Sirla Harshitha Das & Aksharaa Saxena, IFHE - ICFAI Law School, Hyderabad
ABSTRACT
This paper seeks to research the idea of Retrospective rules in India focusing especially on the vicinity of Tax regulation and seeks to unearth the wealthy case regulation at the difficulty and the type of constitutional tests located upon it. The paper will first introduce the idea of retrospective tax and pose questions as to what feasible tests and balances may be located upon it. Then it's going to pass directly to the wealthy case records of retrospective tax statutes and then we can study unique times while a specific retrospective modification is held to be legitimate or invalid, noting the unique ideas or common sense deployed with the aid of using courts in them. Later, we will move to the tax havens topic
Where we see the phenomenon associated with tax avoidance, tax fraud, evasion, and money Laundering and their scope and to assess financial and social outcomes in their life withinside the global society, global economy, global and country-wide tax systems. Many analyses of the modern-day scenario and stated instances display that tax havens are threatening the strong improvement of the arena economy, inflicting negative outcomes of the financial, social, safety, and humanitarian nature of the worldwide scale. Combating tax avoidance, tax fraud, and evasion through tax havens1 ought to be more potent and greater powerful all over the globe. Finally, we can finish with the present-day traits with reference.
