A few days ago, Finance minister Arun Jaitley declared that the opposite of tax terror cannot be a haven. Digging in his heels against the critics of his government, he asserted that Modi sarkar would not let go of what it sees as "legitimate tax demands". Mr Jaitley was referring to tax notices slapped on foreign institutional investors (FIIs) to extract Rs 40,000 crore (Rs 400 billion) from them under a tortuous law called minimum alternate tax (MAT). He is obviously unconcerned about how ... Rediff.com, 2 months ago
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