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 India now needs lower level of taxation to be globally competitive: FM Arun Jaitley

India now needs lower level of taxation to be globally competitive: FM Arun Jaitley

Highlighting the need to have lower level of taxation, Finance Minister Arun Jaitley said on Monday that lower tax levels will make it competitive globally.

US announces additional measures to prevent corporate tax

US announces additional measures to prevent corporate tax

In view of the pharmaceutical giant Pfizer's plans to merge itself with Ireland-based Allergan, the US has announced imposition of additional measures to prevent corporate tax inversions.

Obama fires US tax chief over scandal

US President Barack Obama has forced the acting head of the Internal Revenue Service to resign amid furor over the tax agency's handling of conservative groups seeking tax-exempt status.

HSBC provides info on clients having accounts in India to US

HSBC has provided available information in its possession to the US authorities probing whether any US-based client used accounts in HSBC India to evade federal income taxes.