The tragic death of business leader and Café Coffee Day founder VG Siddhartha has triggered talk of “tax terrorism.” In a letter apparently written by Siddhartha to CCD, he wrote not only of pressures from a private equity partner but also from tax authorities: “There was a lot of harassment from the previous DG income tax…was very unfair to us and has led to a serious liquidity crunch.”
On a TV panel, Congress leader Milind Deora recently pointed to the fear that Indian business now lives with, constantly under threat from zealously puritanical tax authorities, who view even acts of entrepreneurial risk-taking as often heinous, sinful acts. Today freedom to do business is under threat, Read More
