BENGALURU:A research foundation to study international taxation with the aim of improving tax policy and administration in India was launched here on Monday.
The newly established International Tax Research and Analysis Foundation (ITRAF) will be led by eminent economists, industrialists, and experienced tax professionals.
ITRAF will conduct research on present international tax regulations, benchmark them against global standards and practices, and make appropriate recommendations to policy-makers.
Dr Parthasarathi Shome, chairperson of ITRAF and head of the Research Committee, said, “Ease of doing business is going to be a huge differentiator to attract investments. Uncertainty in tax environment is a potential deterrent for global companies planning to invest in India.” The founding team believes that India can be the most attractive destination for investments globally. But this would require policy inputs to develop a tax system focused on certainty and stability so that global investments can flow in.
Mohandas Pai, board member, ITRAF said, “Technology is changing the manner of conducting business ... We are seeing a proliferation of start-ups in India with global linkages. ‘Start-up India, Stand-up India’ is the new thrust to push growth and employment.”