Challenges in Domestic & International Taxation - Emerging Indian Experience

About the book:

Challenges in Domestic & International Taxation: Emerging Indian Experience presents a comprehensive analysis of the evolving landscape of income taxation in India. This volume features extensive research and policy recommendations by ITRAF researchers from the 2017-18 period, addressing emerging topics that are reshaping India’s tax framework.

The book explores critical challenges within domestic and international taxation through a meticulous examination of the existing tax regime, identifying gaps, and proposing forward-looking solutions. Key areas covered include:

1. Principles of Taxation: Analysis of tax policy and administration from the lens of tax revenue trends, corporate tax rate structures, and the implementation of Goods and Services Tax (GST) in India.
2. Charitable Contributions & Philanthropy: In-depth discussion on the taxation of charitable donations, global best practices, and the Indian context.
3. Taxation of the Digital Economy: Examination of policy issues, judicial developments, and the complexities of taxing digital transactions in India.
4. Tax Treaties & Multilateral Instrument (MLI): Insights into the role of double taxation avoidance agreements (DTAAs) in the era of globalization, with a focus on minimum standards under the MLI.
5. Cryptocurrency & Bitcoin: Exploration of the regulatory and tax challenges posed by virtual currencies, cross-border payments, and their implications for financial governance.
6. International Exchange of Information: Analysis of the mechanisms enabling tax authorities to protect taxpayer rights while enhancing compliance and transparency.

The book is guided by the expertise of Parthasarathi Shome, Chairman of ITRAF, Bengaluru, and Visiting Senior Fellow at the London School of Economics. With extensive experience as an Adviser to the Indian Finance Minister, Chair of India’s Tax Administration Reform Commission (TARC), Chief Economist at UK Revenue and Customs, and Chief of Tax Policy at the IMF, Shome’s insights are invaluable. His notable contributions to GAAR and retrospective taxation have been widely cited in the field of tax law and policy.

This book is an essential resource for tax professionals, policymakers, economists, legal practitioners, and academicians interested in understanding the dynamic tax environment in India and beyond.