Tag Archive for India

Uncle Sam Enlists Another Collections Agent

illustration of portrait of Uncle Sam showing India-America relationship

India and Pakistan are basically the geopolitical Odd Couple, with a few important differences. First and foremost, Felix and Oscar are fictional. Any conflict between the two is resolved with an exchange of funny one-liners and forgotten by the time the end credits roll. Secondly, despite the show’s title, they do have some things in common. They’re both middle-aged guys, both divorced, both New Yorkers, and both reasonably successful professionals.

Other than their status as former British colonial subjects, India and Pakistan have basically nothing in common. More importantly, there is significant conflict between the two and there’s no laugh track to smooth things over. Although the region has been quiet recently, the two have fought five wars since independence in 1947. Even more Read more

India Is Next Country On The Verge of Signing Onto FATCA

TaxConnections Picture - India Building - square

According to a Reuters article dated Wednesday, July 8, 2015, India and the United States are expected to sign a a tax information sharing agreement today, July 9, 2015, “under a new U.S. law meant to combat offshore tax dodging by Americans.”

Excerpts from the article can be found below:

“By signing the agreement, India hopes to garner Washington’s support for its own efforts to bring back illicit funds stashed by Indians in foreign tax havens and boost revenues.

Last year, Prime Minister Narendra Modi joined leaders of G20 countries in Australia in agreeing to countries automatically exchanging tax information on a reciprocal basis by the end of 2018. Read more