India China America Institute hosts training for Indian Revenue Service

ICA Indian Revenue Service NOV 2011.jpg

India China America Institute hosts training program for Indian Revenue Service Some 131 tax…

Georgia (Nov 16, 2011)India China America Institute hosts training program for Indian Revenue Service

Some 131 tax officials visit Atlanta to learn about the U.S. tax system, global taxation issues

As India emerges as a global economic superpower, the country’s revenue service officials need to be versed in international taxation and other transnational financial issues. So for five days in November, an elite group of 131 newly hired tax officials from the Indian Revenue Service came to Atlanta to learn more about the U.S. tax system, international tax treaties and corporate America.

At a training hosted by the India China America (ICA) Institute, housed in Kennesaw State University’s Coles College of Business, the officials spent hours in sessions, visited the Federal Reserve Bank of Atlanta and UPS headquarters, and toured the Kennesaw State campus.

“Cross-border transactions are increasing in India and a lot of multinational companies from the U.S. and Europe are doing business with India,” said Ravichandran Ramasamy, a high-level Indian Revenue Service official who led the group. “They need to understand international taxation issues. The G-20 countries do business with India, and India is growing at 9 percent a year.”

Program participants included engineers, doctors and social scientists from 23 states in India who are being trained as entry-level tax officials. In 20 or 30 years they will be leading the Indian Revenue Service. Participants were selected from a pool of hundreds of thousands of applicants who took a rigorous test for civil service positions last year. Those selected undergo a 16-month training, and this year, for the first time, the training included one week in the U.S., Ramasamy said.

The tax officials learned about game theory, global tax treaties, transfer pricing and the workings of the U.S. Internal Revenue Service. They attended talks by tax experts from firms such as Habif, Arogeti & Wynne, Grant Thornton and Alston & Bird, Coles College of Business economics professors, an IRS officer and Georgia Attorney General Sam Olens, among others.

“This was the first time any Indian administrative officer trainees have been sent to the U.S. for a training stint,” said Govind Hariharan, executive director of the ICA Institute. “It is an honor to be chosen to train these officers, who are part of the select cadre that will lead implementation of tax policies in India. As we grow the institute, we expect to offer a variety of programs for corporate executives and civil servants from India, China and the U.S.”

The ICA Institute (www.icainstitute.org) is a thought leader on economic, business and geopolitical issues involving the United States and the world’s largest emerging economies –– India and China. The nonprofit institute’s primary focus is on the relationships between and among the new triad of power consisting of the U.S., China and India, the world’s most populous countries and largest markets. These three mammoth economies are expected to lead global economic growth in the 21st century and their interrelationships will bear on global prosperity.

The Indian Revenue Service, the Ministry of Finance’s entity in charge of collecting taxes, collects $100 billion in income taxes a year. Increasingly, its officials have to learn about international taxation as India becomes a bigger global player and as Indian companies continue to buy U.S. companies.

“India is growing fast,” said Jayasankar Neelakantan, a faculty member at the National Academy of Direct Taxes who traveled to Atlanta with the group. “Most Indian companies are exporters or are buying foreign companies.”

Manveet Singh Sehgal, one of the visiting tax officials, said he learned how the Internal Revenue Service works and what best practices are. “The program was really wonderful,” he said.

For his part, Narsingh Kumar Khalkho enjoyed immersing himself in game theory and learning how other countries collect taxes. “Game theory is the new theme I learned about,” he said. “Game theory taught us the strategy for expanding the tax base.”

The tax officials’ visit left the door open for other groups of Indian Revenue Service officials to come train in Atlanta with the ICA Institute in the future.

“We would like to deepen the ties and broaden them,” said Ramasamy. “We would like to continue the partnership.”

 

 



 

A leader in innovative teaching and learning, Kennesaw State University offers more than 150 undergraduate, graduate and doctoral degrees to its approximately 41,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the third-largest university in the state. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the region and from 92 countries across the globe. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status, and one of the 50 largest public institutions in the country. For more information, visit kennesaw.edu

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