George Osborne is in India today, in part discussing the overhaul of their tax regime. The new rules proposed could see companies being charged capital gains tax on deals since the 1960s.
Trade associations from Britain, US and Japan have detailed their concerns and attacking the proposed tax changes to the Indian Prime Minister Dr Manmohan Singh.
These additional tax bills could have a catastrophic affect on these and associated companies/sectors/markets, which could risk a further rise in negative sentiment and would be expected to effect trade and stock markets alike.
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