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 :: VAT RATES :: Central Excise rule to resale the machines to a new company :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARD :: empanelment :: ACCOUNTING STANDARDS
 
 
« News Headlines »
  I-T department asks taxpayers to update their information on e-filing portal
  How to check income tax refund status
 GST panel to consult MSMEs in October end to further ease tax rigour
  How to check income tax return status
 Been Served a Notice by the Income Tax Department? Here’s How You Can Respond
 Seeks to amend the CGST Rules, 2017 - 45/2017 - Central GST (CGST)
 Government provides clarity on tax rate
 Processing of returns in Form ITR-I under section 143(1) of the Income-tax Act, 1961
  Filing of Reconciliation return in form 9 for the year 2016-17
  Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Today is last date for filing GSTR-1 forms for July; govt rules out further extension

Improve methodology for ranking ease of paying taxes
May, 13th 2008

The Chairman of the Prime Minsters Economic Advisory Council, Dr C. Rangarajan, has taken issue with the World Bank over the methodology used in the latters Paying Taxes 2008 study, which ranked various countries in terms of ease of paying taxes.

India was ranked 168 among 178 countries. The corresponding rank for Pakistan was 146, Sri Lanka 158 and Bangladesh 81.

We feel there are serious shortcomings in the methodology used by the World Bank study in making these rankings. Besides the judgments made in the choice of the firm, taking the number of tax payments and time spent with tax payments is far too simplistic, Dr Rangarajan said in his address at the Fifth Asia Tax Forum, jointly organised by the Union Finance Ministry and the National Institute of Public Finance and Policy here on Monday.

The Paying Taxes 2008 report showed that businesses find significant hardships in paying taxes in South Asian countries in general and India in particular.

Dr Rangarajan said that the rankings generated from the methodology used raises doubts.

I am not trying to find fault with the rankings, but I want the methodology to improve, he told Business Line.

The World Bank study had concluded that there was a win-win opportunity for governments and firms if governments simplify tax systems, ease the compliance cost on business and reduce tax rates.

The Paying Taxes study involved gathering information on the tax affairs of a standards case study company in 178 countries, by reviewing the financial statements and a list of transactions of a standard modest-sized firm.

The information was used to generate three indicators related to the number of tax payments, the time taken to comply with its tax affairs, and the tax cost.

These were equally weighted to produce an overall ranking for each country for the ease of paying taxes.

Dr Rangarajan also stressed the need to re-visit the tax structure on oil products in the wake of rising international crude oil prices. However, later he clarified that this was stated in the context of carbon tax and the environmental aspects.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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