The Indian minister for finance will have a challenge on his hands to manage taxpayers' expectations when he stands up in parliament to deliver his budget on July 6. He is facing demands from industry groups to reform the corporate tax system, including cutting rates, and pressure from multinational companies to deal with their priorities, such as transfer pricing risk.
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The flagship 2025 tax legislation has sprawling implications for multinationals, including changes to GILTI and foreign-derived intangible income. Barry Herzog of HSF Kramer assesses the impact
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