Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT Audit :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: list of goods taxed at 4% :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: empanelment :: cpt :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« General »
 Income Tax notification: Aadhaar-PAN linking must from July 1
 Filing ITR just got easier for salaried class with CBDT's one-page form
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready

Tax base erosion major concern for India, China tax authorities
November, 26th 2013

With tax avoidance becoming an issue globally, countries like India and China are looking at tax base erosion as a major area of concern.

This was stated in a White paper on "Evolving Global Tax Policy Trends: Outlook for India", scripted jointly by the Confederation of Indian Industry (CII) and global services firm Ernst & Young (EY), a CII release said Sunday.

The report explores some of the emerging trends in global taxation and delineates its implications on India's tax policy.

The paper says that major emerging economies like India and China are actively working with capital exporting developed countries groupings like the Organisation for Economic Cooperation and Development (OECD) on base erosion and profit shifting (BEPS) issues.

Continued growth and reach of multinational businesses across the world has created a complex web of cross-border commercial transactions among related companies, and the world's tax authorities want to ensure that they tax their rightful share of the income from those transactions, the paper said.

The BEPS action plan to address the issue was launched in July by OECD, identifying 15 specific action steps needed to equip governments to prevent "double non-taxation", CII said in the statement.

The paper calls for comprehensive reforms in General Anti-Avoidance Regulations ( GAAR), transfer pricing and indirect taxation.

The paper recommends an early implementation of the Goods and Services Tax ( GST) in India, which would rationalize the current indirect tax regime in the centre and states, eliminate tax cascading and put the Indian economy on higher growth trajectory, the statement said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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