Financial Express: GLoBE Rules: Making a start
– Mukesh Butani On December 20, 2021, the OECD released the model Anti Global Base Erosion Rules. The Model Rules (also referred to as the “GloBE” Rules) are part of a two-pillar solution—Pillar 1 gives taxing rights to...
Business Today – India withdraws retro tax: What Next?
– Mukesh Butani On August 5, 2021, the government proposed the Taxation Laws (Amendment) Bill, 2021 to amend Section 9 of the Income Tax Act, 1961 (ITA). It was notified as an Act on August 13 after being passed by both...
Kluwer International Tax Blog: Global Experts debate Landmark Transfer Pricing Cases in IFA Webinar
– Mukesh Butani & Seema Kejriwal On 20 May, 2021 the first Webinar of IFA’s online series “A conversation on International Tax Practice” was held. Chaired by Robert Danon (Chair IFA Permanent Scientific Committee),...
The Financial Express – Taxpayer rights: Seeking a new dawn for nation-builders
– Mukesh Butani & Kinshuk Jha As India enters its 75th year of Independence in a year fraught with trials, tribulations and resilience, there are encouraging signs on the horizon for taxpayers of the world’s largest...
Mint: We will eliminate double taxation, says OECD tax chief
-Mukesh Butani We need to design the rules on global minimum taxes for implementation, to finalize this political agreement by October, says Pascal Saint-Amans, Director of OECD’s Center for Tax Policy and Administration...
The Financial Express: Retrospective Tax Law: Good riddance to a bad taxation approach
By Mukesh Butani & Tarun Jain Sovereignty’s manifestation, especially in contemporary civilisation, is shaped by pragmatism and due process. Bill of rights, constitutionalism, an independent judiciary, etc, within the...
Bloomberg|Quint – CESTAT Order: Onerous GST Burden On PE And VC Funds
– Mukesh Butani and Shankey Agarwal A recent ruling of the Customs Excise and Service Tax Appellate Tribunal ruling has a far-reaching impact on private equity and venture capital funds by substantially pushing up their...
The Financial Express – GST: End hibernation on dispute resolution
By Mukesh Butani & Tarun Jain The adage “old is gold” is not necessarily true, and has exceptions. The same applies to the pre-GST indirect tax landscape of India. The long-queues of trucks at state-borders (with entry upon...
Bloomberg Quint – India And Post-Pandemic Bilateral Investment Treaties
– Mukesh Butani & Aparna Raman As the Covid-19 pandemic crisis and its aftereffects continue in India and across the world, it is expected that global investors will seek strategic realignment to navigate an environment...
The Financial Express: OECD Tax Proposals: What are the implications for India?
Uncertainty on the process and outcome await the Indian tax authorities and businesses covered under OECD pillar one & two By Mukesh Butani & Tarun Jain The OECD, on July 1, issued a statement indicating consensus amongst...