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India trying to pacify foreign investors over tax row

Stock and bond markets hammered as warnings over imposition of minimum alternate tax went unheeded
Wednesday, May 20, 2015 - 05:50

Mumbai

INDIA's Finance Ministry could have sidestepped a damaging multi-billion dollar tax row with foreign investors if it had acted on regular warning letters that officials had been sending since as long ago as September.

The warnings went unheeded, according to senior sources

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