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2004-05-20 Afghanistan/South Asia

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Posted by Fred 2004-05-20 08:46|| || Front Page|| [3 views since 2007-05-07] Top

#1 Any word on whether India will (or seek to) drop its draconian tax regarding importation of used capital equipment into the country for industrial ventures? It is something like 50% of the equipment's sale price. I experienced their tangle of extortionate tax code first hand while participating in a corporate venture there.

Essentially, India forces companies to import all brand new and costly equipment only to force these ventures out of business and reversion into direct Indian ownership. Companies that continue to outsource so much of their operations to India really need to reconsider the wisdom of rewarding a country that maintains such a disincentive to real foreign investment in their infrastructure.

Posted by Zenster 2004-05-20 2:02:16 PM|| 2004-05-20 2:02:16 PM|| Front Page Top

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