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More clarity now on cross-border taxation - The Hindu BusinessLine


More clarity now on cross-border taxation
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This apart, the amendments in the Budget give a fillip to foreign institutions to invest in India
In the backdrop of the Covid-19 pandemic and a worldwide economic recession, Finance Minister Nirmala Sitharaman presented her third Budget on February 1, making it her shortest one as yet at 10,500 words and lasting around 110 minutes.
The focus was to reset the economy by spending heavily on infrastructure development and increasing the healthcare outlay by a record 137 per cent. The government came up with a roadmap for ‘Atmanirbhar Bharat’ through six pillars. The aim was to kickstart the economy by creating demands through novel infrastructure projects funded by the government or public-private partnerships. ....

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U.S. Equine Professionals Tax Issues


Tuesday, March 9, 2021
Welcome to the United States! Now it is time to pay your taxes. Equine professionals such as jockeys, showjumpers, trainers, or horse owners who travel to the United States to work or compete may be unaware of the U.S. tax implications of their activities. The failure to comply with U.S. tax laws can result in significant tax liabilities, penalties and interest, so it is important to pay attention to these issues early.
Taxation Depends on Tax Residency Status
An equine professional’s tax residency status will dictate his or her U.S. tax filing requirements. Although U.S. immigration law identifies multiple categories of immigrants ( ....

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