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Opinion

India must end tax terror spooking foreign investors

Modi government's pursuit of retroactive taxes is making a bad situation worse

| India
India's reputation took a big hit when it slapped Vodafone with a $2.7 billion capital gains tax bill.   © NurPhoto/Getty Images

Ritesh Kumar Singh is chief economist of Indonomics Consulting and a former assistant director of the Finance Commission of India.

When India's tax department lost a high-stakes international ruling last month over its move to recoup 221 billion rupees ($3 billion) in retroactive taxes from the U.K.-based Vodafone Group, New Delhi signaled that it would fight the ruling.

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