Double Taxation Avoidance Agreements

General Anti-Avoidance Rules: Current Position

November 23, 2015

General Anti-Avoidance Rules (GAAR) are general rules that target any transaction of business arrangement that is done for aggressive tax planning, tax avoidance or tax evasion. GAAR were introduced in Australia in 1981, Canada in 1988, South Africa in 2006 and China in 2008. GAAR in India...