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

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