Monday, January 28, 2008

Every nation is free to evolve, in international law, principles of governance to best suit its ideals and priorities

International taxation has become complex

Complex tax laws pose problems both in interpretation and implementation. Which is why tax legislation and treaties should be simple and understandable to the common man and those in trade, reasoned Chief Justice Swatanter Kumar of the Bombay High Court when speaking at the International Tax Conference, organised by IFA (International Fiscal Association) India and the OECD (Organisation for Economic Cooperation and Development), in Mumbai on Wednesday.

“International taxation has become too complex an issue. It has made the legal circles rethink the jurisprudence of tax jurisdiction… Innovation in applying settled legal dictum is the need of the hour,” he emphasised.

No comments: