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Tax tiffs cast a cloud over foreign companies in India

Wednesday, April 29, 2015 - 05:50
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Mr Jaitley plans to lower the corporate tax rate to 25 per cent from 30 per cent over the next four years.

Mumbai

FOREIGN companies tempted by India's call to scale up manufacturing in Asia's third-largest economy need to consider one big potential headache: tax.

Nokia OYJ, Vodafone Group Plc, Cairn India Ltd and Cadbury chocolate maker Mondelez International Inc are among those