report underlined the competitiveness of the British economy.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions