India’s crazy retrospective tax on foreign funds will tarnish country’s reputation

India’s crazy retrospective tax on foreign funds will tarnish country’s reputation

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India wants to collect as much as 30% to 40% tax, even if an Asia fund in Hong Kong or Singapore redeemed, say, units in an India sub-fund to which it had only a 10% allocation

Source : India’s crazy retrospective tax on foreign funds will tarnish country’s reputation
Courtesy : Mint – Opinions

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