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2 mins read

A brief history of India’s retrospective tax law that would finally be upturned for good

On Thursday, August 5, the Indian government proposed to withdraw all tax demands under the retrosp…

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3 mins read

Taxation and industry experts cheer the potential withdrawal of retrospective tax

The government of India has decided to withdraw the controversial retrospective tax, which was firs…

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4 mins read

Indian government brings in a bill to bury the infamous retrospective tax that haunted Cairn and Vodafone for nearly a decade

In a bid to bury the ghost of retrospective taxation, the government on Thursday brought a bill in …

PTI   


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OPINION: Retrospective tax — Putting an end to a long-standing controversy

The retrospective amendments attracted a lot of attention, both when they were first introduced in …

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4 mins read

India will have to pay Cairn $1.2 billion ending one of the biggest tax disputes of the decade⁠— but the tax department may not have given up yet

At the start of the decade, the Indian government had a claim of ₹24,500 crore (over $2 billion at …

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3 mins read

Cairn says it has identified Indian assets for seizing should it be not paid

The firm has moved courts in nine countries to get the arbitral award registered and recognised.…

PTI   


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1 min read

Vodafone wins $2 billion tax dispute case against the Indian government

Vodafone Group Plc has won the $2 billion tax dispute case against the Indian government. The case …

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Ivana Trump was buried near the first hole of Trump National Golf Club. Her gravesite could offer tax breaks for the business.

Tax code in New Jersey, where Ivana Trump is buried, exempts land dedicated to cemetery purposes fr…

Katherine Tangalakis-Lippert,…   


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14 mins read

35 years ago the Senate held hearings on rock lyrics. It was a First Amendment showdown for the ages.

In 1985 the Senate held hearings on "rock porn." Just three musicians stood up to the government to…

Anthony L. Fisher   


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7 mins read

Trump's socialist moment(s)

Trump's threats to get more involved in the US economy smacked of the kind of socialism that he lik…

David Plotz,Henry Blodget,Lin…   


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2 mins read

Amazon, Flipkart, Microsoft to pay 2% extra tax now

The Confederation of All India Traders (CAIT) has welcomed the Budget proposal to impose 2 per cent…

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4 mins read

Indian government appeals against tribunal ruling of $1.4 billion Cairn arbitration award

The appeal was filed on Monday, a source with knowledge of the matter said. The appeal agai…

PTI   


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Cairn Energy in wait and watch mode even after the bill to kill retro tax is tabled in the Parliament

Cairn Energy is not making any notable statements and has instead chosen to wait and watch how the …

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House tax bill hearing explodes as Democrat tells GOP member 'we'll settle that outside' during amendment debate

"If this isn't germane, nothing's germane. You want to go home right now? Hit the gavel. Goodbye an…

Bob Bryan   


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Vodafone has to wrap up ₹22,100 crore tax case before it can think of liquidating India business

The world’s largest telecom company Vodafone is on its backfoot in the world’s largest telecom mark…

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3 mins read

The cruelest idea in the GOP tax bill is still in there

The Joint Committee estimated that the deduction for medical expenses would cost the federal govern…

Linette Lopez   


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1 min read

Taxed for being an ‘angel’? Several start-ups won’t benefit even as angel tax is revoked, say experts

'Angel tax' is the tax that the government planned to levy on investments in start-ups; however, si…

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7 mins read

There's a little-known way to sell your startup for millions and pay $0 in taxes that every founder and early investor should take advantage of

Instead of having to pay 23.8% to the federal government for long-term capital gains on your nearly…

Lynnley Browning   


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3 mins read

This might scare foreign investors! MNCs get notice to stump up taxes on salary of expats

This could ignite a confrontation between the two sides. Tax authorities are of view that this tran…

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1 min read

You won’t have to pay service tax on debit/credit card transactions of up to Rs 2,000

A notification to this effect will be tabled by Finance Minister Arun Jaitley in Parliament. Recent…