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On Amazon and taxes, India shows willingness to heed arbitration

New Delhi seeks to balance sovereignty with openness to foreign capital

India's Supreme Court recently upheld a Singapore-based arbitration tribunal's ruling in favor of Amazon in a dispute with Future Group.   © Reuters

TOKYO -- India's government and courts are showing more willingness to abide by international arbitration decisions, a trend that bodes well for companies like that have contracts in the vast South Asian economy.

One such sign is the Modi government's move to repeal a retrospective tax introduced in 2012 that imposes levies on certain transactions that occurred before the rule was in place.

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