Draft tax law risks huge unwinding of securities by FIIs, India warned
The finance ministry must exempt foreign institutional investors in Indian equities and bonds unless it wants to see massive capital outflows, argues advocacy body Asifma.
.jpg&c=1&h=677&q=100&v=20251611&w=1204)
The general anti-avoidance rule (GAAR) under proposed new tax legislation in India risks triggering a huge, disorderly unwinding of securities by foreign institutional investors unless cross-border portfolio exposures are exempted, warns advocacy body Asifma.
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.