MUMBAI—India is bracing for a dramatic but risky overhaul of the country’s tax system that authorities hope will draw millions of businesses into their tax net and boost the economy. The initiative, set to kick off on July 1, aims to streamline India’s cumbersome network of state and federal levies and ease commerce across state borders. It is a big part of a larger effort, including the cancellation of large-denominated...

Source: Wall Street Journal June 12, 2017 09:22 UTC