New Delhi: With retrospective taxation continuing to rile foreign investors, the Budget tomorrow may look to address their concerns with a view to resolving the legacy issues.
In an interview to PTI, Chief Economic Advisor Arvind Subramanian said that the present government is taking “consistent steps” to deal with the legacy tax issues to regain investor confidence. “I think they will continue to do so going forward and hopefully so in the Budget. It’s a long drawn agenda that we need to clean up tax system,” he said.
Earlier this month, the tax department took the unusual step of sending a reminder notice to Vodafone for payment of Rs 14,200 crore of taxes on an issue that is under arbitration.
