Towards a lean tax department

Source: Business Standard Relevance: Filling of vacancies is not necessary always. Technology can ensure that a high operational efficiency is maintained even with a lean workforce. Synopsis: Worries about vacant positions in the Income Tax (IT) department and their impact on tax collection may be misplaced in a world of technological disruptions. Background As per… Continue reading Towards a lean tax department

French lawmakers approve 3% tax on online giants

French lower house of parliament has approved a small,pioneering tax on internet giants like Google,Amazon and Facebook. The bill aims to stop multinationals from avoiding taxes by setting up headquarters in low-tax European Union(EU) countries. The bill foresees a 3% tax on the French revenues of digital companies with global revenue of more than 750… Continue reading French lawmakers approve 3% tax on online giants

Debt funds as an Investment Option

  What are debt funds? While equity funds invest mostly in shares of listed companies, debt funds invest in instruments like government bonds, commercial papers (CPs), certificate of deposits (CDs) and non-convertible debentures (NCDs). Debt funds invest in such securities and earn interest income that is shared among the investors after deducting the fund-management charges.… Continue reading Debt funds as an Investment Option