India's tax authorities need to keep up with international tax trends to protect their income. The introduction of anti-avoidance measures to counteract the harmful tax practices of pro-taxpayer nations would contribute to increasing India's share in world tax collections, according to Sunil Gidwani and Rajat Panikkar of PricewaterhouseCoopers
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The increasing sophistication of India’s taxation system has led to complexity across tax treaty benefits, permanent establishments, transfer pricing and more, say Sanjay Sanghvi and Ujjval Gangwal of Khaitan & Co
The firm’s final report outlined new mandatory staff training designed to enhance ethical conduct; meanwhile former PwC Australia partner Wayne Plummer has been cleared of wrongdoing