New taxes are constantly introduced, yet others are rationalised. Canada's BC is considering measures to combat obesity through a tax on junk food, India proposes to rationalise its system and have a flat food tax. Yet, taxes are complex. For instance, the same set of transfer pricing documentation, will just not do for income tax and custom purposes. Watch out for the column, Food for Thought on October 27 in The Economic Times. Yes, it will be posted here.
For my loyal readers, I am sorry, being the tax season (due date October 31), I haven't really being able to work on this blog. I will do so once work is less hectic. Thanks for stopping by.
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