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  • Need to eradicate tax terrorism

    Need to eradicate tax terrorism

    Published: 02 May 2018

    There is resentment in almost all quarters of Indian taxpayers (including salaried class, businessmen and small traders) with taxation policies and tactics adopted by the Finance Ministry and the Central Government. One of the tallest promises made by the Central government has been to curb tax terrorism. As part of its war against black money, central government had articulated the de-monetizat...

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  • BAG: Threats made by employee can justify dismissal with immediate effect

    BAG: Threats made by employee can justify dismissal with immediate effect

    Published: 02 May 2018

    Employers do not have to accept threats made by employees. These can constitute good cause justifying extraordinary notice of dismissal with immediate effect, as demonstrated by a ruling of the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court. An employer can issue extraordinary notice terminating an employment contract with immediate effect if there is good cause rendering it unreason...

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  • Bringing financial fraudsters / absconders to book

    Bringing financial fraudsters / absconders to book

    Published: 01 May 2018

    There have been a string of recent incidents of businessmen committing default on the payments owed to banks and financial institutions and then fleeing overseas. According to official reports, 31 willful defaulters fled the country to avoid prosecution and punishment for violation of the laws and Indian authorities managed to get back only one person to India. This has exposed the imminent need...

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  • Why is cybercrime a national security concern?

    Why is cybercrime a national security concern?

    Published: 01 May 2018

    Is cyber crime a national security issue? Put simply, cyber security involves protecting the integrity and security of computer systems connected to the Internet. Different entities like Government, organisations and individuals across Australia depend on these connections to the internet. Consequently, if Australian computer systems were compromised, such impairment could endanger Australia’s...

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  • Startups - Angel Tax and other challenges

    Startups - Angel Tax and other challenges

    Published: 30 Apr 2018

    With a view to boost up the Startup eco-system and transform the nation into hub of startups, Indian government had initiated various schemes and programs (e.g., Startup India, Make in India, etc.). This is one side of the coin. On the other side, 30% tax levied on investments made by external investors in startups is considered (‘Angel Tax’) imposed by the government is the cause for concern ...

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  • Trade wars - no good for anyone

    Trade wars - no good for anyone

    Published: 29 Apr 2018

    After the Second World War, the entire world is gripped with fear of the third world war as certain nations are fully equipped with highly destructive war weapons which have the attitude and latitude to script the destruction of the entire globe at single go. But no country would have ever seriously imagined of trade wars that have the knack to transform the financial landscapes of a countries i...

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  • Atypical “posting arrangements” covered by the Posting of Workers Directive and protected by the freedom to provide services

    Atypical “posting arrangements” covered by the Posting of Workers Directive and protected by the freedom to provide services

    Published: 29 Apr 2018

    In his Opinion delivered on 26 April 2018 (C-18/17), Advocate General Wahl. clarifies the relevance of the European Law in determining the rules applicable to atypical “posting arrangements”. The case in the main proceedings An undertaking established in Italy (D1) has concluded a contract of provision of services with an Austrian undertaking, to carry out construction work. To provide the...

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  • Overhauling IBC

    Overhauling IBC

    Published: 28 Apr 2018

    Ever since the enactment and enforcement of the Insolvency and Bankruptcy Code (IBC), it has got amended multiple times to sidestep impediments barricading the course of IBC implementation. However, one way or the other, hardships are creeping in hindering the effective implementation of the IBC causing teething troubles to all the stakeholders involved. The government with the intent to wipeout...

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