at least 200,000 Singapore dollars ($160,000) on their Singapore operations annually for two years before a transaction.But even here, investors are worried moving to Singapore might raise suspicions. “First question (tax authorities) will ask you – why did you move?” says one hedge fund investor who invests in India.Indian Finance Secretary R.S. Gujral told Mint, an Indian financial newspaper, his response on this point is investors should “have no concern on that. Those concerns we will take care of, you need to be genuinely doing your business from the place from where you are stating that you are doing.” In other words, trust us.Mr. Mukherjee and Mr. Gujral can assure foreign firms all they like. But it’s much lower-level Indian tax officials who will have the power to implement these rules,toms shoes online, and it’s the prospect of dealing with their interpretation of the rules that has the foreign investor community worried.You can follow India Real Time on Twitter @indiarealtime. Add a Comment Error message Name We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name. Comment Comments (3 of 3) View all Comments 2:17 pm June 29, 2012 India GAAR supporter wrote: GAAR should be imposed in its complete form as plannedPoor Indians pay 30 tax on a low income of USD 20,000 USD annualy,cheap toms. It is appropriate to charge taxes on Vodafone (cap gaiinds tax of over 3 bn USD pending) and all foreign investors who make billions of dollars from India and pay no taxes. Nothing less than Modern Colonialism.Why should poor Indians pay taxes while rich foreignin stituions get away? 8:43 pm April 21, 2012 Kedar wrote: the white collared jobs like information technology back to USA.Latest area is information technology.3 million IT ( Information tech ) jobs out sourced to India / Thailand / Philippines.Take any company like Microsoft, Intel or Cisco or any of fortune 500 companies or all companies .90% of the companies have opened center in India.Though it reduces cost, the unemployment in this country is going up..IBM hired 100000 people, ORCL hired 20000, Intel 5000, Cisco 10000 people in India between 2002-2010..So does all other companies. 8000 companies of USA, opened their centres in India.No surprise if the unemployment in USA goes to 20% if not to 30%. 10:53 pm April 20, 2012 KH wrote: Mr Luthra s comments on clear definition of what is expected by the Indian government is right on top,toms shoes on sale. Despite the fact that the Indian Finance Secretary has amply clarified that GAAR will apply to ALL jurisdictions, some still have this fixation about Mauritius. Mauritius is one of the few countries which has proactively volunteered to undergo a combined phase I and phase II OECD peer review on transparency and exchange of information. Its continued inclusion on the OECD white list bears testimony to its adherence to industry standards, regulations and international best practice. The article mentions that it is easier to find labour in Singapore. Aren t most of these t Related articles:

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