Global Survey Says Indians Rely Heavily On Accountants In Tax Matters

GLOBAL SURVEY SAYS INDIANS RELY HEAVILY ON ACCOUNTANTS IN TAX MATTERS

Global Survey Says Indians Rely Heavily On Accountants In Tax Matters

In the first intensive study of taxpayer’s attitudes, it has been noticed that when it comes to taxation, they believe in Indian professionals. This survey was conducted in all G-20 countries in partnership with the Association of Charted Certified Accountants (ACCA), a global body for professional accountants, International Federation of Accountants (IFAC) and Chartered Accountants Australia and New Zealand (CA ANZ).

According to the news published in The Times of India, Head of International Development Mohammed Sajid Khan in the Association of Chartered Certified Accountants (ACCA) said, "Particularly Indians, compared to most of the countries included in the G-20, people of India, believe more in multinational and professional accountants, so that a reasonable tax system can be created."

About 70 per cent of the Indians believe that MNCs are paying a fair amount tax and it is advisable to offer tax incentives to attract foreign investment. On the contrary, in G-20, only 52 percent of respondents believe in the tax system of multinationals. Only 49% of these think that tax incentives should be offered.




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