This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below.
Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers.
Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
India Will Try Again To Prevent 'Treaty Shopping',
by Mary Swire, Tax-News.com, Hong Kong
Monday, December 29, 2008
The Indian government is expected to use its new direct tax code to attempt to prohibit
so-called ‘treaty shopping’. The Mauritius-India treaty in
particular has come under intensified scrutiny recently.
Treaty shopping happens when a national or resident of a third country seeks to obtain
the benefit of a double tax agreement between two other countries by interposing
a company or other entity in one or the other of them. The new direct tax code,
which is expected to be finalized in 2009, will attempt to stop this practice.
In the case of Mauritius, capital gains tax on investments in Indian securities is payable in Mauritius, which currently operates a 0% capital gains tax rate, effectively
allowing those who are domiciled in Mauritius exemption from tax on capital
gains from trading in India.
India has been trying to get Mauritius to change the countries' Double Tax Treaty for at least five years, but negotiations have not been successful. It is not clear that any unilateral action on India's part short of abrogation of the tax treaty will make any difference to the situation.
The Indian tax authorities huff and puff over the Mauritian tax treaty from time to time; but the rest of the government is very happy about the substantial direct foreign investment that flows in, largely because of the tax treaty, and is unlikely to support abrogation of the treaty.
The addition of a 'GAAR' (General Anti Avoidance Rule) to the tax code may however give the tax authority a new weapon to use in its fight against improper use of tax treaties.
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
Advertising & Marketing
With over 50,000 qualified readers every month our web-sites
offer a number of cost effective, targeted advertising,
sponsorship and marketing opportunities:
Display advertising - from 'skyscrapers' to 'buttons'
Content/article submission and sponsorship
Opt-in email marketing
On-line Services Directory listings
Could your corporate web-site or newsletter benefit
from incorporating regularly updated news and content
tailored to serve your clients' interests? We can provide
a variety of maintenance-free news and content solutions
that can be seamlessly integrated and dynamically delivered:
Click here for a brief introduction
to RSS and instructions on how to get the Tax-News feed.
IMPORTANT NOTICE: THE LOWTAX NETWORK has
taken reasonable care in sourcing and presenting the information contained on
this site, but accepts no responsibility for any financial or other loss or damage
that may result from its use. In particular, users of the site are advised to
take appropriate professional advice before committing themselves to involvement
in offshore jurisdictions, offshore trusts or offshore investments. All materials
on this site copyright THE LOWTAX NETWORK 1999 to 2010. Contact
us for further information.
TAX-NEWS.COM
Free Tax-News Feed