MULTI LATERAL INSTRUMENTS
UNIQUE TIMES| October - November 2022
 THE EMERGING NEW ORDER
MULTI LATERAL INSTRUMENTS

Adv Sherry Samuel Oommen: This article is authored by Adv Sherry Samuel Oommen. Adv Oommen, who specializes in constitution, tax and corporate laws has also cleared the final exams of the Institute of Chartered Accountants of India, the Institute of Cost Accountants of India and the Institute of Company Secretaries of India. He has also completed his Masters Degree in Commerce, apart from obtaining a Post Graduate Diploma in Business and Corporate Laws from Symbiosis Pune. The views expressly are personal and should not be construed as a legal opinion.sherryoommen@nashcp.com.

It is not a secret that multi-national enterprises have sought to exploit gaps and mismatches in tax rules existing in various jurisdictions. These gaps or mismatches have over a course of time resulted in artificially shifting profits to low or no-tax jurisdictions where there is essentially little or no economic activity. This has resulted in little or no overall corporate tax being paid in any of the jurisdictions. Taking cognizance of this harsh reality and the need to effectively counter the same, countries have adopted a Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (popularly known as "MLI"). The term Base Erosion and Profit Shifting is hereinafter referred to as "BEPS".

What is a Multi Lateral Instrument ("MLI")?

Bu hikaye UNIQUE TIMES dergisinin October - November 2022 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye UNIQUE TIMES dergisinin October - November 2022 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

UNIQUE TIMES DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Bhutan: The Enchanting Jewel Of The Himalayas
UNIQUE TIMES

Bhutan: The Enchanting Jewel Of The Himalayas

Majestic snow-capped mountains, picturesque valleys, verdant forests, centuries-old Buddhist shrines and monasteries, fluttering prayer flags, a serene way of life and folks boasting the best happiness index in the world...this Land of the Thunder Dragon has much more to entice those with wanderlust.

time-read
6 dak  |
October - November 2024
Bail - Emerging Trends In The Context Of Money Laundering Laws
UNIQUE TIMES

Bail - Emerging Trends In The Context Of Money Laundering Laws

The Hon'ble Supreme Court in case of Manish Sisodia Vs Directorate of Enforcement 2024 SCC Online 1920 has upheld certain key propositions that where a trial has not merely been delayed but has not even commenced after a long period of incarceration, the same would be violative of Article 21 of the Constitution of India.

time-read
5 dak  |
October - November 2024
Toyota, Maruti Suzuki Boost Hybrid Vehicle Sales in Uttar Pradesh Amid Tax Waivers, Spark Industry Debate
UNIQUE TIMES

Toyota, Maruti Suzuki Boost Hybrid Vehicle Sales in Uttar Pradesh Amid Tax Waivers, Spark Industry Debate

Toyota and Maruti Suzuki are ramping up marketing efforts for hybrid vehicles in Uttar Pradesh, leveraging new state tax waivers that offer buyers savings of up to $15,800 on luxury models like the Toyota Vellfire.

time-read
1 min  |
October - November 2024
Supreme Court Rejects AAP Government's Plea to Expand NRI Quota in Punjab Medical Colleges
UNIQUE TIMES

Supreme Court Rejects AAP Government's Plea to Expand NRI Quota in Punjab Medical Colleges

The Supreme Court rejected the AAP-led Punjab government's plea challenging the High Court's ruling against expanding the ‘NRI quota’ to include distant relatives for medical and dental college admissions.

time-read
1 min  |
October - November 2024
USA's Delaware Supreme Court Confirms Byju's Default on $1.2-Billion Loan Amidst Ongoing Insolvency Proceedings
UNIQUE TIMES

USA's Delaware Supreme Court Confirms Byju's Default on $1.2-Billion Loan Amidst Ongoing Insolvency Proceedings

The Delaware Supreme Court has upheld a ruling that edtech firm Byju's defaulted on a $1.2 billion Term Loan B (TLB), validating claims made by US-based lenders.

time-read
1 min  |
October - November 2024
India Approves Rs 3,300 Cr Semiconductor Packaging Plant in Gujarat, to Boost Chip Production
UNIQUE TIMES

India Approves Rs 3,300 Cr Semiconductor Packaging Plant in Gujarat, to Boost Chip Production

The Union Cabinet has approved a Rs 3,300 crore proposal from electronics manufacturer Kaynes to establish a semiconductor packaging plant in Sanand, Gujarat.

time-read
1 min  |
October - November 2024
Thar Roxx: Your Perfect Off-Road Companion
UNIQUE TIMES

Thar Roxx: Your Perfect Off-Road Companion

To say that Mahindra knows the Indian customer really well, will be an understatement. Their biggest hits have come in various forms over the years, from the XUV500 to the XUV700 and the Scorpio N in recent times.

time-read
3 dak  |
October - November 2024
Exfoliate Your Way to Flawless Skin
UNIQUE TIMES

Exfoliate Your Way to Flawless Skin

Imagine waking up to smooth, glowing skin every day—skin that feels soft to the touch and looks naturally radiant without the need for heavy makeup or filters.

time-read
3 dak  |
October - November 2024
The Stinking Rose: Flavourful and Full of Health
UNIQUE TIMES

The Stinking Rose: Flavourful and Full of Health

Garlic, the humble bulb with a pungent aroma and a rich history dating back thousands of years, has earned a reputation not only in culinary delights but also as a powerhouse of health benefits.

time-read
2 dak  |
October - November 2024
Never give up!
UNIQUE TIMES

Never give up!

In the earlier stage of your life, it was someone else who might have been gravely instrumental in shaping your viewpoints. Hence, it is supremely important to re-evaluate what you believe in, when you become an adult.

time-read
4 dak  |
October - November 2024