Re: Vodafone case - Will the judgement tranform the tax structure for foreign investo -
May 25th, 2012
The judgement will definitely transform the tax structure for foreign investors because it plans to over ride the DTAA rule. And foreseeing that the FII's have started withdrawing which is so clear and the evident for the market collapse and many other global issues followed. But this has initially started devaluaing our Rupee. Even though the GAAR is not implemented now, FII might fear that next year it will affect anyways so better remove the investments. the change in tax structure doesnt seem like a good idea.