Tax laws: Making up with vindictive action

A reign of tax terror unleashed by the tax enforcement machinery will only harm India’s chances of attracting FDI. The rules must be clear and not open to multiple interpretations at the whims of a compromised bureaucracy and high-handed politicians

The declining rupee and the soaring cost of petrol have sent taxpayers into paroxysms of anger. The government argues that it cannot do much...

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