Foreign governments and multinationals have started investing heavily in India, thanks in part to Prime Minister Narendra Modi’s economic reforms. We tell you why India is so appealing to some foreign investors, and why others are still reluctant to enter one of the world’s largest, fastest-growing markets.
The Australian Taxation Office issued a combined $2.9 billion in tax bills this month to seven multinationals, including Apple, Google and Microsoft. The ATO’s actions come three months before the effective date of Australia’s widely heralded diverted profits tax, known as the Google tax. Here’s what you need to know about this important legislation.