Franklin Templeton case: HC sows seeds of democracy in governance of MFs
The effect of the pandemic has not been confined to health and has extended to other interesting debates in various fields of law. One issue which has caught the public eye is the controversy surrounding the decision of Franklin...
The Coca-Cola Company Ruling – Analysing the US Tax Court’s observations
Purpose of the blog: To analyze the recent ruling of the US tax court (‘the Court’) in the case of The Coca-Cola Company (TCCC). Ruling: The US Tax Court, for the years 2007-09, ruled TCCC was under-compensated by its associated...
Digital taxes: If multilateral fails, look for bilateral solutions
OECD has not been able to get a consensus as its one-size-fits-all approach is fundamentally at odds with the inherent attributes of the digital industry Whereas it means a source of tax revenues for nations, which is crucial in...
GST Input Tax Credit: An Avoidable Controversy
The onset of the goods and services tax, notwithstanding its tax-unification benefits and reformative impact, has been mired in controversies. Especially, the wide-ranging disputes in relation to input tax credit or ITC that...
What next after the Vodafone tax arbitration?
The Permanent Court of Arbitration at The Hague has issued its award allowing the claim of Vodafone against the Government of India. The award marks the culmination of a long-drawn acrimonious litigation between Vodafone and the...
Taxpayer Charter: Nurturing Relationship of Mutual Trust and Respect
Last week, the PM unveiled the Taxpayer Charter with a twin-fold document containing 14-point obligations of the Revenue and 6-point duties of the taxpayer. While the analysis of each is yet to be translated into actionable...
GST Compensation Conundrum: Between a rock and a hard place
The debate on Goods and Services Tax compensation for states, earlier discussed in hushed tones, has now assumed centerstage. It was expected that current economic strain would impact GST collections and in turn take a toll on...
Hon’ble PM Narendra Modi launches the Taxpayer Charter
The Taxpayer Charter unveiled by the Hon’ble Prime Minister Narendra Modi today marks an important milestone in our nation’s history. It enjoins the commitment (14 affirmative actions) of the lawmakers as well as highlights the...
Is digital tax the end of Multilateralism as we know it?
Frustrated by the slow pace of discussions and anxious to mobilise revenue considering the Covid-19 pandemic, several countries have taken unilateral measures to tax the digital economy.
GST: A year of learning and attainment
Two key issues that will engage the attention of policymakers are the tax rates and the dispute settlement mechanism It’s been a year since the goods and services tax (GST) came into force, though, the nation surely has come a...