Doing Business in India
In this issue, we discuss transfer pricing issues that could arise from the different types of restructuring that multinational enterprises may undertake. We also highlight early signs of wide acceptance of the OECD’s BEPS recommendations on the global front and briefly talk about the developments on Mutual Agreement Procedures, Advance Pricing Agreements and the policy framework in India.
In many circumstances, efforts by regulators towards anti-corruption are noticed to be against the interest of business. Regulators across the globe are attempting to define the ethical conduct expected by corporations, providing adequate practical approaches towards ensuring compliance. Furthermore, regulators express their expectations from corporations from time to time, on the adoption of compliance in spirit than just words represented in the regulation.
In order to improve the investment environment and the ease of doing business, the Government of India published a Press Note on 10 November 2015, aimed at liberalising and simplifying the FDI process in order to attract more foreign investments into India. A formal Press Note by the Department of Industrial Policy and Promotion is awaited.