India and France have struck a deal to revise the treaty, which will halve the tax on dividends paid by Indian units to French parents, Reuters reports, citing seen Indian government documents.
- India will widen its powers to tax share sales by French investors, and revoke the “most favoured nation” status of France that gave it certain tax advantages
- Documents say changes will boost flow of investment, technology and personnel between the two countries, Reuters adds
- France’s tax office told Reuters it could not comment as the negotiations are ongoing, while the finance ministry did not respond to the ...