While tax tinkering will continue to dominate the discourse at least till the Budget, one question hangs in the air: has ‘tax terrorism’ abated at all? As we survey the global economy, the two things that stand out is the evolution of digital economy, and the consistent tug-of-war between multinational corporations (MNCs) and tax authorities on the adequacy of taxes paid in each country they operate. Enhanced digital economies across the world have virtually created a borderless world where the physical presence of companies has lost relevant. The role of tax havens where servers can be located makes the task of a tax authority even more difficult.