India's economy could contract by as much as 7.3% in FY21 in the event of second Covid outbreak: OECD
The Organisation for Economic Co-operation and Development pegged India's growth at -3.7% for the ongoing fiscal with a rider that growth could drop further to -7.3% in the event of a second Covid-19 outbreak, according to its Economic Outlook.
OECD proposal on taxing MNEs to benefit countries like India: Experts
The proposal is aimed at re-allocating some profits and corresponding t...
Tax relief likely on creation of ‘permanent establishment’
Global firms with key staff in India create a 'permanent establishment', making th...
India moves to tax global tech giants, eyes OECD meet
The Central Board of Direct Taxes (CBDT) eyes companies invoicing revenues out of India with operations here.
US hurdle in unified plan to tax digital cos
Growth to pick up next year: OECD
The Organisation for Economic Co-operation and Development forecasted a growth rate of 6.2% in 2020 ans 6.4% in 2021. The forecast came ahead of the release the GDP numbers for the July-September quarter by the government’s statistics office, scheduled for November 29. India’s economy grew 6.8% in FY19.
MNC tax: Delays plague mutual agreement process
MAP agreements are not made public, but a case that had hit the headlines was that of Nokia, where significant tax demands of above Rs. 2,000 crore were made on the Indian company.
Govts may get more power to tax MNCs like Google, Facebook
A global push by OECD to bring these digital giants under the ambit of local taxes.
I-T department watchful of transactions with companies from tax havens
“The idea is to be vigilant towards such transactions,” said a department official. The department wants deeper enquiries into these transactions to ensure that businesses are not routing their dealings from these regimes to lower their tax outgo here.
India’s economy to grow 6.6% in 2020-24: OECD
India’s GDP could grow 6.6% in 2020-24, lower than its 2013-17 average of 7.4%, OECD said on Saturday.
India approves multilateral instrument to curb tax treaty abuse
MLI will enable India to modify its tax treaties to curb revenue loss through treaty abuse or BEPS strategies where companies park their profits in low-tax jurisdictions.
Facebook's Zuckerberg wants 'new framework' for digital tax
Washington has slammed the move as discriminatory, but both sides agreed last month to pursue a global framework under the aegis of the Organisation for Economic Co-operation and Development (OECD), with Paris suspending its collection of the tax until December 2020.
Centre adds 42 new seed varieties to Organisation for Economic Co-operation and Development list
OECD is a group of 35 countries which has set up standards for seed development and the same can be traded among the member countries.
WEF 2020: CEOs welcome pay alignment with environmental, social and governance criteria
With stakeholder capitalism gaining traction, the push to closely align executive pay to a company's performance on environmental, social and governance (ESG)-related criteria is gaining ground.
Announce convergence of all corporate tax rates to 15 pc in Budget: CII
The government last year reduced corporate tax rates to 22 per cent, plus surcharge and cess. However, companies will not be allowed to avail any tax exemptions or incentives.