India proposes higher taxes for securities FDI as rupee falls

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India proposes higher taxes for securities FDI as rupee falls

India has pledged to apply a higher band of capital gains tax to foreign individuals who invest in the country's capital markets. The proposed non-corporate rate increases would apply to some Indian-resident investors also, yet companies and partnerships would be exempt. The new rate would apply to most US trusts and investment trusts around the world. The increases have been approved by parliament and are awaiting final approval by the president's office.  The planned hike comes as ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.