Tax Avoidance

  • Governments to target Apple, other tech giants, for tax avoidance July 6, 2013

    Berlin/London: Western governments are set to target a range of tax loopholes used by technology giants including Apple, Amazon as part of an international drive to tackle corporate tax avoidance, a draft action plan seen by Reuters said. The Organisation for Economic Co-operation and Development (OECD), which advises its mainly rich...
  • GAAR should be applied intelligently: Panel head September 1, 2012

    New Delhi: The provisions of General Anti Tax Avoidance Rules (GAAR) should be 'intelligently' applied, said the Chairman of expert committee, Parthasarathi Shome, after submitting the draft report to Finance Ministry. "GAAR should be intelligently applied...some times there are areas of subjectivity so you limit them, truncate them and define them...
  • GAAR should be applied intelligently: Expert panel chairman September 1, 2012

    The provisions of General Anti Tax Avoidance Rules (GAAR) should be 'intelligently' applied, said the Chairman of Expert committee, Parthasarathi Shome, after submitting the draft report to the Finance Ministry. ...
  • Delay GAAR by 3 years: PM-appointed panel September 1, 2012

    New Delhi: The Prime Minister-appointed Shome Committee on Saturday submitted its second draft General Anti Avoidance Rules (GAAR) recommendations to Finance Minister P Chidambaram, whereby he proposed delaying the implementation of GAAR by three years. The Committee, headed by Parthasarathi Shome, suggested abolishing Capital Gains Tax on listed securities and distinguishing...
  • Monetary limits proposed on GAAR not final: PMO June 29, 2012

    New Delhi: Within 24 hours of Finance Ministry issuing the draft guidelines on controversial General Anti-Avoidance Tax Rules (GAAR), the PMO appears to have distanced itself from the proposal saying that were not seen by Prime Minister Manmohan Singh and would be finalised only after his approval. "These (draft guidelines) have...
  • PM proposes monetary limit for invoking GAAR June 29, 2012

    New Delhi: Within days of taking over the Finance Ministry, Prime Minister Manmohan Singh has got down to business. To boost investor confidence, the Finance Ministry has proposed a monetary limit for invoking the controversial General Anti-Tax Avoidance Rules. While the monetary limit has not been specified, the new draft says...
  • Probe on into black money deals: Pranab October 19, 2011

    New Delhi: The government on Wednesday said it has started investigations into transactions by Indians involving black money based on 9,900 pieces of information received from different parts of the world. "Over 9,900 pieces of information obtained regarding suspicious transactions by Indian citizens from several countries have been obtained which are...