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Foreign companies with India PoEM subject to higher 40 percent tax rate, government concludes
Mohit Agarwal, a Tax Director at PwC India, discusses important guidance issued by the Indian government on June 22 relating to computation of tax liability, applicable tax rates, and related compliance once a foreign company’s ‘place of effective management’ (PoEM), and thus the company’s tax residence, is determined to be in India . . .
Countries still can’t agree on global transfer pricing standards for financial transactions, OECD official says
Countries working on an OECD-led effort to create uniform transfer pricing rules for related-party financial transactions are having a difficult time reaching agreement; thus, a long-awaited OECD draft on the matter, slated for release this summer, will highlight country disagreements rather than propose new . .