Monday, 23 May, 2022
TopicRetrospective tax

Topic: Retrospective tax

Retrospective tax is good riddance. But Modi govt can do more to attract foreign investors

India needs to offer stability in its regulatory regime and rule of law in order to compete with countries like Vietnam that are vying for space vacated by China.  

Rajya Sabha approves bill to end retrospective taxation amid walkout by Opposition

Describing retrospective taxation as a 'ghost', Nirmala Sitharaman said she sought the support of the House to make India look very clear, transparent and fair taxation land.

RSS affiliate & BJP leader spar over Modi govt decision to do away with retrospective tax 

Swadeshi Jagran Manch co-convenor Ashwani Mahajan and BJP leader Vijay Chauthaiwale argued on the implication of the Modi government decision. 

Retrospective tax is a start, Modi govt needs to do more to make India’s playing field fairer

Retrospective taxes are just one facet of arbitrary state action. MNCs that have committed billions of dollars have many other legal minefields awaiting them.

Modi govt finally moves to bury controversial UPA era retrospective tax ghost

Decision will end India’s dispute with Vodafone Plc and Cairn Energy Plc, and in 15 other similar cases. FM Sitharaman notes that the retrospective tax became a ‘sore point’ with investors.

India to take legal recourse over Cairn Energy’s confiscation of Paris assets worth Rs 180 cr

Cairn Energy has been moving aggressively to push the Modi govt to comply with the $1.7 billion arbitration award that it won in December 2020 in the retrospective taxation case.

Why India continues to fight the Vodafone, Cairn Energy retrospective tax battles

While two recent international decisions against India’s retrospective taxes tell one story, there is another side which ought not to be ignored.

Govt examining Cairn retrospective tax order, law of the time has to be carried out—CBDT chief

P.C. Mody says govt has already appealed international tribunal order in Vodafone retrospective tax case, and will soon decide whether to appeal Cairn verdict too.

Govt should accept Vodafone ruling, bury retrospective tax row. India needs investor-friendly image

ThePrint view on the most important issues, instantly.

Cairn, Vodafone retrospective tax cases hurt UK investments in India, says business body

Jayant Krishna, Group CEO of UK-India Business Council, says countries are now looking to removing non-tariff barriers to trade as Brexit process continues.

On Camera

YourTurn

Galle Face Green the popular promenade in Sri Lanka’s capital Colombo has become ground zero for the protest against the Gotabaya Rajapaksa government. | Photo: Regina Mihindukulasuriya

Sri Lanka may be a teaser for a global default crisis

Global markets see Sri Lanka as an omen for more defaults in the developing world as countries face a growing, post-Covid debt burden.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

Representational image of drone. | Photo: Mark Kauzlarich | Bloomberg

As drones usher in new era of warfare, India’s growing UAV industry begins to take flight

With a growing indigenous base of drone manufacturers and exporters, and incentives from government, industry sentiment is bullish. However, some concerns remain. 

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
×