Taxation

Tax axe on firms with foreign debt

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Other ex­perts said this would fun­da­men­tally change the man­ner in which MNCs de­ter­mine the fund­ing struc­ture for their In­dian op­er­a­tions. “It may also re­quire those for­eign par­ents, which have largely used debt in­stru­ments to lever­age their In­dian op­er­a­tions, to re­visit their ex­ist­ing fund­ing struc­tures,”

Ravi Me­hta
Part­ner, Grant Thorn­ton In­dia LLP

This article apeared in Business Standard on 3rd February, 2017.