International Tax Planning in Uncertain Environments


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International Tax Planning in Uncertain Environments: Interview with: Krupal Kanakia, Partner, Chaturvedi & Shah, a sponsor company at the marcus evans European Tax Summit 2012, on utilising international tax planning strategies in India.

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International Tax Planning in Uncertain Environments

  1. 1. International Tax Planning in Uncertain Environments rationalised to a large extent, there is a What long-term strategies could lot more transparency as far as tax you share with your peers in payers are concerned. With the benefits Europe? and deductions now available, the tax environment is far better than it was India has solid inbound potential. Tax before liberalisation. uncertainties have prevailed but the Supreme Court has always laid down What advice would you give on the law. There is no point in being international tax and the offshore deferred by doubts. Take it head on and structuring of deals? reap the growth and cost saving opportunities that India has to offer. Organisations must ensure that their structure is achievable and has substance. Many structures fail whenInterview with: Krupal Kanakia, Indian authorities look at them becausePartner, Chaturvedi & Shah they lack depth. When entering foreign countries, it is crucial to have your initial structure in place sooner than“Organisations investing into India mustensure that their tax structure isachievable and has substance, as later. The tax structure must also take into India has solidtoday’s environment is uncertain,” says consideration the provisions of theKrupal Kanakia, Partner, Chaturvedi & Direct Tax Code, which may lead toShah. further litigation if it comes into effect.From a sponsor company at theupcoming marcus evans EuropeanTax Summit 2012, in Dublin, Ireland, How can organisations ensure compliance when dealing with international transactions? inbound potential26 - 27 March, Kanakia discusses taxplanning strategies and operating in The international transactions beingfavourable tax environments. structured into and out of India are crucial. There is now a regime in placeHas the tax environment in India where every document and remittancechanged due to the economic must be looked at by a charteredenvironment? accountant who then has to certify the documents and submit any withholdingYes, tax authorities have taken an taxes to the Central Bank of India.aggressive position due to increasedpressure to generate revenues. This has made things clearer for those interested in international remittance. ItNevertheless, tax avoidance has been also regulates the process and ensuresa fascination, but with rates being compliance.
  2. 2. About the European Tax Summit 2012 The Finance Network – marcus evans Summits group This unique forum will take place at The Four Seasons, Dublin, Ireland, 26 - 27 delivers peer-to-peer information 2012. Offering much more than any conference, exhibition or trade show, this on strategic matters, professional exclusive meeting will bring together esteemed industry thought leaders and trends and breakthrough solution providers to a highly focused and interactive networking event. The innovations. Summit includes visionary presentations and interactive forums on substantial fiscal deficits, minimising tax gaps and developing transfer pricing strategies. Please note that the Summit is a Contact closed business event and the Stacey Melvin, Journalist, marcus evans, Summits Division number of participants strictly limited. Tel: + 357 22 849 400 Email: For more information please send an email to All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.comAbout Chaturvedi & ShahEvery great journey begins with a small step. The journey at Chaturvedi and Shah began in 1967 by Shri D.N. Chaturvedi. Manysuccessful steps later, today C&S is one of the leading firms of Chartered Accountants in India, having a national presence throughits Head Office in Mumbai and branches at Delhi, Ahmedabad, Bangalore, Calcutta and Jamnagar.Chaturvedi & Shah provides client focused services in the field of Audit & Assurance, Taxation Consultancy, Corporate Advisory &Consulting, Merger & Acquisition, Investment Banking etc.www.cas.ind.inAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsCFO Summit (Australia & New Zealand) - www.cfo-anz.comCFO Summit (North America) - www.cfosummits.comTax Officers Summit (North America) - www.taxofficerssummit.comTo view the web version of this interview, please click here: