Description
Wolters Kluwer Digitalisation And Transfer Pricing - The Way Ahead (First Edition) by Mohanish Verma
In this book, The author has presented a snapshot of recent developments and contemporary issues of digitalisation and transfer pricing in a global context. While tracing the evolution of transfer pricing in major countries like USA, the author has made an attempt to compile some crucial issues of transfer pricing and international taxation with emphasis on India and China. The book provides an overview of the significant challenges in the area of digitalization and transfer pricing. The futuristic perspective to evolve strategies for fair and transparent system of taxing global business and entities in different tax regimes have also been explored.
Key Features: Study of recent developments and contemporary issues of digitalisation and transfer pricing in a global context. Traces the evolution of transfer pricing in major countries – inception in USA analyses the issues of transfer pricing – drawbacks of current mechanisms/ methods and alternatives. Highlights the future alternatives of Formulary apportionment and Unitary taxation. Analyses crucial issues of digital, Internet based business transactions. Highlights specific developments, legal, administrative and judicial structures to handle transfer pricing and digitalization in China and India in China and India. Highlights the changing nature of traditional economics due to global markets and dynamic business models which result in Monopolistic business in future. About the author mohanish Verma is an Officer from the Indian revenue service of 1987 batch and has served as principal commissioner of Income Tax at gurugram and Gwalior. He has had varied experiences in areas of tax administration, tax policy assignments apart from remaining in touch with academics. With a background of economics from Hindu college and Delhi school of economics, at Delhi University and a masters of philosophy from Dundee University, UK his experiences as a practitioner have enriched his perspectives with a global and futuristic view.
Table of Contents:
Chapter 1 Background To International Taxation And Globalisation Issues
Chapter 2 Digitalisation And Taxation - Challenges
Chapter 3 Formulary Apportionment - Alternative To Future International Taxation
Chapter 4 China - Evolution And Future Of Transfer Pricing
Chapter 5 Tranfer Pricing, Digitalisation And Taxation In India
Chapter 6 Emerging Issues And The Way Ahead
Annexure 1 Common Consolidated Corporate Tax Base (CCCTB)
Annexure 2 Vodafone Case In India
Annexure 3 Equalization Levy In India
Annexure 4 Global Intangible Low Tax Income (GILTI) And Foreign Derived Intangible Income (FDII): A Worldwide Tax On Intangible Income
Annexure 5 DRP Provisions Under Income Tax Act 1961
Annexure 6 South Dakota Vs Wayfair Decision, June 2018, USA
Annexure 7 Location Specific Advantages
Bibliography
About the Author
Mohanish Verma is an Officer from the Indian Revenue Service of 1987 batch and has served as Principal Commissioner of Income Tax at Gurugram and Gwalior. He has had varied experiences in areas of tax administration, tax policy assignments apart from remaining in touch with academics. With a background of economics from Hindu College and Delhi School of Economics, at Delhi University and a Masters of Philosophy from Dundee University, UK his experiences as a practitioner have enriched his perspectives with a global and futuristic view.