Wednesday , September 18, 2019 |   21:48:25 IST
INTL TAXATION INTL MISC TP LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
TP - No appeal against ITAT order warrants interference by jurisdictional High Court, if decision was taken by following observations laid down by such High Court which is settled: HC (See 'Breaking News') TP - Once certain matter decided by Tribunal stands concluded by decision of jurisdictional High Court, then it forms binding precedent for successive years: HC (See 'Breaking News') TP - If taxpayer has not filed addendum to transfer pricing agreement before TPO, it is not possible for such officer to pass valid order of assessment: ITAT (See 'Breaking News') TP - Differences in business module and fluctuating margins calls for exclusion of such entity for purposes of comparison: ITAT (See 'Breaking News') TP - Transfer pricing adjustment in respect of international transaction merits to be restricted to MAP resolution agreed between parties: ITAT (See 'Breaking News') I-T - There is no requirement to deduct tax at source in case of reimbursement of expenses: ITAT (See 'Breaking News') GAAR - CBDT amends Rule 10UC in relation to application to be made in Form 3CEIA to approving panel TP - Issue already concluded in previous years by decision of Coordinate Bench, merits to be follwed in absence of any distinction in facts and/or law in subsequent years: ITAT (See 'Breaking News') I-T - Payments made overseas for acquiring 'off shelf software' is not in realm of royalty: ITAT (See 'Breaking News') TP - Company engaged in providing high-end services involving specialized knowledge & domain expertise, cannot be compared to routine BPO service provider: ITAT (See 'Breaking News') I-T - No interest u/s 234B can be levied where payment to non-resident payee is subject to tax deduction at source: ITAT (See 'Breaking News') I-T - Additional evidences which are germane to determination of characterization of payments made overseas, merits consideration before attaching withholding tax liability on same: ITAT (See 'Breaking News') DTAA - Payment made in respect of standard telecom services which does not comprises of any trademark or scientific work, cannot be taxed as royalty: ITAT (See 'Breaking News') DTAA - Income arising from sale of goods on principle to principle basis completed outside India, cannot be taxed in India: ITAT (See 'Breaking News')
 
TII SEARCH
 
 
   
Home >> News Brief
 

ADB urges offering incentives for building climate change resilient infrastructure
By TII News Service
Aug 28, 2019 , Mandaluyong

    

A recent research paper published by the Asian Development Bank (ADB) suggested that the Governments should consider offering resilience tax credits as incentives to developers of climate-change adapted infrastructure. The suggestion is contained in its background paper for the G20 Climate Sustainability Working Group. Released last week, the Paper is captioned 'Building Resilient Infrastructure for the Future'.

As pitched by the research paper, national or sub-national authorities could promote 'code-plus' compliance in government-funded infrastructure investments,where standards exceed the minimum life safety requirements of local building codes. It also highlighted the need to accelerate investments in resilience by offering incentives, resilience tax credits, loans or grants. The paper also mentioned that in spite of the upward trend in reported investment in climate change adaptation and resilience, there remains a notable gap between what is required to deliver resilient infrastructure and what is currently available in the region.

The paper also stated that to deliver climate and disaster-resilient infrastructure at scale, significant finance, both public and private, had to be mobilized. The governments could use their purchasing power to increase the resilience of their investments. Underscoring private sector's role in developing infrastructure and in raising funds for it, the paper urged raising awareness of climate risks. This would help integrate these issues into financial markets, commercial lending and company risk analysis.

The paper further mentioned that incentives for financial markets to price in climate change risks had increased recently with initiatives such as the Task Force on Climate-related Financial Disclosures (TCFD). The initial focus has been on the risk of stranded assets because of mitigation policy and carbon taxation - the risk that investments in fossil fuel reserves or generation plants, for instance, are unable to earn an economic return sometime before the end of their originally assumed economic life. Disclosure will promote the integration of climate risks into private sector decisions, the paper concluded.

 
 
INTL TAXATION INTL MISC TP LIBRARY VISA BIPA NRI TII
  • Circulars (I-T Act, 1922)
  • DTAAs
  • TIEAs
  • Limited Treaties
  • Other Treaties
  • Notifications
  • Circulars
  • Instructions
  • Administrative Orders
  • Relevant Portion of I-T Rules,1962
  • DRP Panel
  • I-T Act, 1961
  • GAAR
  • MLI
  • Relevant Portion of I-T Act,1922
  • Draft Guidelines
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • DTC Bill
  • UN Model
  • Miscellaneous
  • OECD Conventions
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • Draft Notifications
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Forms
  • TP Rules
  • APA Annual Report
  • APA Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • Black Money Act
  • PMLA Notification
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • Intellectual Property
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Book Review
  • Limitation Act
  • SSAs
  • EPFO
  • FAQs
  • Acts
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Types of Visa
  • Agreements
  • Model Text
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2019 Taxindiainternational.com Pvt.Ltd. All rights reserved.