IFA Conference

Our Founder Girish Vanvari was a part of a panel discussion on the Paradigm shift in global environment on anti-avoidance & impact on corporate structuring & restructuring — Inbound Structures / Outbound structures / cross border amalgamations

BioAsia 2019

Transaction Square conducted a workshop on ‘Valuations and Commercial Negotiations for Start ups’ at BioAsia2019, a premier annual international life-sciences and healthcare convention hosted by Government of Telangana and promoted jointly with 20 Asian Countries. We were also pleased to present a Social Innovation Award to Adiro Labs – a start up that works in the field of citizen safety and women empowerment.

FIT Conference

The Annual Conference organized by the Foundation for International Taxation along with the IBFD in Association with the OECD saw a panel discussion on BEPS and Indian Tax Policy, Practice and Compliance in Future along with a special keynote presentation made by our Founder Girish Vanvari on Tax trends in Mergers and Acquisitions

M&A Seminar @ BSE

The M&A Seminar organized by the IMC at the Bombay Stock Exchange had an enticing panel discussion around the Impact of GAAR & Double Taxation on M&A. The panel also exchanged views on Tax Reforms and the Implication of GAAR on M&A and Family Arrangements

BEPS @ 5 – Taxsutra

Taxsurta Conclave 2018 witnessed the best brains in the industry deciphering some burning tax issues. Transaction Square Founding Partners, Girish Vanvari and Amol Khanna, dwelled upon the future of M&A and restructuring in GAAR regime. Highlighting the paramount importance of ‘substance’ in all reorganisations, the team deliberated on various scenarios which could be looked at from GAAR lens and thus drawing home the conclusion that should drive restructurings including NCLT driven Schemes of Arrangements that would have commercial substance. Having said this, drawing a line and defining boundaries in the form of clear scenarios/ examples is also an important consideration since multiple checks and balances like provisions under section 56, section 50CA, section 50C, section 94B, LoB clause in tax treaties, do exist already and if an overarching GAAR is applied to all reorganizations, it may lead to unwarranted litigations thus impacting the business environment as a whole.

As closing remark, the team emphasized that time is ripe for the regulators to amend laws for providing exemptions for genuine cases like internal reorganizations, to ensure that GAAR should not be envoked on such transactions.

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