The New Race for Power: What Ofgem’s Grid Reform Means for Data Centre Development in Great Britain

For companies seeking to build a giant data centre in Great Britain right now, the biggest bottleneck isn’t a shortage of cutting-edge chips, a lack of capital eager to fund the next wave of large language models (LLMs) or inference workloads, or the availability of software engineers who understand neural networks. The bottleneck is the electricity grid and associated infrastructure, which currently features a waiting list that can stretch comfortably into the next decade.

For technology companies trying to build … Read the rest

From PE Confusion to Clarity: NITI Aayog’s Push to Reform Profit Attribution Rules

From PE Confusion to Clarity: NITI Aayog’s Push to Reform Profit Attribution Rules

Summary: India’s tax framework has long posed challenges for foreign investors, particularly around PE and profit attribution rules. NITI Aayog’s working paper proposes a presumptive taxation scheme to simplify compliance and reduce litigation with respect to profit attribution. Through introducing sector-specific profit percentages to turnover, the working paper intends to offer clarity and ease administrative burdens. Its success, however, will hinge on setting realistic rates that are pragmatic and practicable and can balance revenue protection with investor appeal.

Background

India … Read the rest