FM on Taxation
THE FM told the Lok Sabha yesterday,
The Prime Minister of India writes to a Prime Minister of a foreign country that we have a society governed by rule of law and courts will be respected. When courts decide, we retrospectively nullify that decision. Which investor is going to trust our investment environment then? That is the political question, which we have to address.
Therefore, we want to give India the taxes which are payable. We will go to any extent to charge them. But as regards taxes which are not payable, we just flex our muscles, get the investment environment in India a bad name and eventually do not recover those taxes.