John Flannery tells Forbes India the environment for some of GE India‘s businesses has deteriorated, and government statements is yet to translate into activity.
At the IFA Tax Conference 2012, Rupak Saha - Country Tax Leader of GE India spoke on how GAAR will change M&A in India.
GE India today said it would invest nearly Rs 1,100 crore (USD 200 million) to set up a new manufacturing facility in Pune for developing products for the energy sector.
According to experts, revenue's aggression in the case of transfer pricing is due to a deteriorating macro environment i.e. slowing growth, declining tax revenues and a widening deficit - a classic case of the tail wagging the dog!