The safe harbour regime proposed in the Union Budget for component warehousing linked to manufacturing could offer multinational companies a comparable or better post-tax cost structure, along with lower regulatory risk, Finance Ministry sources told PTI.The proposal, which targets supply chain efficiency for electronics manufacturing, is expected to result in an effective tax of about…
NEW DELHI: The Budget has rolled out a sweeping reset of India’s transfer pricing framework, aiming to cut litigation, improve tax certainty and make the country a more attractive base for multinational companies (MNCs) and global capability centres.Presenting the proposals, finance minister Nirmala Sitharaman announced far-reaching reforms to safe harbour rules and Advance Pricing Agreements…
With just days left before the year-end compliance window closes, the Income Tax department has begun reaching out directly to multinational companies, asking them to alert Indian employees about undisclosed foreign assets and income, according to multiple tax advisors.Several large multinationals — including a global consumer healthcare firm, a wireless technology major and a US-based…
American billionaire and entrepreneur Mark Cuban has now urged the young engineers entering the job market to prioritise small and medium-sized companies over multinational corporations (MNCs) when seeking opportunities in artificial intelligence (AI). Cuban feels that smaller companies offer better platform for new graduates to make an immediate impact, while large corporations often dilute individual…
Sanjay Sharma, MD, Orkla India MUMBAI: Orkla India, maker of popular dosa batter and ready to eat meals brand MTR Foods, is heading for a public market debut 17 years after the company entered the country, a move it said will establish value for the business and allow it to step up acquisitions in a…
Rs 3,745 cr investment cleared by Cabinet pane (Image credits: ANI) In a major boost to both industry and agriculture in Telangana, the state’s Industrial Promotion Cabinet sub-committee has approved investments worth Rs 3,745 crore from three multinational companies. The projects are expected to generate direct employment for 1,518 people.Deputy chief minister Bhatti Vikramarka Mallu,…