This ad will auto close in 10 seconds
I-T dept identifies up to 5,000 MNCs late on tax payments

I-T dept identifies up to 5,000 MNCs late on tax payments

Income Tax Department has identified 4,000-5,000 foreign companies based in this megapolis that are not paying taxes on time, including due to tax disputes, and expects to soon recover from them dues totalling nearly Rs 8,000 crore.

MNCs beat Indian companies as preferred place to work: Survey

MNCs beat Indian companies as preferred place to work: Survey

Multinational companies (MNCs) beat Indian firms as preferred place to work, as nearly 88 percent employees working with domestic firms, if offered a choice, would like to switch to international organisations, says a survey.

FM Jaitley to set threshold for taxing indirect share transfer by MNCs

FM Jaitley to set threshold for taxing indirect share transfer by MNCs

Finance Minister Arun Jaitley is likely to introduce the threshold to establish whether a overseas company has substantial business interest in India.

MNCs may have to disclose details of HQ ops to I-T dept

Multinational companies operating in India will soon have to disclose details of their operations at the country of residence and their revenue income to the Income Tax authorities.

Second French suspect charged over Luxleaks tax probe

A second French suspect was charged Friday with theft and money-laundering in ongoing investigations into the leaking of secret tax avoidance deals between Luxembourg and multinational companies, a scandal dubbed Luxleaks.

Britain launches new 'Google tax' on multinationals

The British government Wednesday slapped a new tax rate on multinational companies that seek to avoid paying their fair share to Treasury coffers.

MNCs buy offices worth Rs 2,470 cr in India

Multi-national firms have invested nearly Rs 2,500 crore in under three years to buy office space in India as against leasing it, property consultant Cushman & Wakefield said.

EU widens tax probe into multinationals

Luxembourg is used by many multinationals including online retailer Amazon, building equipment maker Caterpillar and UK mobile telecoms group Vodafone. 

'BIPAs damage India's interest; end them gradually'

Worried over frequent invocation of investment protection pacts by MNCs, the Commerce and Industry Ministry is in favour of gradually phasing them out saying that they hurt India's interest.

I-T dept signs APAs with 5 MNCs, more pacts in offing

Seeking to reduce litigations and promote foreign investments, the Income Tax department has signed Advance Pricing Agreements with 5 multinational firms and plans to enter into more such pacts.

Clinical trial must be done for our benefit & not for MNCs: SC

Clinical trials in the country must be for the help of people here and must not be allowed for the benefits of multinational companies, the Supreme Court Monday said while holding that norms formulated by the Centre are "deficient" to protect the rights of the subjects.

MNCs prefer Tier-I engg institutions for hiring talent: Report

While the average total guaranteed compensation (TGC) for a graduate at a tier I institution was Rs 8.07 lakh, the average TGC for a graduate from a Tier II established institution was Rs 6.49 lakh.

'India 11th most favoured for setting up MNC headquarters'

India hosts about 158 large global companies having a revenue of USD 1 billion or more, making the country the 11 most favoured destination for setting up of a multinational corporation headquarters, says a report.

Only 26% of MNCs have global roles from India: Survey

Among the several multinationals companies with research and development presence in the country, only 26 percent have global roles from India, says a study by market research firm Zinnov.

Almost 400 MNCs have their Asia HQs in Shanghai

According to figures from the municipal trade commission published Monday in the Shanghai Daily, 393 MNCs already have their main Asia offices in this metropolis of more than 24 million people.

UPA playing in the hands of MNCs: Dhumal

The Union Cabinet`s decision to
allow 51 per cent FDI in the retail sector amounts to playing
into the hands of multinational companies, Himachal Pradesh
Chief Minister Prem Kumar Dhumal Friday said.

CPI-M flays `unjustified concessions` to MNCs

The Communist Party of India-Marxist (CPI-M) criticised "unjustified concessions" given to multinationals (MNCs) to set up new units in the same field of business without their Indian partners` approval.

Cong sees conspiracy behind labour problems in MNCs

Ruling DMK`s ally Congress on Wednesday alleged a ``conspiracy`` behind recent labour disputes in Tamil Nadu and expressed fears that the fast industrializing state could lose business to other states if no action was taken.

Family-run firms top India Inc for salaries

It may be a popular belief that MNCs give the fattest pay packets, but it is actually family- controlled corporate houses that lead the tally by a wide margin when it comes to paying salaries running into crores.

Bt Brinjal a conspiracy by MNCs: MP govt

Terming the move to introduce Bt Brinjal as a "conspiracy" by MNCs, Madhya Pradesh government today said it would not allow GM crops and would pass a legislation, if necessary, to ban them.