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India set to take final stand on GAAR

July 25, 2014 15:00 IST
By Manoj Kumar

Finance Minister Arun Jaitley said on Friday he was preparing to take a final decision on the controversial rules on tax avoidance introduced by the previous government, which were deferred by two years.

Jaitley did not give a timeline for the decision or more details.

Introduced in 2012, the General Anti-Avoidance Rules, were aimed at companies routing money through tax havens such as Mauritius, but implementation was delayed after an uproar from investors who feared harassment from tax authorities.

 

Manoj Kumar in New Delhi
Source: REUTERS
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