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India: Companies

Question for Foreign, Commonwealth and Development Office

UIN 181384, tabled on 15 April 2021

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.

Answered on

20 April 2021

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.

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