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Q.

India will delay by two years the implementation of controversial rules GAAR on tax avoidance to 2016, what would be the effect of it on our economy?

Tags: india, money, politics & government
Asked by dharamender nebhnani, 14 Jan '13 03:05 pm
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Answers (5)

 
1.

The General Anti Avoidance Rules (GAAR) provisions, introduced by the then finance minister Pranab Mukherjee in the Budget 2012 , were aimed at checking tax avoidance by overseas investors. The proposal, however, generated controversy, with investors expressing apprehensions that it would result in unnecessary harassment by tax authorities.

Chidambaram puts off GAAR laws . No idea if UPA will be in power then. Big gain for foreign investors. =FDI all the way
Answered by anantharaman, 14 Jan '13 05:15 pm

 
  
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2.

This would be a political exercise at the cost of nations economy. Certainly foreign investors stand to gain due to this. Indian exchequer will be the loser.
Answered by Good Citizen, 15 Jan '13 10:32 am

 
  
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3.

No idea about the rule GAAR...
but watever it is
if that affects the people in power
it keep on delay and got really ugly shape when if possible come into picture
Answered by Greasemonkey, 14 Jan '13 04:04 pm

 
  
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4.

Giving time for super rich to hide their illgotten wealth in new way
Answered by Quest, 14 Jan '13 03:16 pm

 
  
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5.

Black money require to fight election.
Answered by Laxmikant Jain, 14 Jan '13 03:13 pm

 
  
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