International Tax Issues Content

The undersigned fund industry associations, on behalf of their regulated fund members, strongly urge the Indian Government to make permanent the concessional income-tax rate regime introduced by the Finance Act, 2013 for FPIs by virtue of amendments brought about to section 115AD read...

ICI Global thanks the Indian Government for the opportunity to submit recommendations for the Indian Government’s consideration as it considers the 2023 Indian Union Budget. We appreciate and welcome the Indian Government’s receptiveness to providing tax certainty to Foreign Portfolio...

ICI submitted this response to the OECD’s Progress Report on Amount A of Pillar One (“Progress Report”). Pillar One, among other things, would provide market jurisdictions with a new right to tax a portion of the allocable “residual profits” (Amount A) of large multinational entities...

1 3 September 2020 VIA ELECTRONIC MAIL Mr. Pascal Saint-Amans Director, Centre for Tax Policy & Administration Organisation for Economic Co-operation and Development 2 rue André Pascal 75016 Paris France pascal.saint-amans@oecd.org Mr. Gerassimos Thomas Director-General Directorate...

Focus on Funds ICI Leads Reversal on Troubling Indian Tax A substantial new capital gains tax will not be imposed on global funds operating in India. In the December 13, 2019, edition of Focus on Funds, ICI Assistant General Counsel Katie Sunderland explains the issue and how the...

ICIG - CBDT Chairman Letter - 10 Dec 2019 ICIG - CBDT Chairman Annexure A - 10 Dec 2019 ICIG - CBDT Chairman Annexure B - 10 Dec 2019 ICIG - CBDT Chairman - Annexure C - 10 Dec 2019 By Electronic Delivery 10 December 2019 Mr. Pramod Chandra Mody Chairman, Central Board of Direct Taxes...

1 2 ICI Global | Page 2 of 5 “ • • • • • • • • 6 BEPS Action 6 Final Report, paragraph 9, on page 15. ICI Global | Page 3 of 5 ICI Global | Page 4 of 5 ICI Global | Page 5 of 5

By Electronic Delivery followed by Hand Delivery 8 August 2019 Smt. Nirmala Sitharaman Minister of Finance Government of India North Block New Delhi 110 001 India RE: Executive Power Available to Resolve Tax Surcharge Issue for Non-Corporate FPIs Honourable Finance Minister: ICI...