Tax policy

Illustration: Jayachandran/Mint
GAAR applies to an arrangement where the main purpose is to obtain a tax benefit, and which, among others, lacks commercial substance. Photo: Hemant Mishra/Mint

The balancing act that is GAAR

4 min read . 22 Oct 2017
India could well take a leaf from the US of the 1980s, the period in which Mundell’s ideas, and those of his disciple Laffer, took root, during the administration of president Ronald Reagan. Photo: AFP
US President Donald Trump. Photo: Reuters

Tax troubles

1 min read . 28 Apr 2017