India Plans Tax Code Overhaul to Fight Tax Evasion
India’s government is planning a big shake-up of its archaic tax system in a bid to curb widespread evasion as it confronts a sharply widening fiscal deficit amid expanding social welfare programmes.
The plan, announced by Pranab Mukherjee, the finance minister, aims to foster greater compliance with tax laws by lowering key corporate and personal income tax rates, simplifying...
India plans to overhaul tax system
Tech Companies Prepare to Battle Obama on Offshore Tax Deferrals
National Journal reported today that some tech-industry giants are getting ready to “intensify their opposition” to the Obama administration’s plan to limit the use of offshore tax deferrals:
High-tech industry giants such as Hewlett-Packard, IBM, Microsoft and Oracle will intensify their opposition this fall to an Obama administration proposal aimed at limiting what critics insist...