Retrospective taxation a sealed issue, no devise to legislate, assures Arun Jaitley in US

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Terming a argumentative retrospective taxation regime a “legacy issue”, financial apportion Arun Jaitley has positive US investors that a supervision does not intend to order retrospectively and is looking to put a “quietus” to a matter.



The financial apportion pronounced a supervision has definitely done it transparent that “we do not intend to order retrospectively. We do not intend that any uninformed movement underneath a aged retrospective laws be taken.”

“So for a future, this is a sealed issue. And investors are utterly elegant of that. As distant as past is concerned, it relates to usually some particular companies and a emanate is tentative before some legal or brawl redressal resource body,” he said. “And therefore, when we pronounced we are looking for putting a quietus to this, we had in mind watchful for a swift ordering of that dispute.”

Jaitley, who is on a nine-day revisit to US, has hold talks with comparison American officials, including book secretary Jacob Lew, commerce secretary Penny Pritzker and US Trade Representative Michael Froman and met some tip CEOs on a one-on-one basement and also collectively.