hired Bobby, the builder, as an outsourced subcontractor. You must make tax deductions from Bobby’s paycheque as per CIS rules. If Bobby is a CIS registered subcontractor, then this deduction will be 20%. If he is one of the several unregistered subcontractors, the deduction will be 30%....
Thin-Capitalization RulesFirm-Level DataThis paper analyzes the effectiveness of thin-capitalization rules in preventing debt finance by intercompany loans and explores their consequences for corporate decisions. A theoretical discussion emphasizes that limitations of the deduction of interest owed to foreign...