Loophole Games

Description

Buy Loophole Games Second Hand Books Online India, Authored by smarak swain, Wolters Kluwer India Pvt. Ltd. in hardcover binding in law genre from Used Book Store.

This book uncovers legal avenues corporations exploit to minimize tax obligations. It compiles abusive tax avoidance structures into a single, comprehensive resource. While illicit tax evasion methods are boundless, tax avoidance operates within the framework of accounting principles and the law, leveraging existing legal loopholes. Consequently, the methods available for tax avoidance are finite, unlike the infinite techniques for tax evasion. The author delves into significant rulings from Indian and international courts, detailing the operational methods employed in major legal judgments. The book also examines the tactics of organized syndicates that facilitate tax evasion. Groups such as stock market syndicates, shell company networks, and hawala operations frequently aid in laundering illicit funds and integrating them into legitimate financial systems. Business managers and forensic auditors will find this essential for recognizing the operations of these syndicates, enabling them to identify potential red flags associated with accommodation entries within company accounts. This knowledge will assist forensic auditors in pinpointing areas of concern within a business’s financial records. The book features true accounts illustrating: Profit shifting Base erosion Sham transactions Tax havens Money laundering

About the Author

Smarak Swain graduated in Electrical Engineering from Indian Institute of Technology, Kharagpur in 2006, and joined the Indian Revenue Service (IRS) in 2008. He has also done Masters in Taxation and Business Laws (MTBL) from NALSAR University, Hyderabad. He has also authored the critically acclaimed guide to BEPS, Tangible Guide to Intangibles: Identification, Valuation, Taxation and Transfer Pricing. Through his writings, he aims to bring about tax transparency in the way businesses operate and see a genuine increase in India’s tax paying behaviour. In the Income tax department, he has wide exposure in the fields of audit, assessment, investigation, transfer pricing, and international taxation. He is originally from Orissa and currently lives in Bangalore with his family. His articles have been published in The Mint, Economic Times, First Post, and Asia Times.

Law
9789388696364 ISBN
Smarak Swain Book Author