{"id":7184,"date":"2013-02-18T14:46:37","date_gmt":"2013-02-18T13:46:37","guid":{"rendered":"http:\/\/www.ethicalquote.com\/?p=7184"},"modified":"2013-02-18T14:49:08","modified_gmt":"2013-02-18T13:49:08","slug":"india-gets-tough-on-taxation-of-transfers-within-mncs","status":"publish","type":"post","link":"https:\/\/www.covalence.ch\/index.php\/2013\/02\/18\/india-gets-tough-on-taxation-of-transfers-within-mncs\/","title":{"rendered":"India gets tough on taxation of transfers within MNCs"},"content":{"rendered":"<p><a href=\"http:\/\/in.reuters.com\/article\/2013\/02\/18\/india-tax-vodafone-lg-shell-india-idINDEE91H01I20130218\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-7187\" title=\"India gets tough on taxation of transfers within MNCs\" src=\"http:\/\/www.ethicalquote.com\/newTemplate\/wp-content\/uploads\/2013\/02\/130218_vo.jpg\" alt=\"\" width=\"200\" height=\"130\" \/><\/a>(Reuters) &#8211; India  is aggressively pursuing tax claims against multinational firms  operating in the country as the government seeks to rein in its budget  deficit, taking particular aim at IT and back-office functions, tax  officials say. It has targeted several  multinational companies in recent years for tax audits on  transfer-pricing, but over the past 12 months has widened the scope of  the investigations, tax officials said. Authorities  are now checking deals involving more than three dozen companies,  focusing on transactions worth at least 250 million rupees, officials  said. Having just issued claims for the financial year to March 2009, it  has shifted focus to 2009\/2010. Transfer  pricing is the value at which companies trade products, services or  assets between units across borders, a regular part of doing business  for a multinational. Revenue  authorities in many countries including Britain, France, Germany and the  United States are increasingly challenging efforts of companies to  minimise tax liabilities by moving taxable income from higher-taxing  jurisdictions to lower-tax ones. <a href=\"http:\/\/in.reuters.com\/article\/2013\/02\/18\/india-tax-vodafone-lg-shell-india-idINDEE91H01I20130218\" target=\"_blank\">More&#8230;<\/a><\/p>\n<p>News selected by Covalence | Country: India |  Company: Shell, LG Electronics, Accenture, Bank of America, Microsoft, Vodafone, Ascendas, Capgemini, Kraft Foods\u00c2\u00a0 | Source: <a href=\"http:\/\/in.reuters.com\/article\/2013\/02\/18\/india-tax-vodafone-lg-shell-india-idINDEE91H01I20130218\" target=\"_blank\">Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; India is aggressively pursuing tax claims against multinational firms operating in the country as the government seeks to rein in its budget deficit, taking particular aim at IT and back-office functions, tax officials say. It has targeted several multinational companies in recent years for tax audits on transfer-pricing, but over the past 12&hellip;<\/p>\n","protected":false},"author":665,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"wds_primary_category":0,"wds_primary_post_series":0,"footnotes":""},"categories":[1],"tags":[756,761,116,762,634,314,22,48,133],"post_series":[],"class_list":["post-7184","post","type-post","status-publish","format-standard","hentry","category-news","tag-accenture","tag-ascendas","tag-bank-of-america","tag-capgemini","tag-kraft-foods","tag-lg-electronics","tag-microsoft","tag-shell","tag-vodafone","entry","no-media"],"_links":{"self":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/7184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/users\/665"}],"replies":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/comments?post=7184"}],"version-history":[{"count":0,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/7184\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/media?parent=7184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/categories?post=7184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/tags?post=7184"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/post_series?post=7184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}