Around the world, the discussions on tax policy have become centric to checking tax base erosion and enhancing transparency in terms of exchange of information. India’s tax policy is no exception and is changing in response to the global developments. More than low rates of tax or tax incentives, the investors look for a responsive tax administration that provides certainty and consistency in tax treatment.
A facilitative tax environment is crucial to creating a more positive image for India as an investment destination and to make the Prime Minister’s mission for ‘Make in India’ a success. This CII-EY publication explores the emerging tax trends across the globe. It also discusses the policy and administrative reform measures needed for a stable, certain, less litigious and facilitative tax environment in India that supports investments and growth.
The report was released by CII in association with its knowledge partner, EY at the 2nd Global Tax Summit organized by CII on 17 December, 2014 at New Delhi.
Key Content: Promoting ‘Make in India’ - Tax incentives to rejuvenate the manufacturing sector; GST: how can we make “good” better? ; Global Tax Trends: how is India responding? ; Making tax environment more facilitative: lessons from other jurisdictions.