George Osborne faces row over India's tax regime overhaul
20:45 GMT, 1 April 2012
George Osborne will walk into an international trade row in India today, after an overhaul of the tax regime on the subcontinent.
International trade row: George Osborne
Trade associations from Britain, the US and Japan wrote to Indian prime minister Dr Manmohan Singh, slamming new rules that could see them charged billions in capital gains tax on deals going back to the 1960s.
The changes threaten Vodafone, London-listed drinks company SAB Miller and Cadbury owner Kraft.
Osborne is also expected to lobby Delhi
to rethink a decision to choose France’s Dassault over BAE Systems for a
7billion fighter jet contract.
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