Thursday, August 9, 2012

Ear Hair and other observations

The Indian’s seem to take a certain pride in having extremely long hairs covering their ears.  The older gentlemen I come across have the hairiest ears I have ever seen.  This fellow is an example of the pride they have in their grooming skills.
On to more interesting things- I had to give an update on the project to senior management the other day and afterwards was considering why it was such a unproductive meeting – it might have been due to having the meeting at a table the size of a squash court – it could have held 50 people around it.  But there were only 6 of us in attendance – with us 3 on one side and 3 on the far other side a good 3 meters away.  A very impressive board room I must say, but not too effect for small meetings.
Taxes:  The Indian tax system is as confusing as their normal way of life.  The large project that I am working on has required countless lawyers, consultants and tax advisers to guide us through the tax risks of doing a project in India.  While I won’t bore you with the tax details that cause my eyes to glaze over as soon as anyone tries to explain it to me, but I will share some insights in to it.  The rules are clear in how it should be applied, but there are many different tax departments and they are quite ruthless in applying their own interpretation to the rules.   They have put the fear of God into the many large businesses with their tax powers.  So as a result we have lengthy discussions on how these rouge tax officials may look at our documents.  In end we will create thousands of pages of paper, all of which is for no purpose other than to prevent an aggressive tax official from falsely assigning a tax penalty (which could be millions of dollars).
 

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