Big-earning companies face a corporate tax increase of more than 13%, subject to the National Assembly's approval, writes Sophie Drouliscos.
Latest articles from Asia-Pacific
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Pakistani FDI up 22.6% thanks to China
China has overtaken the US in investment in Pakistan, leading to a 22.6% increase in FDI overall. Natasha Turak reports.
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US Chamber of Commerce sheds members
The US-India Business Council is the latest high-profile departure from the embattled US Chamber of Commerce, reports Natasha Turak.
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Indian businesses struggle with new tax
India’s new Goods and Services Tax has the potential to boost economic growth, but is a headache for retailers. Sophie Drouliscos reports.
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Amazon gets green light for food stores in India
Giant e-tailer Amazon has received permission in India for some food-only stores. The $515m deal is likely to spark similar action by local online grocery companies, as N Chandra Mohan reports.
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Cairn case raises worries about India’s retrospective tax policies
Contrary to earlier pledges, the Indian government appears to be pursuing retrospective taxation, which could spook foreign investors. N Chandra Mohan reports.
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Essel Group director aims to make Mumbai's citizens streetsmart
Essel Group president of cities and strategy Guy Perry is hoping to reproduce lessons from a successful Warsaw development in Mumbai, to create ‘smart’ neighbourhoods and change people’s attitudes in the process.
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View from Asia: all hands on deck to keep Asian economy from sinking
While Asia is doing well in the short term, the IMF predicts storms on the horizon. But disaster can be averted if everyone involved in the economic chain pulls together, says Lawrence Yeo.
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Work visas versus protectionism: the winners and losers
As global business takes stock of Brexit and headline-grabbing US policy decisions, working visas are ripe for reform. Some countries are already benefiting, as Erika Morphy reports.
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Will new BIT model dent India's FDI attractiveness?
India has discontinued most of its existing bilateral investment treaties and wants to pursue a new model offering less protection to foreign investors and reasserting the supremacy of Indian courts over international arbitration courts. Jacopo Dettoni and Timothy Conley look at the impact this might have on the country's FDI appeal.