Walmart-Flipkart deal will help the government mop up over $1.3 Bn (10,000 Cr) in taxes The payment by Walmart ends the uncertainty regarding $16 Bn transaction tax dues NCLAT wants to know india business models from Walmart, Flipkart US retail giant Walmart has said it has completed all the tax… – Continue reading
Income Tax department is also inquiring into some alleged suspicious transactions and investment flow into Flipkart Authorities have demanded a valuation report from Flipkart The international taxation division of the I-T department is currently studying the valuation of Indian assets of Flipkart Singapore At the time when ecommerce company Flipkart… – Continue reading
Some advantage could be there under Double-Tax Avoidance Agreement: experts MUMBAI, MAY 8 The $15-billion buyout of e-commerce player Flipkart by US retail giant Walmart is likely to attract capital gains tax under Indian laws, similar to the tax imposed on Vodafone, even though the entities are headquartered abroad. Some… – Continue reading
U.S.-based multinational corporations are allowed to play by a different set of rules than small and domestic businesses or individuals when it comes to the tax code. Rather than paying their fair share, many multinational corporations use accounting tricks to pretend for tax purposes that a substantial portion of their… – Continue reading
Walmart stock has put up one of its worst performances in recent history. Walmart continues to be plagued by a number of issues including swelling costs and poor e-commerce growth. Against this backdrop, can Walmart stock make a comeback in 2016? Can Walmart Stock Make A Comeback in 2016 Walmart… – Continue reading
The Association of Retail Trade (ACDET), which is part of Walmart, defended the decision to the chain filed a lawsuit against the government and the law 72. Considers that the law is unconstitutional and arbitrarily penalize one company. “Since April we warn the people that the measures were being discussed… – Continue reading
Ramos Vega asked to accept pay 2% of sales per year as a reasonable contribution Representative Luis Vega Ramos called Walmart today the company to desist from his claim against the Government of Puerto Rico by the tax increase purchases subsidiary on the island does to its parent company. The… – Continue reading
Island’s biggest employer files suit in San Juan federal court Legal challenge comes as Puerto Rico copes with debt payments The Puerto Rico unit of Wal-Mart Stores Inc. sued the island’s government, seeking to overturn a new tax the retailer calls unfairly high. Enacted in May, Puerto Rico’s… – Continue reading
The multinational has to file a legal complaint against the Secretary of the Treasury by the changes in its tax structure resulted Law 72 The Walmart Puerto Rico, Inc. corporation filed today in federal court in San Juan a legal action against the Finance Minister Juan Zaragoza, which challenges Law… – Continue reading
The 400 richest people in the US have a greater collective wealth than 36 million ordinary US households, study finds Those rich enough to make it onto Forbes 400 list this year are worth as much as all the cat owners in America, according to a new study. A report… – Continue reading
MEPs grilled eleven multinational companies on their corporate tax practices in a five-hour debate with the Special Committee on Tax Rulings on Monday. These companies had declined the committee’s first invitation to appear before it, but later changed their minds and accepted its last chance invitation. Of the 13 original… – Continue reading
