What were the issues involved in the Vodafone tax case? What are the implications of Investor-State Dispute Settlement ruling for India? 10 marks

Mentor’s comment-
  • https://www.thehindu.com/opinion/op-ed/the-perils-of-state-overreach/article32726276.ece
  • In the intro, mention the issue of retrospective taxation in Vodafone case.
  • In the body, discuss the other issues involved in the case and Bilateral Investment Treaties. Next, discuss the implication for investment and overall impact on the Indian economy the case could have and suggest the way forward.
  • Conclude by mentioning the need to comply with the decision and improving the state regulation.
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