If such an approach were accepted, it would be a full response in all GAAR
cases, because the actions of a taxpayer will always be permitted by the text of the Act".
is an extremely advanced instrument of tax administration - one of deterrence, rather than for revenue generation - for which intensive training of tax officers who would specialize in the finer aspects of international taxation is needed," the panel explained according to The Times of India.
"The Prime Minister has approved the constitution of an Expert Committee on GAAR
to undertake stakeholder consultations and finalise the guidelines for GAAR
" a PMO statement said.
MORE than a month on from the Budget and the prospect of General Anti-Avoidance Rules (GAARs
) is still something which is being discussed with a great deal of trepidation.
The market is worried about GAAR
. I don't think exporters will be convinced and sell," said a senior foreign bank dealer.
But if there is ultimately to be movement toward fundamental tax reform, one would hope that full consideration would be given to scrapping section 7701(o) and substituting what tax authorities in several other countries have used for a number of years: a statutory General Anti-Avoidance Rule, or GAAR
. (64) Although the GAAR
is not necessarily popular in those countries, it has played a meaningful role in dealing with tax avoidance issues.
result in finding that the GAAR
did not apply, its analysis of avoidance
It is meant to join the GT Road meandering through Panian Maira, Meelam, Khalabat Township, Chappar Road and Gaar
New Delhi: On the mega USD 16 billion buyout by US retail giant Walmart, the tax department will seek share purchase agreement from Flipkart to assess the tax liability and also to find out whether the GAAR
provisions can be invoked.
Edited promo for the talk from Cimatheque's Facebook, April 19, 2018 -- Facebook/zawyacinema CAIRO -- 19 April 2018: The creators of the Egyptian TV series, "Seventh Neighbour" (Sabe' Gaar
) will be hosting a talk at Cimatheque, hosted by Zawya Cinema on Friday, April 27, titled "From the Big to the Small Screen".
Her colleagues at the Greater Augusta Association of Realtors, (GAAR
), made giving back possible.
Elvis: The Legend by Gillian G Gaar
is published by Carlton Books and available from bookshops and online, price PS25.