Pro-business Jaitley makes right noises in Indian Budget, but concrete action lacking

Matthew Gilleard

July 09 2014

Delivering his first Budget speech today, Arun Jaitley, India’s new finance minister, pledged to maintain a stable tax environment, but disappointed multinational taxpayers by not removing rules on retrospective tax. Indeed, while the majority of the finance minister’s proposals sound business-friendly enough, taxpayers would have liked more concrete detail.

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Matthew Gilleard

Matthew Gilleard worked at ITR between 2010 and 2016

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