04/20/2015
The tax troubles of these people over foreign assets and stock options acquired long before their India stint could hurt the Make in India campaign and make it more challenging to do business here, they feel.
04/13/2015
Fatca, which became law in the US in 2010, “targets tax noncompliance by US taxpayers with foreign accounts,” the IRS noted on its website.
04/06/2015
U.S. and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains.
04/06/2015
The number of affected investors can rise substantially as assessments are still in progress and notices could be served in many more cases, taking the overall tax demand from them to well over $10 billion, sources told a news agency.