Offshore centers in India that provide high-level services to multinationals are calling on the government to relax its transfer pricing rules to remain competitive.
They advocate speeding up advance tax agreements and broadening the eligibility requirements for a safe harbor to make it easier to provide needed services to foreign partners.
US pharma companies Eli Lilly & Co. and Evernorth Health Services, and packaging-maker Sonoco Products are among those who have set up or announced plans for so-called global captive or capability centers in India in the last three years. GCCs are the largest group ...
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