What kind of business does international tax mean to E&Y India after the introduction of transfer pricing?
Our role comes in when we help multinational companies in auditing. We cannot disclose and actually dont have disaggregated data as to much does international tax contribute to E&Y Indias total revenues but we assist multinational companies manage their transfer pricing compliances in India and overseas. The firm started its dedicated international tax transfer pricing services practice only in the last two years and today it has a team of 35 people. Globally, international tax contributes approximately 10 per cent of E&Ys total business of taxation revenue? What are the other areas of international tax that concerns you? I feel that certain activities like business processing outsourcing (BPOs) and IT enabled service (ITES), sectors where Indian companies need to sustain their global competitive advantage, should not be brought within the tax ambit now. According to changes made in the last budget I have heard that the government may be considering taxing a non resident company which
