A clear perspective on your pressing issues
In today’s rapidly changing world, it’s vital to make the right decisions today to sustain your business tomorrow.
Ernst & Young has a clear perspective on the pressing issues that your business is now facing – and a deep knowledge of your Industry. This we use to help you move forward with confidence.
We provide Assurance, Tax, Transactions and Advisory services to businesses like yours – right across the world. We can help you grasp opportunities, improve your business performance and achieve your potential.
Explore our website for insights into today’s – and tomorrow’s – significant trends.
What are your pressing issues?
EY and EBF examine models for an optional application of VAT on financial services
Satya Poddar, Partner, Ernst & Young India’s Tax Policy Group, designed a theoretical model in the 1990s which aimed at applying VAT to financial services. “The Poddar model” was then considered “technically a too sophisticated approach”. Ten years later, at the request of the European Banking Federation (EBF) “to have a fresh look at the possible modalities of an option to tax”, he has authored a report (pdf, 711.1kb) on the option to tax financial services for VAT purposes.
The opportunity framework
Private Equity in Indian infrastructure
Investment in Infrastructure seems to be lucrative for India’s economic growth. We reached out to some Private Equity players to do a survey. This report (pdf, 1.1mb) talks about various issues such as key drivers, challenges, opportunities, and growth ahead of the sector.
A journey’s chronicle
The changing landscape of Indian Railways
Ernst & Young’s report (pdf, 411.8kb) on the Indian Railways deals in its achievements and its future plans as a whole. It shows how financing from private-sector can introduce efficiency in this sector. Such trend would help to get some new trains, improved stations and the developed DFCs.
Deciphering the Direct Tax Code
The Finance Minister of India while presenting the Union Budget 2009 on 6 July 2009 announced that a draft of the proposed new Direct Tax Code would be made available for public comments within 45 days thereafter. The Ministry of Finance in a press release on 11 August 2009 has announced that the Finance Minister would release the Direct Tax Code on 12 August 2009. The Government will consider inputs and suggestions received before tabling the legislation in Parliament.
The proposed Direct Tax Code is expected to represent a significant development in India's tax policy and would eventually replace the existing direct tax legislations constituted by the Income Tax Act, 1961 and the Wealth Tax Act, 1957.
You may access the recorded webcast here.
Working paper, "GST Reforms and Intergovernmental Considerations in India"
The Government of India has initiated a working paper series to improve economic analysis and policy formulation. GST Reforms and Inter Governmental Considerations in India, by Satya Poddar (Partner, EY India Tax Policy Advisory Group) and Ehtisham Ahmed (LSE), is the third working paper in the series and the first on the principles, issues and procedures in implementing a Goods and Services Tax in India and carrying forward the tax reform agenda of the country. Click here to read the working paper published by the Department of Economic Affairs in the Ministry of Finance of the Government of India.
Opportunities in adversity: India Inc.'s response to the financial downturn
Ernst & Young, in collaboration with International Market Assessment (IMA), recently conducted a survey of 121 senior finance executives of large companies to gauge the cascading effect of the downturn. The report gives an insight into EY's experience in helping clients deal with the challenge and seize opportunities that these adverse times present. Contact us for a copy of the report.
Worldwide fiscal stimulus — tax policy plays a major role
Governments around the world are fighting the first global recession we've experienced since World War II, and tax measures are playing a major part - 56%, according to recent OECD figures - in the range of stimulus packages being rolled out globally. Tax policy has gone global in a major way, and in this study from Ernst & Young, tax measures in 24 major jurisdictions are analysed, and a key set of common themes are apparent, resulting in both challenges and opportunities for the tax function. Read more in Worldwide fiscal stimulus - tax policy plays a major role.
Ernst & Young - EDGE 2009 report
The report focuses on the market dynamics of the Indian higher education sector and presents interesting insights for private enterprises operating in this segment. Contact us for a copy of the report.
Opportunities in adversity
At Ernst & Young, we are interested in understanding how companies are reacting to the current crisis and learning from their experience and best practice. Uncertainty cannot be allowed to become inaction, performance is relative, a risk is an opportunity that has not yet been exploited.Whatever a company's position in the current economic climate - from cash-rich to deeply distressed - there is now a great need for decisive management action. There is opportunity in the adversity of the worst of markets. Find that opportunity right now. Read more
Ernst & Young gets top ITR honours yet again!
The International Tax Review’s latest World Tax 2009 Publication of Leading Tax Firms has ranked us as the leading Tax Firm in India for the sixth consecutive year, based on an extensive survey of multinational companies operating in India. The firm has also been honoured with the Tier One Tax Advisory Firm and the India Best Case awards.
Connecting for development: Our services for International Financial Institutions
Ernst &Young has a deep appreciation of the developmental objectives of International Financial Institutions (IFIs) in achieving the millennium development goals. Through our IFI programme, we partner with institutions to assist in the fulfillment of their developmental goals. We provide integrated advisory to IFIs as well as IFI sponsored projects worldwide in a seamless manner, through offering a deep understanding of regional issues combined with international best practices.
Capital Markets
This discussion paper provides a perspective on the Indian capital markets and what makes India an attractive investment destination.
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