The report of Parthasarathi Shome and his expert committee, which recommended that retrospective application of the tax law should only be used in the “rarest of rare” cases has been welcomed by taxpayers craving certainty in their Indian tax affairs. International Tax Review speaks with the author about the likely implications of his report.
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Ireland’s Department of Finance reported increased income tax, VAT and corporation tax receipts from 2024; in other news, it’s understood that HSBC has agreed to pay the French treasury to settle a tax investigation