Retrospective News

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.

The move to scrap retrospective tax law comes as Cairn is threatening to confiscate overseas Indian assets to cover for its arbitration award

Cairn is seeking full restitution for losses resulting from the expropriation of its investments in India in 2014; continued attempts to enforce retrospective tax measures; and the failure to treat the company and its investments fairly and equitably

The retrospective application of any law that relates to tax matters is tricky. This is because tax evasion is not always a clear-cut issue of guilt and innocence. Unlike actions that clearly qualify as crimes, tax codes are subject to change and people’s decisions could shift accordingly

Cairn reported a loss of $500.5 million during the January-June period of 2018-19 as a result of de-recognition and loss of financial assets in India

The income tax tax department is looking to sell Cairn's remaining shares in Vedanta to recover tax dues

India is of the view that taxation is not covered under bilateral investment protection treaties, which Cairn Energy and Vodafone have taken a refuge under to initiate arbitration

The artist recently opened his first retrospective on French soil, but what went into its making?

The action comes ahead of the beginning of the final hearing in the arbitration initiated by Cairn to oppose the retrospective tax demand

Under international arbitration proceedings the final hearing of Cairn's claim under the UK-India Bilateral Investment Treaty is scheduled for August 2018 in The Hague