Tax & Accounting Blog

India GST is nearing the homestretch

India GST is nearing the homestretch

Last summer India’s Parliament finally approved the Constitutional Amendment Bill. With that out of the way, India will now have to sort out five enabling laws—the CGST Bill, SGST Bill, IGST Bill, UTGST Bill and Compensation Bill. These five laws appear to be the final hurdles before GST can be implemented. The SGST Bill will need the approval of … Read More

Part 2: India’s Goods and Services Tax: Key challenges for corporates to consider

Part 2: India’s Goods and Services Tax: Key challenges for corporates to consider

GST is being touted as one of the single biggest economic reform in India since liberalization and one that promises to change the way India does business. This is is Part 2 of a two part blog series discussing the challenges for corporations implanting the impending India’s Goods and Services Tax requirement. See Part … Read More

Part 1: India’s Goods and Services Tax: Key challenges for corporates to consider

Part 1: India’s Goods and Services Tax: Key challenges for corporates to consider

GST is being touted as one of the single biggest economic reform in India since liberalization and one that promises to change the way India does business. This is Part 1 of a two part blog series discussing the challenges for corporations implanting the impending India’s Goods and Services Tax requirement. You can read … Read More

Rethinking Combined Reporting, the Worst Idea of the Year, and Unicorns in Kentucky

Rethinking Combined Reporting, the Worst Idea of the Year, and Unicorns in Kentucky

For many years I believed that to make the corporate income tax work, states had to adopt combined reporting. I believed that separate accounting regimes left too many planning opportunities. Yes, I also thought that the corporate tax should be repealed. But, I thought if the corporate tax were to survive combined reporting was a … Read More