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India preparing to take final decision on controversial GAAR tax rules: FM

Reuters | Last Updated: Friday, July 25, 2014 - 13:44

New Delhi: Finance Minister Arun Jaitley said on Friday he was preparing to take a final decision on the controversial rules on tax avoidance introduced by the previous government, which were deferred by two years.

Jaitley did not give a timeline for the decision or more details.

Introduced in 2012, the General Anti-Avoidance Rules (GAAR), were aimed at companies routing money through tax havens such as Mauritius, but implementation was delayed after an uproar from investors who feared harassment from tax authorities.

First Published: Friday, July 25, 2014 - 13:44
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