PARLIAMENTARY WRITTEN QUESTION
India: Companies (15 April 2021)
Question Asked
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what discussions he has had with his Indian counterpart on the effect of retrospective tax legislation on UK companies seeking to do business with that country.
Asked by:
Christine Jardine (Liberal Democrat)
Asked by:
Christine Jardine (Liberal Democrat)
Answer
Supporting UK companies to do business in India is a priority for HMG. The UK is the second fastest growing investor in India over the last ten years and bilateral investments support over half a million jobs in each other's economies. Retrospective tax legislation is an internal matter for the Indian authorities.
Answered by:
Nigel Adams (Conservative)
20 April 2021
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