https://www.taxtmi.com/news?id=37646 An appeal seeks intervention to prevent the relocation of a major bank's Global Market Unit from a regional centre to the national financial hub, arguing that transferring core forex operations (back office, treasury, derivatives and structured products) would centralise financial operations, reduce state tax revenue, and cause contractual staff retrenchments, and that the move follows earlier institutional changes that weakened the local financial ecosystem. en-us Tue, 18 Mar 2025 15:01:03 +0530 Tue, 18 Mar 2025 15:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=37646 An appeal seeks intervention to prevent the relocation of a major bank's Global Market Unit from a regional centre to the national financial hub, arguing that transferring core forex operations (back office, treasury, derivatives and structured products) would centralise financial operations, reduce state tax revenue, and cause contractual staff retrenchments, and that the move follows earlier institutional changes that weakened the local financial ecosystem. News - Tue, 18 Mar 2025 15:01:03 +0530 https://www.taxtmi.com/news?id=37646