cause
According to Indian media reports, the Indian government requires that key positions such as chief executive (CEO), chief operating officer (COO), chief financial officer (CFO) and technical director (CTO) of Chinese mobile phone manufacturers such as Xiaomi, OPPO, and Vivo be held by Indians.
India really thinks too beautiful, if it really does this, the core personnel will all become Indians, and Chinese mobile phone companies will become part-time workers.
Think about that scene, in a Chinese company, the executives are Indians, isn't it slowly the technology is mastered by India, and then these Indians who master the technology leave and then reopen a company, and then use the government to kick out Chinese manufacturers, and the benefits are all occupied by India, think really beautiful, simply stipulate that the company that comes to invest in India must be controlled by Indians.
Xiaomi is dead
India recently confiscated 4.3 billion yuan of Xiaomi's cash in banks in the name of tax evasion.
This is a formal way to receive money, directly changed and robbed ah. India's "pig killing plate" is famous, so far thousands of foreign companies have fled India, Xiaomi can persist until now, has been dead, I don't know whether it is the head iron, or brave.
Foreign companies come to India to invest and do business, and can they make money by complying with the law? Wrong, if you make too much money in India, the Indian government will impose fines for all kinds of reasons they deem legitimate.
Apple and Google treat them equally
In this regard, however, India treats almost all countries equally, including the United States. India fined Apple $1.1 billion for "monopolizing the market."
But Apple said that its products account for only 5%, to say that the monopoly must be Google, Google's Android system share is as high as 95%.
The Indian judge said you were right, but you still had to be fined.
Then I went to sue Google, and I was fined 1.1 billion without discrimination, and Google saw that Apple had to be fined 5%, and I was 95% sure that I would not be able to escape, so behave to behave. But what I didn't expect was that India saw Google so cheerfully, thought that Google was a bully, and immediately sued for an additional fine of 780 million.
At this time, Google is confused, can it still play like this, is this something that a national government should do?
Amend the law in order to collect money
The laws of a country are sacred and solemn, but India directly changed the law in order to collect money.
The Cayman Islands has always been a tax haven for businesses, and the two companies carried out the transfer of companies in India in the Cayman Islands, which were discovered by the Indian government several years later, and India believes that no matter where you trade, you are trading assets in India, but it has been several years and it is difficult to receive taxes again.
Then came the strange operation of the Indian government, which directly amended the Corporate Income Tax Act, so that all "indirect transfers of Indian property" after January 1, 1961 must be taxed to the Indian government.
Directly amend the law? Can this still be done? Then think about it, simply change it to everything that mentions India in the transaction, you have to pay taxes to the Indian government, which is more trouble-free, so as not to change it later.
summary
A reasonable and safe investment environment can attract investors from all over the world to invest. The reason why China can attract manufacturers from all over the world to invest is that China has a safe investment environment and investment policies that are favorable to foreign investors.
India can make a lot of money in a short period of time by doing this, but in the long run, it will only scare away foreign investors, and if there is no one to invest, it will be difficult for the economy to develop.