China, India Praise Indirect Asset Transfer Tax Toolkit

Law360, New York (December 7, 2017, 5:19 PM EST) -- India and China have largely welcomed efforts from the International Monetary Fund and other organizations to help developing nations deal with the taxation of offshore indirect asset transfers, while business groups expressed concerns about how the guidance approaches a country’s policy decisions. 

The feedback, which was publicly released this month, was submitted on Oct. 19 in response to a draft toolkit released this summer by the Platform for Collaboration on Tax. The platform, which works to set an international standard for tax authorities, is a joint...
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