India's tax authorities need to keep up with international tax trends to protect their income. The introduction of anti-avoidance measures to counteract the harmful tax practices of pro-taxpayer nations would contribute to increasing India's share in world tax collections, according to Sunil Gidwani and Rajat Panikkar of PricewaterhouseCoopers
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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