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A draft order claims the streaming company has a permanent establishment in India, though one lawyer says the government may be on a ‘fishing expedition’.
India GST breaks revenue records, the EU plans to adopt CBAM, Japanese business leaders call for a consumption tax increase, and more.
Although India has tweaked some tax rates for individuals and companies, it is still trying to address other issues such as capital gains, sources say.
The Supreme Court recently ruled that comparability issues in transfer pricing can give rise to a ‘substantial question of law’.