A pragmatic laying to rest of the retro tax ghost3 min read . Updated: 06 Aug 2021, 01:20 PM IST
- It’s the right call India’s government has taken in drawing the curtains on the retrospective tax. The country needs to strengthen the confidence of investors, not dangle the sword of uncertainty over them.
With the government proposing to repeal the ‘retrospective tax’ amendment introduced in the Union Budget 2012-13, a 14-year-story has come to an end. From the perspective of potential investors and global corporates litigating with the government, it is a pleasant end.
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