Capital Taxation - Law and Practice (1st Edition)
- Year of Publication: 2024
- Edition: 1st
- ISBN: 9789395764926
- No.of Pages: 396
Capital Taxation: Law and Practice is an exhaustive commentary on the subject, offering an in-depth analysis of the concept and regulatory framework governing the taxation of capital in all its forms in India and other jurisdictions across the globe.
Taxation of capital is older than the taxation of income. While the income of a fiscal year is often seen as an increase in wealth, capital taxation has sparked more controversy than other types of tax. Meagre revenue yields, the subjective base of the levy, unpredictability of the event of taxation are a few reasons for its repeated repeal and reintroduction. This is in addition to the traditional concerns of tax avoidance and a plethora of exemptions that are more pronounced in capital taxation. Nevertheless, several countries have capital taxation currently in force.
This book is divided into two parts, Part A deals with the genres of capital taxation, their salient features, the history and evolution of wealth transfer tax, and the design principles; and Part B covers capital taxation regimes in some of the other countries. Policymakers, academicians, tax practitioners, and high net worth individuals are sure to find the book handy.
P V Srinivasan is a Chartered Accountant by qualification and a Member of ICAI. He is engaged as a corporate advisor, advising leading business houses on global taxation and corporate law matters. He has over 33 years of hands-on experience in manufacturing and information technology industries with regard to corporate tax compliances across tax jurisdictions including the US, Europe, India and Asia-Pacific, Latin America and Africa. He headed the Corporate Tax function at Wipro, Bangalore for over 18 years. He has secured landmark judgments on tax matters from Courts in India and overseas. He has represented and successfully concluded complex tax assessments in developed countries like USA, UK, Germany and Japan. He has participated as a member of Emerging Issues Task Force on non-resident taxation formed by the Ministry of Finance, Government of India. He was nominated on the expert panel of the working group on transfer pricing. He has contributed many papers and is a regular speaker on international taxation issues at various prestigious forums. He has been a visiting faculty at NADT, ICAI and ICSI.
OakBridge is a new age information services company established to re-establish the craft of publishing to better-serve the evolved needs of today’s Professionals and Academia. It is uniquely designed to have a strong framework of authoritative and reliable content, ethical and transparent business practices, operational excellence, and an unparalleled customer experience.
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- Year of Publication: 2024
- Edition: 1st
- ISBN: 9789395764926
- No.of Pages: 396
Capital Taxation: Law and Practice is an exhaustive commentary on the subject, offering an in-depth analysis of the concept and regulatory framework governing the taxation of capital in all its forms in India and other jurisdictions across the globe.
Taxation of capital is older than the taxation of income. While the income of a fiscal year is often seen as an increase in wealth, capital taxation has sparked more controversy than other types of tax. Meagre revenue yields, the subjective base of the levy, unpredictability of the event of taxation are a few reasons for its repeated repeal and reintroduction. This is in addition to the traditional concerns of tax avoidance and a plethora of exemptions that are more pronounced in capital taxation. Nevertheless, several countries have capital taxation currently in force.
This book is divided into two parts, Part A deals with the genres of capital taxation, their salient features, the history and evolution of wealth transfer tax, and the design principles; and Part B covers capital taxation regimes in some of the other countries. Policymakers, academicians, tax practitioners, and high net worth individuals are sure to find the book handy.
P V Srinivasan is a Chartered Accountant by qualification and a Member of ICAI. He is engaged as a corporate advisor, advising leading business houses on global taxation and corporate law matters. He has over 33 years of hands-on experience in manufacturing and information technology industries with regard to corporate tax compliances across tax jurisdictions including the US, Europe, India and Asia-Pacific, Latin America and Africa. He headed the Corporate Tax function at Wipro, Bangalore for over 18 years. He has secured landmark judgments on tax matters from Courts in India and overseas. He has represented and successfully concluded complex tax assessments in developed countries like USA, UK, Germany and Japan. He has participated as a member of Emerging Issues Task Force on non-resident taxation formed by the Ministry of Finance, Government of India. He was nominated on the expert panel of the working group on transfer pricing. He has contributed many papers and is a regular speaker on international taxation issues at various prestigious forums. He has been a visiting faculty at NADT, ICAI and ICSI.
OakBridge is a new age information services company established to re-establish the craft of publishing to better-serve the evolved needs of today’s Professionals and Academia. It is uniquely designed to have a strong framework of authoritative and reliable content, ethical and transparent business practices, operational excellence, and an unparalleled customer experience.
