While the requirement to furnish a tax residency certificate remains, some of the onerous amendments to the law have been done away with, adding a needed favourable chapter to India’s attempts to rationalise the law and practice of taxation of foreign companies in India, argues Avinash Narvekar of Ernst & Young
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap