Now Reading: BMW India CFO seeks faster resolution of tax disputes
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BMW India CFO seeks faster resolution of tax disputes
BMW India Chief Financial Officer Carsten Lammers has called for faster resolution of tax and Customs disputes, saying prolonged litigation creates uncertainty for businesses. Speaking at the 3rd SIAM Automotive Taxation Conference,…
The Story in Brief
BMW India Chief Financial Officer Carsten Lammers has called for faster resolution of tax and Customs disputes, saying prolonged litigation creates uncertainty for businesses. Speaking at the 3rd SIAM Automotive Taxation Conference, Lammers said some cases he handled as a lawyer 10 years ago are still awaiting final court decisions. He urged simpler procedures, clearer policies and consistent implementation to improve business stability and attract investment.
Lammers said global companies see India as the next big thing because of its fast-growing economy, skilled workforce and expanding middle-class consumption. He acknowledged government steps such as faceless tax assessments, digitised GST, quicker refunds and risk-based compliance. He said artificial intelligence can assist corporate tax teams but cannot replace human judgement in financial decisions.
The Indian Opinion
The lazy narrative would cast every tax dispute as government harassment, while the opposite claim would treat digitisation as proof that the problem is solved. Neither fits the facts. Businesses need predictable rules, but tax authorities also need time to examine complex cases. The useful test is practical: how long do new disputes take to reach final resolution, and does that period fall without weakening legitimate scrutiny?
Source: rediff.com
This story was synthesised by AI from the source linked above.
