Mukesh Butani, Ernst & Young’s national tax director in India since June 2002, is leaving the position on August 15 2004 amid talk of turmoil at the firm. A number of partners, including Jairaj Purandare, Ernst & Young India’s chairman, and Rajiv Dimri, the head of indirect tax, have resigned from the firm in the last two-and-a-half months. Purandare became chairman on April 1 this year.
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Belt and Road Initiative countries face tax incentive conundrums due to pillar two, but relatively few countries would seek to scrap the project, ITR has heard