Subsequent modifications to Indian tax residency rules
In view of the outbreak of COVID-19 pandemic, the Finance Minister of India presented several statutory and regulatory relief measures last week. One...Read more
Sail your business through COVID-19 with the right attitude
COVID-19 pandemic is expected to be infect close to 30% of the Americans with 0.5% mortality rate, if immediate testing and medical facilities...Read more
Opportunities amidst the chaos: protecting your family and your business
People becoming ill, a falling stock market, borders being closed, businesses being shut or operating on a lower capacity, business valuations declining, lower...Read more
Indian entities and U.S. taxation: Controlled foreign corporations and its ownership by a U.S. shareholder
Our whitepaper, The Interaction of Indian and U.S. Tax Laws addresses how the foreign corporations are treated as controlled foreign corporations (CFCs), and...Read more
Indian entities and U.S. taxation: Controlled foreign corporations – defining key terms
In 1960s the concept of controlled foreign corporation (CFC) was introduced in the U.S. tax code to tax the U.S. taxpayer’s share of...Read more