The U.K. is out of the EU, and re-positioning itself into the idea of Global Britain, seeking partnerships into diverse groupings and regions. India was an early strategic, defence and digital outreach, but a serious pivot has been made to broader Asia for trade and investment linkages, with vigorous follow-up. The re-entry and acceptance of Britain in Asia, has implications.
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The current notions of physical ‘permanent establishment’ or tangible locational nexus are not well-suited for the taxation of modern digital economy, especially for taxation of business income, rents or revenue creating activities. In a Covid-19 wrecked global economy, where government revenues are under severe stress, there is a compelling case for a market country or the value-creating jurisdiction to tax the income or rents attributable to the concerned market or location.
The recent 15th India-European Union (EU) summit held virtually in July 2020 reflects a bilateral that is gearing for a boost, with both sides trying to move closer in a variety of ways. A serious effort will be required to properly reconcile strategic, trade and investment interests.
On 23 July, Gateway House co-hosted a webinar with Konrad-Adenauer-Stiftung on QUAD or QUAD?. The panel included Dr.C Raja Mohan, Dr. Malcolm Davis, Tetsuo Kotani, Alexander Slater, Peter Rimmele and Manjeet Kripalani
In July 2020, Germany takes over as President of the European Union. It’s a fraught time to lead the union which has been slow to react to COVID-19 and needs a new direction. With the pandemic, the U.S.- China stand-off, and a global economic crisis – Chancellor, Angela Merkel has her work cut out.
Globalisation has resulted in the interdependence of nations through the largely unimpeded transmission of investment capital and information, and integrated business operations. The leading beneficiaries have been the global 1%, and China. While it is too late and not possible to roll back an interconnected world order, globalization as we know it will recede, as will China’s standing in the world.
Blaise Fernandes, Director, Gateway House was in discussion with Dexter Roberts, Non resident Senior Fellow, Asia Security Initiative, Atlantic Council and author of ‘The Myth of Chinese Capitalism,’ Lauri Rechardt, Chief Legal Officer, IFPI and B.K. Syngal, Sr Principal, Dua Consulting and Former Chairman and Managing Director, VSNL.
COVID-19 unified G20 leaders at an extraordinary summit last week. An idea given a nudge by Prime Minister Narendra Modi, here was an opportunity for all participants to put together a plan and make a pledge for international cooperation, focusing on four main themes. Next, will they be able to turn words into action?
Britain left the European Union on 31 January 2020. There will be no immediate outcome, but the intention of all the European leaders is to make it an amicable departure over the course of the year. Ambassador Neelam Deo, Director and Co-founder of Gateway House, discusses Brexit’s geopolitical implications and its impact on India’s relations with the EU and UK
The services sector is the most dynamic in the global economy, constituting nearly 25% of global trade, but its intangibility – unlike the materiality of trade in goods – makes it difficult to monitor. Service providers in this sector need a national regulatory governing framework