Passage
India has lost in dispute settlements against global corporates, on whom it imposed retrospective tax claims . Whether industries will back down from those claims or forfeit the interest and damages, as offered by the Government to close the chapter, will likely depend on its institutional shareholders. Irrespective of the outcome, global capital is unlikely to immediately forget the ‘ad-hoc’ approach to this critical policy issue and rush in. Be it fluctuating trade tariffs or shifting GST rates and rules,
have created dents.
Q. The inference from the passage is best described by,
A. Taxation department needs to work in consideration of principles of free market economy
B. India needs to demonstrate greater clarity and consistency in policy across the board to fix its broken credibility
C. The reform of inspector raj system in India is long away from reaching its destiny
D. FDI inflows into India will reduce in short run.
India has lost in dispute settlements against global corporates, on whom it imposed retrospective tax claims . Whether industries will back down from those claims or forfeit the interest and damages, as offered by the Government to close the chapter, will likely depend on its institutional shareholders. Irrespective of the outcome, global capital is unlikely to immediately forget the ‘ad-hoc’ approach to this critical policy issue and rush in. Be it fluctuating trade tariffs or shifting GST rates and rules,
have created dents.
Q. The inference from the passage is best described by,
A. Taxation department needs to work in consideration of principles of free market economy
B. India needs to demonstrate greater clarity and consistency in policy across the board to fix its broken credibility
C. The reform of inspector raj system in India is long away from reaching its destiny
D. FDI inflows into India will reduce in short run.