India remains locked in major back-tax disputes with Vodafone and Cairn Energy
"Competitive currency devaluations, at a time when global demand is sluggish, is a major threat to stability in the global economy," an official release said as Finance Minister Arun Jaitley left for Ankara. (Photo: PTI)
New Delhi: India is seeking to resolve pending tax disputes with investors and hopes to resolve 'legacy' issues in short order, said Finance Minister Arun Jaitley on Wednesday. Jaitley was speaking after the finance ministry decided last week not to press claims for a Minimum Alternate Tax (MAT) against foreign portfolio investors. India remains locked in major back-tax disputes with telecoms group Vodafone and Cairn Energy.
Without referring to individual disputes, Jaitley said the government was trying to resolve pending tax disputes, many of them outside the courts, and said that these legacy issues would be resolved "in not much time".
( Source : reuters )
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