Best of BS Opinion: Avoid arbitrary regulation, China's border games & more
After spending nine years trying to defend an indefensible
taxation law, the government has introduced a Bill in the Lok Sabha to reduce
the chances of retrospective
tax demands by the authorities.
This is a welcome act and should have been done much earlier,
avoiding the humiliations that India has faced in international arbitrations
challenging tax demands made under the retrospective clause. The next step,
says the top edit, is for the government to be
generous in its settlements with the companies that have been affected by an
action that it accepts has been counter-productive for India’s development.
In other views today:
Ajai
Shukla takes stock of China’s strategic moves along the borders in
Ladakh and Arunachal Pradesh.
Rathin
Roy identifies five ways in which the Covid-19 pandemic has
irrevocably changed the world as we know it.
The second edit says
the Reserve Bank of India has offered no clear reason for its attempt to
control and reduce the number of current accounts in the Indian banking system.
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