Professor Parthasarathi Shome

Professor Parthasarathi Shome

Visiting Senior Fellow

International Inequalities Institute

Languages
English
Key Expertise
Taxation, Public finance

About me

Currently Chairman, International Tax Research and Analysis Foundation (ITRAF), India, website: www.itraf.org.

Member, Academic Board, Advanced Diploma for International Taxation (ADIT), Chartered Institute of Taxation (CIOT), London.

Member, Board of Directors, International Tax and Investment Center (ITIC), Washington DC.

His publications in peer reviewed journals include Journal of Economic Theory (United States), Journal of Public Economics (Netherlands), IMF Staff Papers, National Tax Journal (US), Oxford Economic Papers (UK), Oxford Review of Economic Policy (UK), Public Finance (Europe), Public Finance Quarterly (US), and several other international and national journals. His edited and own books are from Business Standard Publishers, Cambridge University Press, CenTax, International Monetary Fund, Lexis Nexis, Oakbridge, Orient Blackswan, Oxford University Press, Routledge, Springer, and Wolters Kluwer. He writes a monthly column in Business Standard, an Indian business daily where he writes on fiscal policy, taxation, political economy and socio-economic issues. He participates in numerous international conferences, seminars and policy discussions.

Previously American University, Washington DC (1975-83) where he became to be tenured Professor.

International Monetary Fund (1983-2004): Senior Economist in the Office of the Managing Director (1987-88), Chief of Tax Policy (1992-95) and Director (Ambassador), IMF Singapore Institute (2001-03).

Provided technical assistance in the fiscal field to more than thirty countries in Africa (including Botswana, Rwanda, South Africa), Asia (including Bangladesh, China, Kazakhstan, Myanmar, Nepal, Sri Lanka, Thailand, Turkey), Europe (including Andorra, Hungary, Romania), and Latin America (including Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Guyana, Nicaragua, Paraguay, Peru, Venezuela).

Chief Economist, HMRC, Her Majesty’s Revenue and Customs (HMRC), United Kingdom (2008-11).

Served in several official capacities in India including Chairman, Tax Administration Reform Commission (TARC), Government of India, (2013-15); Adviser (Minister of State) to the Indian Finance Minister, (2013-14); and Secretary (2004-08).

Director, International Council for Research on International Economic Relations (ICRIER) (2011-13) and as Director, National Institute of Public Finance and Policy (NIPFP) (1995-97), two premier research and policy development institutions in New Delhi, India.

Received the highest civilian honour of Brazil, Commander of the Order of the Southern Cross in 2000, for contributions to Brazilian tax reform. He was among the 2012, 2013 and 2015 Global Tax 50 of the International Tax Review, “individuals and organisations that made a substantial impact on tax practice and administration in the past 12 months”. He has many books and publications in international journals and has given speeches in his professional field across the globe.

Ph.D. Southern Methodist University, Dallas (1975). He received the Jeanne S. Mattersdorf Award of the National Tax Association of America as “an outstanding student in the field of taxation and public finance” for his Ph.D. thesis on the incidence of the corporation income tax. His Masters degrees are from the University of Rochester (1973) and Delhi School of Economics (1972), Bachelors (Hons.) degree from Presidency College, Calcutta University (1970), and High School Matriculation from Madras University (1966).

Interview/Lecture Video Links:

Visit Parthasarathi Shome's website.

Expertise Details

Taxation; Public finance

Publications

Books

Shome, P, Virtus in Arduis: I Did it My Way. (2019) Orient BlackSwan.

A memoire is a reflection on past events etched in memory. In Virtus in Arduis, Parthasarathi Shome – popularly regarded as ‘India’s Taxman’ and internationally known as a ‘Tazation Rock Star’ – looks back on the course of this professional growth to bring to the interested reader an account of exceptional brilliance, integrity and perseverance, combined with a thirst for challenge, and, in simple words, to recount how ‘Partho Shome came from there to here.’

As one who has travelled to some forty countries as fiscal adviser to governments and academic research, and to as many more out of plain curiosity, Shome’s is a life driven by constant change and variety, and one rich in experience, personal and professional.

Fluent in Spanish, he has been part of global policymaking at the International Monetary Fund as Chief of Tax Policy, been adviser (Minister of State level) to former finance minister p. Chidambaram, and Chief Economist for Her Majesty’s Revenue and Customs, UK Government. As an economist who has published in topnotch international journals and authored several books, taugh and researched extensively in India and abroad, a practitioner who has investigated many a tax law and its subordinate legislation, and a tax administrator who has implemented tax law in the field. Shome’s insights glimpses of the manifold challenges he faced interspersed with some lighter moments of that experience, are extraordinary.

While he focuses primarily on his career graph and academic life, allusions to the personal side – delightful, wry, poignant: remembering vital lessons learnt in childhood, his love for Latin America, his trip to Okavango River Delta, visiting his ancestral home in Bangladesh, and many more – make this memoir a fascinating and engaging read.

Publications

Shome, P. (2018) Contours and Conflicts in Tax Design: Principles and International PracticeLSE Legal Studies Working Paper  No. 11. Available at SSRN.

List of Newspaper Articles and web page links:

  1. Rise of a tainted phoenix”, Business Standard, May 06 2020.
  2. Corona complexity”, Business Standard, April 14, 2020.
  3. Inequality in the US-II”, Business Standard, January 15, 2020.
  4. Inequality in the US-I”, Business Standard, December 17, 2019.
  5. Why India needs a seriously tightened population policy to reduce poverty”, Business Standard, February 20, 2019.
  6. Income distribution: Recent developments”, Business Standard, October 16, 2018.
  7. "Mind the (Widening ) Gap", Economics Times, 26 September, 2017.