Volume : 6, Issue : 3, March - 2017

CONTROLLING ARSENIC FROM COAL MINING AREA WATER SAMPLES BY USING MIXED ALGAE

Mallesh Kumar, D. Sirisha

Abstract :

<p>&nbsp;The issue of transfer pricing has grabbed the headlines for quite some time now. Multinational companies in India have been quite vocal about what they call the ambiguity and inconsistency that characterize the assessment of businesses by the Indian TP regime.&nbsp; They allege that the regime is aggressive and at times intransigent in its assessment.&nbsp; At the same time, India is not the only country that is blamed by multinationals for the so-called obdurate TP regime.&nbsp; Conversely, India is not the only country that claims that multinationals take advantage of the difference obtaining in taxation rates across countries and get away paying little or no tax.&nbsp; Eventually, close to a hundred countries where the TP regime operates have put in place a Base Erosion and Profit Sharing (BEPS) mechanism which they believe will usher in some transparency in transfer pricing &ndash; the latter is simply the price of goods and services determined by a company when two of its subsidiaries transact. According to one school of thought, India and Canada are the countries that have put in place the most aggressive transfer pricing regime in the world. However experts believe that BEPS is not the proverbial panacea that can address all TP-related issues. At best it may ensure a higher level of transparency. Expecting anything beyond this is unwise.&nbsp; An investigation conducted by this researcher has led her to conclude that the country should not slacken the pace of &nbsp;its TP reforms. It should pursue them in a sustained manner.&nbsp; In the case of start-ups, for example, light-touch regulation is called for given the plight they are in . A 10-year block should be permitted in their case so they can claim exemption from income tax for three successive years.&nbsp; They should also be exempted from paying MAT, among other things. The regulator would do well not rush into implementation of Section 92CE of the Income Tax Act (ITA).</p> <p class="KuppamN"><span lang="EN-GB">&nbsp;</span></p>