Synopsis
The tax department has brought some of the top consultancies including McKinsey, Boston Consulting Group (BCG), Kearney and Blackstone Consulting under scrutiny along with some of the nation’s top law firms.
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The tax department is now disputing the refunds, claiming these services aren t exports.
Can fees charged by a consultancy based in India to provide services to a firm in the US be considered an export income?
This transaction is akin to that of a broker or an intermediary, as per the tax department’s rationale, but definitely not exports.
After back offices of multinational corporations, banks and Indian companies providing offshore support services, it is the consultancies and law firms that are in the cross hairs of the indirect tax department.
COVID-19 by the numbers New Mexico health officials yesterday reported 448 new COVID-19 cases, bringing the statewide total so far to 183,781. Bernalillo County had 105 new cases, followed by Eddy County with 100 new cases and Doña Ana County with 70. Santa Fe County had 14 new cases. The state also announced 14 additional deaths, including three from Santa Fe County: A man in his 60s who was hospitalized and had underlying conditions; a man in his 80s who was hospitalized and had underlying conditions; and a woman in her 90s who was hospitalized. There have now been 135 deaths in Santa Fe County and 3,658 statewide.
Diligent to Become Largest Global GRC SaaS Company through Galvanize Acquisition
Thursday, February 25, 2021 9:15PM IST (3:45PM GMT)
Diligent’s Acquisition of Galvanize, in Addition to its Planned Acquisition of Steele Compliance, Unites GRC Leaders and Creates Only Modern GRC SaaS Platform that Brings GRC into the Boardroom
NEW YORK & VANCOUVER, British Columbia:
Diligent Corporation (“Diligent” or the “Company”), the modern governance company with a platform used by nearly 700,000 board directors and leaders, across 19,000 clients, today announced that it has signed an agreement to acquire Galvanize, a global leader in SaaS governance, risk, and compliance (GRC) software. Financial terms of the transaction were not disclosed. The Galvanize transaction follows Diligent’s planned acquisition of Steele Compliance Solutions, Inc. (“Steele”) a leader in ethics and compliance SaaS, which the Company
The Securities and Exchange Commission suspended two former KPMG auditors accused of improper professional conduct during an audit of the now defunct College of New Rochelle.