International Tax Planning in Uncertain Environments: Interview with: Krupal Kanakia, Partner, Chaturvedi & Shah, a sponsor company at the marcus evans European Tax Summit 2012, on utilising international tax planning strategies in India.

1. International
Tax Planning
in Uncertain Environments
rationalised to a large extent, there is a What long-term strategies could
lot more transparency as far as tax you share with your peers in
payers are concerned. With the benefits Europe?
and deductions now available, the tax
environment is far better than it was India has solid inbound potential. Tax
before liberalisation. uncertainties have prevailed but the
Supreme Court has always laid down
What advice would you give on the law. There is no point in being
international tax and the offshore deferred by doubts. Take it head on and
structuring of deals? reap the growth and cost saving
opportunities that India has to offer.
Organisations must ensure that their
structure is achievable and has
substance. Many structures fail when
Interview with: Krupal Kanakia, Indian authorities look at them because
Partner, Chaturvedi & Shah they lack depth. When entering foreign
countries, it is crucial to have your
initial structure in place sooner than
“Organisations investing into India must
ensure that their tax structure is
achievable and has substance, as
later.
The tax structure must also take into
India
has solid
today’s environment is uncertain,” says consideration the provisions of the
Krupal Kanakia, Partner, Chaturvedi & Direct Tax Code, which may lead to
Shah. further litigation if it comes into effect.
From a sponsor company at the
upcoming marcus evans European
Tax Summit 2012, in Dublin, Ireland,
How can organisations ensure
compliance when dealing with
international transactions?
inbound
potential
26 - 27 March, Kanakia discusses tax
planning strategies and operating in The international transactions being
favourable tax environments. structured into and out of India are
crucial. There is now a regime in place
Has the tax environment in India where every document and remittance
changed due to the economic must be looked at by a chartered
environment? accountant who then has to certify the
documents and submit any withholding
Yes, tax authorities have taken an taxes to the Central Bank of India.
aggressive position due to increased
pressure to generate revenues. This has made things clearer for those
interested in international remittance. It
Nevertheless, tax avoidance has been also regulates the process and ensures
a fascination, but with rates being compliance.

2. About the European Tax Summit 2012
The Finance Network –
marcus evans Summits group
This unique forum will take place at The Four Seasons, Dublin, Ireland, 26 - 27
delivers peer-to-peer information
2012. Offering much more than any conference, exhibition or trade show, this
on strategic matters, professional
exclusive meeting will bring together esteemed industry thought leaders and
trends and breakthrough
solution providers to a highly focused and interactive networking event. The
innovations.
Summit includes visionary presentations and interactive forums on substantial fiscal
deficits, minimising tax gaps and developing transfer pricing strategies.
www.taxsummit.com
Please note that the Summit is a Contact
closed business event and the
Stacey Melvin, Journalist, marcus evans, Summits Division
number of participants strictly
limited. Tel: + 357 22 849 400
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About Chaturvedi & Shah
Every great journey begins with a small step. The journey at Chaturvedi and Shah began in 1967 by Shri D.N. Chaturvedi. Many
successful steps later, today C&S is one of the leading firms of Chartered Accountants in India, having a national presence through
its Head Office in Mumbai and branches at Delhi, Ahmedabad, Bangalore, Calcutta and Jamnagar.
Chaturvedi & Shah provides client focused services in the field of Audit & Assurance, Taxation Consultancy, Corporate Advisory &
Consulting, Merger & Acquisition, Investment Banking etc.
www.cas.ind.in
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To view the web version of this interview, please click here: www.taxsummit.com/KrupalKanakia