Government says India cannot be a considered as a tax haven just to attract foreign investment. Replying to a debate in Lok Sabha, the Finance Minister Pranab Mukherjee yesterday said that the government has also ruled out any rethinking over the Vodafone taxing issue. He made it clear that the company has to pay tax either in the country of its origin or in India where it is working.

Mr. Mukherjee also asserted that Parliament has the right to make amendments to law to correct Supreme Court judgement and would not allow a situation where a corporate would avoid paying tax.

The Lok Sabha yesterday passed the Finance Bill, giving effect to the financial proposals of the Central government for the fiscal 2012-13. Mr. Pranab Mukherjee said that the government will bring a white paper on black money in the current session of Parliament.

He said, the white paper is in the final stages of drafting. The names of those having black money, will be disclosed once the prosecution against them begins after scrutiny.

Mr. Mukherjee said, the government is awaiting the reports about the estimates of black money stashed abroad. These reports are being prepared by three independent groups. The reports are expected in July or August this year.

Mr. Mukherjee reiterated that the national economy is on the right path of growth despite internal and external constraints.

Leader of the Opposition, Sushma Swaraj complimented the Finance Minister for withdrawing taxes on branded and unbranded jewellery in keeping with the sentiments of jewellers across the country.