Tax Consolidation

About the Book -

Tax Consolidation is an expression which eloquently denotes a tax regime that operates on the concept of economic unity of a large corporate group, having several entities (having independent legal personality) but functioning beneath through common control. The tax administration looks at the corporate group as a whole, rather than its fragmentation into separate entities. Tax Consolidation: A Global Perspective on Economic Unity>/b> is spread over twenty-two chapters preceded by an informative overview of the topic including a brief history of its evolution. With a fervent desire to explore the quintessence of tax consolidation, the book navigates through several countries which have already put this regime in place. It further examines its dimensions broadly covering the possibility of participation of entities into the consolidation regime, the tax treatment accorded at the time of entry into consolidation, during its subsistence, the exit of an entity from consolidation, and upon deconsolidation. A very useful jurisdiction-wise comparative analysis with tabular breakdown in the Appendices, will prove to be a convenient quick reference tool for the readers. The book explores a spectrum of policy issues that need consideration before embarking on the tax consolidation regime. It would be a handy reference for practitioners, law and policy makers, economists, and academicians. About the Author P V Srinivasan is a Chartered Accountant by qualification and a Member of ICAI. He is engaged as a corporate advisor, advising leading business houses on global taxation and corporate law matters. He has over 33 years of hands-on experience in manufacturing and information technology industries with regard to corporate tax compliances across tax jurisdictions including the US, Europe, India and Asia-Pacific, Latin America and Africa. He headed the Corporate Tax function at Wipro, Bangalore for over 18 years.