The Economic Times
English EditionEnglish Editionहिन्दी
| E-Paper
Search
+

View: A tax regime both predictable and competitive is good for India

View: A tax regime both predictable and competitive is good for India
View: A tax regime both predictable and competitive is good for India
In 2006, Cairn reorganised its assets to support India’s economy by creating a new Indian company that would eventually list on the BSE.

Synopsis

In 2006, Cairn reorganised its assets to support India’s economy by creating a new Indian company that would eventually list on the BSE. Even though there were no third-party transactions, GoI claimed a tax due under a 2012 retroactive tax law.

By Stan MajcherThe economic potential of India is tremendous. With its highly educated and industrious population, India has the potential to grow its economy to many multiples of its current size. To meet its potential, millions of jobs will need to be created as young Indians enter the labour market. However, economic growth is not assured. Investors, both foreign and domestic, must have confidence that India will adhere to strict enforcement
Share This Article
  • GIFT ARTICLE
  • FONT SIZE
  • SAVE
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Why ?

  • Sharp Insight-rich, Indepth stories across 20+ sectors

  • Access the exclusive Economic Times stories, Editorial and Expert opinion

  • Clean experience with
    Minimal Ads
  • Comment & Engage with ET Prime community
  • Exclusive invites to Virtual Events with Industry Leaders
  • A trusted team of Journalists & Analysts who can best filter signal from noise
The Economic Times