India’s Ministry of Finance has been upping its efforts to lure foreign investors by reassuring them the country’s tax regime is not unfairly targeting foreign multinationals. It is even going to the trouble of holding a weekly audience for taxpayers. But have multinationals heard this all before? Joe Dalton discovers why tax directors remain wary when they hear the Indian government make tax promises, and what measures might restore their confidence.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year