Retrospective taxation- Overhang removed
“Retrospective Taxation”, these two words have roiled foreign investors looking at India over the years, and led to multiple disputes between the Indian government and global majors like Vodafone and Cairn. Going back in history, in May 2007, Vodafone bought majority stake in Hutchison Whampoa for $11 bn. The Indian government has raised a demand of Rs 7,990 cr …