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A joint working group is set to meet next month to discuss the double tax agreement between India and Mauritius, which, India has long complained, allows investors to avoid Indian taxes to an unacceptable degree. Read Full Story
The Organization for Economic Cooperation and Development has released for consultation two updated draft discussion papers to clarify the interpretation of 'beneficial ownership' and 'permanent establishment' used by tax authorities to assess in which nation, and at what rates, corporates should be liable to withholding taxes on prescribed passive income received from cross-border economic activity covered by an OECD model double tax agreement. Read Full Story
The Indian government has a list of corporate merger deals from which it hopes to claw back billions of dollars in back taxes with a proposed retrospective amendment to income tax law. Read Full Story
India's Finance Minister Shri Pranab Mukherjee has defended plans for retrospective tax legislation, telling the US Secretary of the Treasury that the proposals merely clarify the intent of current laws. Read Full Story
The ongoing tax dispute between India and Vodafone has erupted again, with the telecoms company now serving a Notice of Dispute against the government's controversial new retrospective tax legislation. Read Full Story
Meeting at the first Organization for Economic Cooperation and Development Global Forum on Transfer Pricing, tax officials from 90 countries agreed on the need to simplify transfer pricing rules, strengthen the guidelines on intangible issues and improve the efficiency of dispute resolution. Read Full Story
India’s Supreme Court has ruled that Vodafone Group Plc is not liable for a USD2.2bn bill in back taxes and penalties after the USD11.2bn acquisition of Indian mobile phone company Hutchinson Essar in 2007. Read Full Story
Leading telecoms company Vodafone has warned that the firm's back tax liability in India could double if the Indian Supreme Court rules in favour of the country's tax authorities with regard to a long-standing tax dispute. Read Full Story
India and Mauritius have agreed to further discuss the double tax avoidance treaty that currently exists between the two countries, with the aim of making revisions to the agreement. Read Full Story
The long-running court case involving the tax liability of Vodafone’s acquisition of an Indian mobile phone company in 2007 continues, with the Authority for Advance Ruling (AAR) adjourning the case until May 24. Read Full Story
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