The Hindu Business Line : Thursday, July 12, 2007

ACCOUNTANCY
REACTIONS OF THE BIG 4 TO THE MORGAN STANLEY VERDICT
Need for ‘safe harbour’ provisions
Safe harbour rules provide the circumstances in which the tax authorities would automatically accept transfer prices. More

Two lessons for policymakers
The decision affords the much desired stability and consistency, in relation to the vexed question of PE arising in specific circumstances. More

Will front-office operations be impacted?
The concept of ‘software PE’ appears to be novel. The OECD Commentary says that, in certain circumstances, a server could constitute a PE. More

‘Right’ arm’s length approach
MNCs need to structure their inter-company assignments with care, taking into consideration the nuances of the Supreme Court’s order in the Morgan Stanley case, says Mr Amitabh Singh, tax partner, Ernst & Young.The reference is ... More

TERRORISM
Terrorism and the challenge within
While the external challenge can be addressed, it is the internal challenge posed by extremist elements with support from across the border that requires careful handling. More

SCIENCE & TECHNOLOGY
Science or art?
More

RBI & OTHER CENTRAL BANKS
Let us applaud the RBI
The rupee has been allowed to appreciate in tune with demand and supply, and the gains are immense. The strong rupee will spur demand. Consumption rises when interest rates fall. Rising supply and demand together induce growth. It is clear, therefore , that the RBI is on course to winning its battles robustly, and the central bank deserves a salute, says . More

BOOKS
Time-driven benchmarks
If as a management accounting student, you had learnt the ABCs of ABC (activity-based costing), here is something to enhance your skills: Time-Driven Activity-Based Costing by Robert S. Kaplan and Steven R. Anderson ( ... More

LETTERS

BSNL’s stand

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Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Women employees to form majority at Radhakrishna Foodland

Infosys positive on prices

MRPL examining alternatives for benchmarking Cairn’s crude

Railways’ earnings growth slows down in first quarter

Mid-cap IT companies remain firm in recent past

GSPC mulls overseas arm for exploration abroad

Infosys mum on CapGemini buy

Looking back
Jul. 1-Jul. 7
The return of the debt spiral

Stock market on a high — Lack of euphoria, a sign of maturity

Shift in RBI strategy to fight inflation?

The engineer behind the giant