Challenges In Domestic and International Taxation

Emerging Indian Experience contains a collection of rich investigations and associated policy recommendations by ITRAF researchers completed during the 2017-18 period who take up new topics that have appeared on the horizon of income taxation. Some of the key challenges that have been delved in detail in the volume through an analysis of the existing regime, the gaps therein, the new challenges in economy and recommendations on way forward are:

1. Principles of taxation to be ideally adhered in formulating tax policy and administration from the perspective of tax revenue trends, Corporate tax rate structure, Goods and Services tax in India.
2. Charitable contributions, philanthropy and taxation in India analyzing the issues, global experience and concerns.
3. Taxation of Digital Economy examining a wide range of policy issues and judicial developments in India.
4. Tax treaties and Multilateral Instrument, impact on the role and relevance of double taxation avoidance agreements (DTAA?s) or tax treaties, and analysis of the minimum standards in the MLI.
5. Cryptocurrency and bitcoin that are able to assume virtual existence while enabling international payments and broader arrangements raise questions relating to circumvention of existing regulation or taxation.
6. International Exchange of Information and the ability of tax authorities to protect and ensure the rights of taxpayers Parthasarathi Shome is currently Chairman, ITRAF, Bengaluru, and Visiting Senior Fellow, London School of Economics. He was Adviser (Minister of State) to the Indian Finance Minister, and chaired India?s Tax Administration Reform Commission (TARC). He has held various positions, including Chief Economist, UK Revenue and Customs; Chief of Tax Policy, IMF; and Professor, American University, Washington DC. His work on GAAR and retrospective taxation is widely cited.