- Modi government decides not to resort to retrospective taxation as they are upsetting foreign investors.
- PM, while addressing Indo-UK Business Meeting on Thursday, said that the Indian government is refining its tax regime to make it more transparent and predictable.
- He also stated that the government is also working towards genuine investors and honest tax payers, get quick and fair decisions on tax matters.
- He pointed out that because of these improvements foreign investments turned positive and India’s jumped 16 places on the World Economic Forum’s global competitive index.
Source:- Business Standard