India’s top court ruled that UK-based Formula One’s three-day race in India constitutes a permanent establishment. The ruling is more evidence that PE laws are changing as countries rethink tax collection in an evolving global economy. This post gives brief summaries of recent rulings and tips for avoiding trouble in the new climate.
India’s finance minister recently presented the government’s budget for fiscal year 2017-2018, which starts April 1. For multinationals operating in or considering expanding into India, we’ve provided a summary of the budget’s key points.