Articles

  • 3 weeks ago | news.bloombergtax.com | Shefali Anand

    India’s online gaming industry has billions of dollars on the line as the nation’s Supreme Court considers one of the highest-value cases in the history of the goods and services tax law. The high court will effectively decide what GST rate applies to online games for past years, how much money is taxed, and whether a 28% rate can be applied retroactively. The country’s tax department has demanded more than $4 billion from several online gaming companies for alleged nonpayment of the tax.

  • 3 weeks ago | impactalpha.com | Shefali Anand

    On a recent Thursday, Hasina bibi sat on a bench along with other patients, waiting to meet a doctor in a clinic run by healthtech startup CureBay. The doctor would meet with her virtually on a TV screen while sitting miles away. Hasina, who didn’t share her last name, said she had traveled about 30 minutes from her village to reach CureBay’s clinic in India’s eastern state of Odisha. The journey to CureBay was better than going to the nearest city clinic, she said.

  • 1 month ago | impactalpha.com | Shefali Anand

    India’s government is making a push to build up its nuclear capacity in a bid to convert 50% of its energy needs to renewable sources by 2030. Unlike past efforts, the government is looking to foster development and investment in new nuclear technologies, including small, modular reactors, and promising methods for producing nuclear fusion. Entrepreneurs and investors are encouraged by the government’s stance.

  • 1 month ago | news.bloomberglaw.com | Shefali Anand

    Offshore centers in India that provide high-level services to multinationals are calling on the government to relax its transfer pricing rules to remain competitive. They advocate speeding up advance tax agreements and broadening the eligibility requirements for a safe harbor to make it easier to provide needed services to foreign partners.

  • 1 month ago | news.bloombergtax.com | Shefali Anand

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