Page 4 - Latest Updates on Retrospective Tax
Move to do away with infamous retro tax will boost investment sentiments
The Bill now introduced in the Parliament proposes to provide that no tax demand shall be raised on indirect transfers effected prior to 28th May 2012
 "Move to do away with infamous retro tax will boost investment sentiments")
Govt scrapping retro tax an 'extremely positive development': Sanjay Tolia
This proposal demonstrates that the government is intent upon shoring up India's positive investor friendly image, says Partner, Price Waterhouse & Co LLP
 "Govt scrapping retro tax an 'extremely positive development': Sanjay Tolia")
Bill to nullify retro tax to boost investors' confidence, says Revenue Secy
The bill introduced in Parliament to withdraw all retrospective tax demands will give confidence to the investor community regarding India's stable tax regime, Revenue Secretary Tarun Bajaj said
 "Bill to nullify retro tax to boost investors' confidence, says Revenue Secy")
The chequered past of retrospective tax: All you need to know
The government has now proposed to refund principal amount in full to the litigants, with certain conditions
 "The chequered past of retrospective tax: All you need to know")
Investors breathe easy, no more retrospective taxation
The fact that the govt decided to come up with an amendment speaks highly of its commitment towards the international investor community
 "Investors breathe easy, no more retrospective taxation")
Removal of retro tax will send positive signal to foreign investors
This change in retro tax law will reflect well on the govt's efforts to improve the ease of doing business environment
 "Removal of retro tax will send positive signal to foreign investors")
Experts welcome govt's move to bury retro tax, but with riders
They, however, say are not sure if the lack of interest and costs payable by govt will satisfy all litigants
 "Experts welcome govt's move to bury retro tax, but with riders")
Govt to amend Income Tax Act to nullify retrospective tax demands
No retro tax demand for indirect transfer of Indian assets made before May 28, 2012; govt also proposes to refund the amount paid in these cases without any interest thereon
 "Govt to amend Income Tax Act to nullify retrospective tax demands")
Taking action to access $1.2 bn arbitration award against India: Cairn
Cairn Energy Plc said it is taking all necessary actions to access the $1.7 bn it was awarded by an international arbitration tribunal after overturning a retroactive tax demand slapped by Indian govt
 "Taking action to access $1.2 bn arbitration award against India: Cairn")
Time to move on
Govt should end its retrospective tax disputes
Why India should honour the $1.2 bn arbitration award in Cairn's favour
This year's budget is due on Monday. All that Finance Minister Sitharaman has to do is to make a provision for the Cairn payment, an insignificant footnote in her $415 billion-plus expenditure plan
 "Why India should honour the $1.2 bn arbitration award in Cairn's favour")
Retrospective restraint: Pranab's last memoir hides more than it tells
It avoids real political issues, refuses to go into details, hides more than it tells, and is therefore a big let-down
 "Retrospective restraint: Pranab's last memoir hides more than it tells")
Decoded: Why Vodafone, Cairn retro tax cases are in for a long haul
The government sticking to its stand that bilateral investment treaties cannot override a nation's sovereign right to tax
 "Decoded: Why Vodafone, Cairn retro tax cases are in for a long haul")
India challenges Vodafone arbitration award, plans the same in Cairn case
Experts mixed on the Indian government response. Some say it will send wrong signal to investors, while others say bilateral investment treaties exclude tax disputes
 "India challenges Vodafone arbitration award, plans the same in Cairn case")
Best of BS Opinion: Life after Covid vaccine, tax arbitration case & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Life after Covid vaccine, tax arbitration case & more")
Twin blows in three months
Govt must move on, accept retro tax arbitration awards
Cairn Energy wins tax arbitration against India: What the case is all about
India lost the Cairn arbitration case. The case was related to the retrospective tax amendment law and the verdict came late night Tuesday. How did the dispute arise? Listen to the podcast for more
 "Cairn Energy wins tax arbitration against India: What the case is all about")
Making a mockery of arbitration
Ending "tax terrorism" was the BJP's promise in the 2014 election that brought Narendra Modi to power giving hope to the likes of the UK's Cairn Energy Plc. But the hopes have been belied
 "Making a mockery of arbitration")
Retrospective tax: Cairn example shows why FDI in oil & gas is in a mess
The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector
 "Retrospective tax: Cairn example shows why FDI in oil & gas is in a mess")
Best of BS Opinion: India at UN high table, shareholders in action & more
Business Standard opinion pieces for the day, among other things, talk about the issues related to Lakshmi Vilas Bank
