An August bill is repealing India’s tax provision that allows New Delhi to impose retrospective taxes. Meanwhile, the Indian government is losing long drawn battles with Cairn and Vodafone on retroactive taxes.
This week Swedish beverages company Kopparberg launched a damages claim against HM Revenue and Customs (HMRC) over claims it was put at a disadvantage by a UK tax loophole.
Developing and emerging economies stand out to lose out from a low global minimum corporate tax because a 15% rate would not reduce profit-shifting from Latin American and African countries.
