Toys in Akaky Kaliti
What will the Modi government take with it? Prime Minister Narendra Modi is in a tough spot when it comes to tax deals. India has its own tax legislation as well as, for the first time, national standards of taxation, which he and the government are in a fierce battle over. As a result, it seems that the government is looking to the financial sector which is at the heart of this debate as the most critical to avoid paying taxes.
Here is how the Indian finance ministry described the issue in June as ‘a matter of common sense’ and ‘important to maintain transparency’. (Read: India: The One Big Price)
The issue would, however, provide the government another opportunity to target the financial sector for