Technology’s date with tax

Rahul Garg, Partner and Leader, Tax Technology, PwC India

Tax-technology

A taxman’s pride in his skill set sometimes becomes a hurdle in adoption of technology for tax.  Tax professionals set themselves apart in their belief that they have deep interpretative skills (and at times even the ability to read what is not written!) to lead their tax function. Tax functions of today, however, require crunching of a variety of data and information to effectively contribute to organisations’ business advantage. The conflict has been perennial, with most tax professionals hating to soil their hands by plodding through reams of data and information.

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Beyond the blockchain: The emerging fraud landscape

Dhruv Chawla, Partner, Forensic Services

Blockchain-blogpost

‘Blockchain’ is more than just a buzzword. It is changing the way businesses and people operate and creating a roadmap for the next big change.

With a ‘shared distributed ledger’—as opposed to the traditional form of business transactions with excessive reliance on third parties—blockchain technologies are significantly altering the business landscape. With its active deployment in business transactions, the concept of the blockchain is leading not only to increased transparency and cost efficiency but also to a greater degree of trust through peer-to-peer collaboration and advanced coding.

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Mergers and acquisitions: The evolving Indian landscape

Hiten Kotak, Leader, Mergers and Acquisitions Tax, PwC India

M-and-a-blog-hiten-kotak

This is definitely one of the most robust phases for M&As in India. At a time when there is a lull in the global economy, the strength of the Indian economy has fostered an environment where Indian business houses can spot opportunities to grow exponentially through vertical, horizontal and concentric M&A deals. Complementing this situation, the Indian government has proactively undertaken to evolve a tax and regulatory regime that will help the Indian M&A sphere mature. It has also undertaken various policy initiatives to provide a much-needed impetus to domestic and foreign investments.

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Mapping out new horizons for the next gen

Ketan Dalal, Sr. Client Relationship Partner, PwC India

Next-gen-blog

The world over, family businesses are extremely critical, and constitute 30% of companies with sales of over 1 billion USD. PwC’s 2016 Family Business Survey, which was recently released, involved the participation of over 2,800 family leaders across 50 countries and more than 100 family business leaders in India. It was heartening to note that 75% of Indian family businesses have grown in the last 12 months and 84% expect to grow steadily, quickly and aggressively over the next 5 years.

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Social entrepreneurship should focus more on the entrepreneur than the enterprise

Jaivir Singh, Vice-Chairman, PwC India Foundation

Sse-india-decode-blog

India's growth story over the past decade has changed its narrative. The start-up and entrepreneurship wave in the country has ushered in a new promise—the freedom to create your own market. Nowhere does this hold truer than when it comes to business, where bigger is always better. Fixations on topline revenue growth, employee headcount, office locations, are not the only yardsticks of business success any more.

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Hiring transgenders as security officers

Puneet Garkhel, Partner, Forensic Services, PwC India

Pwc-transgenders-blog

In a landmark development, the Government of Odisha has recently decided to recruit transgenders as jail wardens as per the directive of the Supreme Court , by giving them the same physical standards as prescribed for women candidates.

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Are you using Advanced Analytics for your next big decision?

Sudipta Ghosh, Leader, Data and Analytics, PwC India

Using-advanced-analytics-for-big-decision

‘Big Decisions’ are getting increasingly complex for organisations. Are organisations using data or are they mostly relying on their experience for taking these big decisions? More importantly, even if CXOs are taking data driven decisions, are they using advanced analytics for getting more confident about the decision making process. How does Indian organisations fare against their global counterparts?

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Standardise your anti-bribery compliance programme with ISO 37001

Rahul Lalit, Partner, Forensic Services, PwC India

Standardise your anti-bribery compliance programme with ISO 37001

With the increasing number of cases of bribery and corruption, the past couple of years have witnessed the globalisation of anti-bribery regulations, with various countries implementing stricter enforcement actions. In India, with the introduction of the Lokpal Bill, 2013, and the proposed amendment to the Prevention of Corruption Act (PCA), 1988, measures are clearly in place for the penalisation of prohibited and unethical business activities.

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Consensus on GST rates is a welcome move

Pratik Jain, Partner and Leader, Indirect Tax, PwC India

Consensus on GST rates is a welcome move

Consensus on rates of GST is a welcome move and with this the Government seems to be set to push for April 1, 2017 as the date of implementation. While multiple rates may not in line with classical GST system, this seems to be the only practical solution as of now.

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Confront crisis with confidence: Emerge stronger and more resilient, quickly

Deepankar Sanwalka, Advisory Leader, PwC India

PwC-India-GCC-Blog

Jawaharlal Nehru had once said, ‘Every little thing counts in a crisis.’ And that rings true time and again.

Take, for instance, natural disasters, cyberattacks, infectious diseases, market collapses, product recalls, regulatory violations, brand and reputational attacks. Whenever any of these occur, 'business as usual' takes a backseat while firefighters jump in.

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The opinions expressed in the blogs are personal.