India’s Tax Hike On Super Rich Will Lead To FPI Outflows, Says Asifma
U.S. one-hundred dollar banknotes are arranged for a photograph in Hong Kong, China. (Photographer: Paul Yeung/Bloomberg)

India’s Tax Hike On Super Rich Will Lead To FPI Outflows, Says Asifma

The government’s bid to levy higher taxes on the super rich—and foreign portfolio investors—will lead to an outflow of foreign money, according to Asia Securities Industry & Financial Markets Assoc...
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