Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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NAGPUR: President Pranab Mukherjee on Monday slammed multinational companies saying they only looked for oversees locations with an intention to dodge taxes, raising eyebrows at a time when the country is desperately wooing foreign capital to plug..."/>
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                            <div align="justify">-The Times of India</div><p align="justify"><br /><em>NAGPUR: </em>President Pranab Mukherjee on Monday slammed multinational companies saying they only looked for oversees locations with an intention to dodge taxes, raising eyebrows at a time when the country is desperately wooing foreign capital to plug a widening current account deficit.</p><p align="justify">Addressing a function at the National Academy of Direct Taxes (NADT), Mukherjee said more than three-fourths of business transactions nowadays took place through the units of MNCs. &quot;Their basic objective is to locate a unit in countries where the rates of tax are the lowest. Many are not physically located in a country but operate with an objective to evade and avoid tax in the tax havens,&quot; Mukherjee said.</p><p align="justify">During his stint as finance minister, Mukherjee had scared MNCs to the sidelines after making retrospective changes in tax laws and unveiling the General Anti-Avoidance Rules (GAAR) to fight tax evasion. Mukherjee, as finance minister, had linked the Vodafone tax issue to the government's fight against black money.</p><p align="justify">The Vodafone tax case had led to sharp division within the government. P Chidambaram, who took charge of the finance ministry last September, reversed a number of decisions taken by his predecessor, boosting investor confidence. The government put off implementation of GAAR and is weighing options on resolving the Rs 13,000 crore Vodafone tax issue.</p><p align="justify">Mukherjee, in his speech said there was a time when getting information through the banking channels of foreign countries was very difficult. However, as an indirect impact of the international financial catastrophe of 2008, many such countries were compelled to divulge information, which had made the taxman's job much easier. &quot;However, it continues to be a complex situation, especially on issues like transfer-pricing. It is a constant battle of wits and legal procedures,&quot; the president said.</p><p align="justify">The I-T department has slapped several tax demands over transfer-pricing issues on several MNCs such as Shell India and Vodafone. Shell India has challenged the tax demand in Bombay High Court.</p><p align="justify">The fresh tax demands against MNCs have come at a time when the government has launched a determined bid to attract foreign investment. Chidambaram has led the efforts holding roadshows in several financial centres in Asia, Europe and the United States. He has tried to convince foreign investors about the India growth story and is scheduled to meet investors in Australia and Qatar.</p>                                                           
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    <h1 class="cat-box-title">President Pranab Mukherjee hits out at MNCs for their ‘intent to dodge tax’</h1>
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                            <div align="justify">-The Times of India</div><p align="justify"><br /><em>NAGPUR: </em>President Pranab Mukherjee on Monday slammed multinational companies saying they only looked for oversees locations with an intention to dodge taxes, raising eyebrows at a time when the country is desperately wooing foreign capital to plug a widening current account deficit.</p><p align="justify">Addressing a function at the National Academy of Direct Taxes (NADT), Mukherjee said more than three-fourths of business transactions nowadays took place through the units of MNCs. &quot;Their basic objective is to locate a unit in countries where the rates of tax are the lowest. Many are not physically located in a country but operate with an objective to evade and avoid tax in the tax havens,&quot; Mukherjee said.</p><p align="justify">During his stint as finance minister, Mukherjee had scared MNCs to the sidelines after making retrospective changes in tax laws and unveiling the General Anti-Avoidance Rules (GAAR) to fight tax evasion. Mukherjee, as finance minister, had linked the Vodafone tax issue to the government's fight against black money.</p><p align="justify">The Vodafone tax case had led to sharp division within the government. P Chidambaram, who took charge of the finance ministry last September, reversed a number of decisions taken by his predecessor, boosting investor confidence. The government put off implementation of GAAR and is weighing options on resolving the Rs 13,000 crore Vodafone tax issue.</p><p align="justify">Mukherjee, in his speech said there was a time when getting information through the banking channels of foreign countries was very difficult. However, as an indirect impact of the international financial catastrophe of 2008, many such countries were compelled to divulge information, which had made the taxman's job much easier. &quot;However, it continues to be a complex situation, especially on issues like transfer-pricing. It is a constant battle of wits and legal procedures,&quot; the president said.</p><p align="justify">The I-T department has slapped several tax demands over transfer-pricing issues on several MNCs such as Shell India and Vodafone. Shell India has challenged the tax demand in Bombay High Court.</p><p align="justify">The fresh tax demands against MNCs have come at a time when the government has launched a determined bid to attract foreign investment. Chidambaram has led the efforts holding roadshows in several financial centres in Asia, Europe and the United States. He has tried to convince foreign investors about the India growth story and is scheduled to meet investors in Australia and Qatar.</p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/President-Pranab-Mukherjee-hits-out-at-MNCs-for-their-intent-to-dodge-tax/articleshow/19791879.cms" class="re" target="_blank">The Times of India, 30 April, 2013, http://timesofindia.indiatimes.com/india/President-Pranab-Mukherjee-hits-out-at-MNCs-for-their-intent-to-dodge-tax/articleshow/19791879.cms</a><div class="clear"></div>
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    <h1 class="cat-box-title">President Pranab Mukherjee hits out at MNCs for their ‘intent to dodge tax’</h1>
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                            <div align="justify">-The Times of India</div><p align="justify"><br /><em>NAGPUR: </em>President Pranab Mukherjee on Monday slammed multinational companies saying they only looked for oversees locations with an intention to dodge taxes, raising eyebrows at a time when the country is desperately wooing foreign capital to plug a widening current account deficit.</p><p align="justify">Addressing a function at the National Academy of Direct Taxes (NADT), Mukherjee said more than three-fourths of business transactions nowadays took place through the units of MNCs. &quot;Their basic objective is to locate a unit in countries where the rates of tax are the lowest. Many are not physically located in a country but operate with an objective to evade and avoid tax in the tax havens,&quot; Mukherjee said.</p><p align="justify">During his stint as finance minister, Mukherjee had scared MNCs to the sidelines after making retrospective changes in tax laws and unveiling the General Anti-Avoidance Rules (GAAR) to fight tax evasion. Mukherjee, as finance minister, had linked the Vodafone tax issue to the government's fight against black money.</p><p align="justify">The Vodafone tax case had led to sharp division within the government. P Chidambaram, who took charge of the finance ministry last September, reversed a number of decisions taken by his predecessor, boosting investor confidence. The government put off implementation of GAAR and is weighing options on resolving the Rs 13,000 crore Vodafone tax issue.</p><p align="justify">Mukherjee, in his speech said there was a time when getting information through the banking channels of foreign countries was very difficult. However, as an indirect impact of the international financial catastrophe of 2008, many such countries were compelled to divulge information, which had made the taxman's job much easier. &quot;However, it continues to be a complex situation, especially on issues like transfer-pricing. It is a constant battle of wits and legal procedures,&quot; the president said.</p><p align="justify">The I-T department has slapped several tax demands over transfer-pricing issues on several MNCs such as Shell India and Vodafone. Shell India has challenged the tax demand in Bombay High Court.</p><p align="justify">The fresh tax demands against MNCs have come at a time when the government has launched a determined bid to attract foreign investment. Chidambaram has led the efforts holding roadshows in several financial centres in Asia, Europe and the United States. He has tried to convince foreign investors about the India growth story and is scheduled to meet investors in Australia and Qatar.</p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/President-Pranab-Mukherjee-hits-out-at-MNCs-for-their-intent-to-dodge-tax/articleshow/19791879.cms" class="re" target="_blank">The Times of India, 30 April, 2013, http://timesofindia.indiatimes.com/india/President-Pranab-Mukherjee-hits-out-at-MNCs-for-their-intent-to-dodge-tax/articleshow/19791879.cms</a><div class="clear"></div>
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Home हिन्दी

