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‘India will continue to attract investments’

World community is moving away from countries with zero tax regime, says Shaktikanta Das

Policy Pulse
Publish Date: May 11 2016 3:09PM | Updated Date: May 11 2016 3:09PM

‘India will continue to attract investments’

 The Finance Ministry on Wednesday said India will continue to attract investments because of  inherent strength and return it offers to investors. 

 
In the middle of concerns on how markets will react to decision taken by India to tax capital gains from Mauritius, Economic Affairs Secretary Shaktikanta Das said world community is moving away from countries with zero tax regime. 
 
"India continues to be a robust economy and investments will come in because of fundamentals of the economy and because of the strength and resilience of the economy and return that India offers post tax," Das said. 
 
"World community is moving away from harmful tax practices like having such tax jurisdictions with zero tax. India is one of the major vocal advocates of this policy of doing away with such tax jurisdictions, since they promote harmful tax practices, which is not in the interest of the global community," Das said. 
 
An investor should not get special advantage vis-a-vis domestic investors just because money is coming through a particular route. 
 
"Tax policies will have to be predictable, there has to be certainty," Das said.