Is India Ready for BEPS?: Foreseeable Problems and Suggestions

• Autores: Harsha Laddha
• Localización: Intertax, ISSN 0165-2826, Vol. 45, Nº. 12, 2017, págs. 828-840
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Base Erosion Profit Shifting (BEPS) has recently been a matter of great concern. Globally, the disparity among the various tax schemes aided Multinational Companies (MNCs) to shift their profits to low tax jurisdictions and practice double non-taxation. In order to deal with this unstable situation that led to diminution in the collection of tax, the Organisation for Economic Co-operation and Development (OECD) came up with the 15 Action Plans as an initiative on BEPS at the call of Group of Twenty (G20). It extends a global guideline, which will facilitate the governments with the national and international devices to preclude companies and businesses from escaping their tax liability by paying little or no taxes. Even after not being a member to OECD, India has been participating in an active manner in the advisements on BEPS. Undoubtedly, it is the biggest international effort to combat abusive tax planning without substance; however, we need to see how far it is successful in achieving the objectives it was set for. The aim of this article is to identify the foreseeable problems that are likely to emerge in the future and propose recommendations and suggestions, if any needed, to implement the tax practice that can help wipe out the problem of BEPS in context of the Indian taxation regime