President Pranab Mukherjee hits out at MNCs for their ‘intent to dodge tax’

Published on Apr 30, 2013   Modified on Apr 30, 2013

-The Times of India NAGPUR: President Pranab Mukherjee on Monday slammed multinational companies saying they only looked for oversees locations with an intention to dodge taxes, raising eyebrows at a time when the country is desperately wooing foreign capital to plug a widening current account deficit. Addressing a function at the National Academy of Direct Taxes (NADT), Mukherjee said more than three-fourths of business transactions nowadays took place through the units of MNCs. "Their basic objective is to locate a unit in countries where the rates of tax are the lowest. Many are not physically located in a country but operate with an objective to evade and avoid tax in the tax havens," Mukherjee said. During his stint as finance minister, Mukherjee had scared MNCs to the sidelines after making retrospective changes in tax laws and unveiling the General Anti-Avoidance Rules (GAAR) to fight tax evasion. Mukherjee, as finance minister, had linked the Vodafone tax issue to the government's fight against black money. The Vodafone tax case had led to sharp division within the government. P Chidambaram, who took charge of the finance ministry last September, reversed a number of decisions taken by his predecessor, boosting investor confidence. The government put off implementation of GAAR and is weighing options on resolving the Rs 13,000 crore Vodafone tax issue. Mukherjee, in his speech said there was a time when getting information through the banking channels of foreign countries was very difficult. However, as an indirect impact of the international financial catastrophe of 2008, many such countries were compelled to divulge information, which had made the taxman's job much easier. "However, it continues to be a complex situation, especially on issues like transfer-pricing. It is a constant battle of wits and legal procedures," the president said. The I-T department has slapped several tax demands over transfer-pricing issues on several MNCs such as Shell India and Vodafone. Shell India has challenged the tax demand in Bombay High Court. The fresh tax demands against MNCs have come at a time when the government has launched a determined bid to attract foreign investment. Chidambaram has led the efforts holding roadshows in several financial centres in Asia, Europe and the United States. He has tried to convince foreign investors about the India growth story and is scheduled to meet investors in Australia and Qatar.

The Times of India, 30 April, 2013, http://timesofindia.indiatimes.com/india/President-Pranab-Mukherjee-hits-out-at-MNCs-for-their-intent-to-dodge-tax/articleshow/19791879.cms

Tagged with: MNCs Taxation Governance Corporate Governance

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