The decision to introduce a general anti-avoidance rule (GAAR) in India has not been welcomed by the country’s tax advisers, citing that it disrespects and challenges the country’s judicial system.
House Budget Committee chairman Paul Ryan (R-WI) has unveiled a Republican alternative budget resolution for fiscal year 2013, which has been approved by a vote of 19-18.
Billions of dollars of research and development (R&D) tax breaks for large Australian businesses may be cut as a specialist panel seeks to remove loopholes from the corporate tax code.
While George Osborne’s budget last week continued to advance the government’s message that the UK is open for business, some argue that this end-goal is being too aggressively pursued and that in fact the country is becoming too open for business.
