Despite India today ratifying the Convention on Mutual Administrative Assistance in Tax Matters, the country is still not ready to become a fully-fledged member of the OECD and must change its attitude to international cooperation.
Jack Grocott speaks to Diego Gonzalez-Bendiksen, the head of the Colombian tax office's (DIAN) international audit unit about the future of compliance and why he is scrutinising M&A activity.
Just when you thought the Vodafone dispute had come to an end, it has reared its head again with the government challenging last month’s Supreme Court ruling and looking to change the law so that offshore transactions become taxable.
Both taxpayers and officials need to change their approach to tax risk if they are to ensure greater compliance and reduce exposure to tax disputes, the Tax Council Policy Institute‘s annual symposium (TCPI) was told yesterday.
Delegates at the Tax Council Policy Institute (TCPI) were told yesterday that tax risk is an important and unavoidable part of doing business, but that effective risk management is essential.
Last month’s Vodafone ruling provided some clarity on the taxability of indirect transfers of Indian assets. But there are still some questions to be answered. Sanjay Sanghvi and Suraj Shetty of Khaitan & Co look at the Aditya Birla tax controversy in light of the Vodafone ruling and explain that the clues are there on how the country is targeting indirect transfers.
