India's revised tax treaty with Singapore, aimed at checking round-tripping of funds, has come into force. While most clauses of the amended treaty signed on December 30 took effect from February 27, the principal clause allowing levy of capital gains tax on ... Business Standard, 1 month ago
P-notes may take a hit on new tax treaties - Rediff.com, 4 weeks ago
Foreign investors have pumped in a massive Rs 56,261 crore into the Indian market in March, clocking the highest net inflow by FPIs in a month since 2002, mainly to take advantage of the grandfathering clause ahead of the implementation of the General ...The Financial Chronicle, 2 weeks ago
One of the key concerns of foreign investors is how the general anti-avoidance rule would apply in case an investor is availing benefits under double taxation avoidance agreement. Foreign portfolio investors (FPIs) are jittery as recently revised India-Singapore tax treaty has created confusion over general anti-avoidance rule (GAAR) overriding bilateral tax treaties. This is despite the fact that a high-level panel, led by tax expert Parthasarathi Shome, had recommended that GAAR should ...Rediff.com, 2 months ago
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business. Tighter rules and dwindling flows are taking a toll on issuers of participatory notes (P-notes) in the country, with top players heading towards the exit. According to sources, Swiss bank UBS has stopped issuing offshore derivative instruments (ODIs) or P-notes based on domestic securities from January 1. Foreign investors typically buy P-notes. UBS joins its European peer HSBC, which had ...Rediff.com, 2 months ago
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