At the 68th IFA Congress in Mumbai panelists warned that taxpayers will need to prepare themselves for decreasing confidentiality levels in relation to company data.
General anti-avoidance rules (GAAR) could come into effect from April 1 2015 but there is a chance the rules will once again be deferred as a result of opposition from the tax industry and corporates.
The EC is investigating tax arrangements between Ireland and Apple because it thinks the tech company was given a financial advantage in exchange for creating jobs.
The recently released BEPS deliverables have generated more confusion than certainty, specifically with regards to the OECD’s plans for the arm’s-length standard.
The Indian government announced its opposition to the OECD’s proposal to resolve disputes with mandatory arbitration, claiming that it will infringe on the country’s national rights.
Tax inversions have been rife throughout all industries but none more so than in life sciences. The structure of life sciences companies and the ease at which intellectual property (IP) can be moved contribute to the industry’s suitability for tax inversions.
