India waves tax white flag at opportune time

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India waves tax white flag at opportune time
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From Breakingviews: India is waving the tax white flag at an opportune time, writes ugalani

in international arbitrations. Tensions ratcheted up in July when Cairn seized Indian property in Paris in an effort to start collecting on an award granted by The Hague now worth $1.7 billion. Under the plan, India would drop its claims if companies no longer seek damages.

The government also wouldIf a compromise is agreed, it will help clean up a messy problem that deters investment from overseas. India’s struggling economy could use the help. As rampant official crackdowns cool China’s appeal, it’s a good time for India to be putting its best foot forward. Nintendo can take its game up a level

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