"No MNC comes here to give you money, they have no love for India, they are here to earn profits. They bring Re 1 with them and take back Rs 100 with them. It is because of Patanjali, all these MNCs have sleepless nights," Ramdev said at the 7th 'Bhartiya Chhatra Sansad' here.
This form of tax comes as part of a larger scheme, where the multi-national companies (MNCs) are seen to be avoiding tax in every jurisdiction, says Ketan Dalal, Senior Tax Partner at PwC.
"Facility sharing agreements between group companies through leasing/sub-leasing arrangements for the larger interest of business will not be treated as 'real estate business' within the provisions of the Consolidated FDI policy circular of 2015," it said.
Transfer pricing adjustments have soard across the cities in India with Mumbai leading the pack. Close to Rs 70,000 crore was collected in 2012-2013. A lot of multinational companies (MNCs) have received notices from the income tax department.
Transparency, it's a commodity sorely lacking in most multi-national companies the world over. That's the word from Transparency International, which has studied 105 of the world's largest listed companies, including India's own Reliance Industries and ONGC, reports CNBC-TV18's Ronak Jain and Sumit Lakhotia.
Alleging that the proposed Biotechnology Regulatory Authority of India Bill, 2011 was aimed at promoting multi-national companies, social activists and representatives of farmer's unions today demanded that it be "scrapped".