Supreme Court: Benefit of Section 436A CrPC Extends Even to Accused Under PMLA  ||  Supreme Court: Can’t Order Confiscation of Vehicle Without Hearing its Registered Owner  ||  Allahabad High Court: Taunting a Person for Giving Less Dowry Not a Penal Offence  ||  All. HC: Collector Being Quasi-Judicial Authority Has No Statutory Power to Review/Recall Order  ||  All HC: High Court Appointing Arbitrator has Power to Extend Arbitrator's Mandate u/s 29A of A&C Act  ||  SC: Centre Recommended to Frame Comprehensive Sentencing Policy  ||  Supreme Court: Court Which Granted Bail Can Cancel it if Serious Allegations Made  ||  Supreme Court: SEZ Developers Must Apply for Recognition and be Scrutinized  ||  SC: Comments to be Made Within Public View to Punish Person for Casteist Insults Under SC/ ST Act  ||  P&H HC: Bail Petition Rejected of Travel Agent Accused of Defrauding a Man for Processing Visa    

OECD global reforms to curb tax avoidance by MNCs - (06 Oct 2015)

The OECD’s tax reforms, ‘Base Erosion and Profit Shifting’, to help close loopholes that allow companies avoid tax by moving profits to low-tax jurisdictions invited much opprobrium. Among the new rules proposed, is one requiring companies provide a complete break-up of information about every tax regime in which they operate, account for profits in each country and detail how much tax it has paid. OECD estimates place the amount of tax avoided by multi-national companies from such inter-jurisdictional transfer of profits, enabled by ‘treaty shopping’ between US$100 billion and US$240 billion.

Relevant : Read more about BEPS at


Share :        

Disclaimer | Copyright 2024 - All Rights Reserved