Economist Gautam Sen warns that India's proposed wealth tax may cause super-rich relocation to tax-friendly countries, leading to substantial wealth losses.
Economist Gautam Sen warns that imposing a wealth tax in India, like Congress' proposal, may lead to the country's super-rich, such as the Ambanis and Adanis, relocating their businesses to tax-friendly countries like Dubai to avoid paying tax. Sen suggests that this could result in substantial losses of wealth for India, as these wealthy individuals emigrate to tax havens.
May 08, 2024
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