India Considers Tax Cut to Attract Foreign Investors
India is weighing a tax cut aimed at persuading foreign investors to put more money into the country. Reports point to possible long-term capital gains tax relief for some mutual fund investors, proposed by the market regulator SEBI, and a request from industry body Ficci for an exemption on listed shares. Whether the move will work is still an open question.
Context
Context: Long-term capital gains tax applies when investors sell shares or fund units held for a long period. Foreign investors often compare such taxes across countries, and SEBI regulates mutual funds and stock markets, while Ficci is an industry chamber.
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