FIPB told to reject telecom FDI from tax havens (rediff.com)

18 August 2008, 9:32 pm

In another instance of Indian tax authorities adopting a hard-nosed stance to prevent abuse of tax avoidance treaties, the revenue department recently opposed a proposal of a Cyprus-based company to increase its stake in an Indian telecom services company from 40 per cent to nearly 74 per cent.... read more

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