【Beijing】India and China will hold the sixth round of their strategic dialogue in Beijing next week, discussing bilateral ties as well as expanding cooperation on common regional challenges such as the situation in Afghanistan.
With the strategic talks taking place amid the on-going Lok Sabha elections, expectations here are that the discussions will likely be routine and focus more on regional and international issues. Beijing, analysts said, is likely to adopt a cautious, wait-and-watch approach before pushing any new major diplomatic initiatives with India until the new government takes charge in New Delhi next month following the elections.
○Indo-US tax talks stuck on acceptable profit margins
【New Delhi】A joint effort by India and the US to amicably decide on their respective shares of taxes from IT and ITeS companies operating in both countries is threatening to unravel, owing to a big, seemingly unresolvable gap between the transfer pricing (TP) margins individually determined by them.
While New Delhi is unwilling to accept the margins made by India-registered IT companies from services rendered to related parties in the US in certain past cases to be anything less than 18%, the US tax authorities want India to agree to a much lower rate of 12-13%.
【News source】
India, China to hold strategic talks
Indo-US tax talks stuck on acceptable profit margins
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