![]() Financial Daily from THE HINDU group of publications Tuesday, Sep 23, 2003 |
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Industry & Economy
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Taxation FICCI to hold meet on tax issues Our Bureau
New Delhi , Sept. 22 WITH the onset of globalisation, business taxation has got an international character, leading to complexities such as tax havens, transfer pricing, international tax treaties and withholding tax. In these challenging times, it is imperative to focus on a more balanced approach to facilitate the economy to continue growing at a robust rate. To share the international experiences on taxation in emerging economies, the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with the Organisation for Economic Co-operation and Development (OECD), International Bureau of Fiscal Documentation (IBFD) and European Commission, is organising an international conference on `Investment - Friendly tax and corporate law regime' in November. "The conference is being organised to ensure a better business environment in various countries for mutual benefits," FICCI said, adding, "The purpose is also to ensure that tax and corporate laws are in tune with current global practices of financial management and integrate Indian laws and policies with the rest of the world." The topics for discussion during the technical sessions include development of investment-friendly taxation, crossborder investment and tax treaties, transfer pricing and e-commerce, corporate governance, emerging issues in corporate laws, reforms in customs and central excise, and value-added tax (VAT). According to FICCI, "The structural policies and reforms
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