Britain’s biggest companies may have to revise their tax planning after India
proposed controversial new tax laws.
The new laws could see a foreign company with management presence in India
considered tax resident in the country, with global revenues taxed at 25%.
Another expert suggested that India could go back on its current tax treaties
in place with the UK.
“India is gearing up to renege on these tax deals,” said one expert.
India has taken a more aggressive tone on tax issues in recent years, with
Vodafone still fighting a multi-billion pound case, appealing a an earlier
decision in the courts which found it must pay $2bn on its $11bn acquisition of
local mobile group Hutchison Essar.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...