Will India's tax on the rich hit foreign investment inflows?

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There are about 9,400 foreign portfolio investors registered in India, largely from tax domiciles in the United States, Mauritius, Ireland, Luxembourg, Singapore and the United Kingdom, who have invested nearly $50 billion in Indian equity, debt and hybrid instrument markets. Tax experts say 30-40% of them, registered as trusts, could be affected by the new rules.



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