Tax & Accounting Blog

India Requests Feedback on Significant Economic Presence

India Requests Feedback on Significant Economic Presence

On July 13, 2018, India’s Central Board of Direct Taxes (CBDT) requested comments and suggestions on “significant economic presence,” which India introduced under section 4 of the Finance Act 2018. See also section 9(1)(i) of the Income Tax Act, 1961 (“ITA”). Double taxation agreements (DTAs) generally provide that a company’s business profits … Read More

Anti-Corruption Provisions in Free Trade Agreements

Anti-Corruption Provisions in Free Trade Agreements

Background Early this year, the European Parliament’s Committee on International Trade organized a workshop titled “Anti-corruption Provisions in EU Free Trade and Investment Agreements: Delivering on Clean Trade”. It took several months to complete the documents, which included opinions represented by the authors. It is these viewpoints that are greatly influencing not only upcoming Free … Read More

Deloitte’s Chris Trump and Patrice Mano on U.S. TCJA Implications

Deloitte’s Chris Trump and Patrice Mano on U.S. TCJA Implications

Christopher Trump is a Principal at Deloitte Tax, LLP, and leads Deloitte’s Washington National Tax (WNT) International Tax group. Prior to joining Deloitte, Mr. Trump worked in the Offices of the Associate Chief Counsel (International) and the Associate Chief Counsel (Passthroughs & Special Industries) for the Internal Revenue Service. In these roles, Mr. Trump specialized … Read More