@1shankarsharma Sadly, since they are Indian residents, not one I repeat, not one has the cojones to call it
Even if they do, it’s a pathetic lament without tagging the powers that be
Respected @nsitharaman ji and @FinMinIndia ,
Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.
A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.
India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.
The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.
Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.
India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.
Respectfully submitted.
Milind, you forgot to include the "informal tax": shit infrastructure, polluted air, polluted water, corrupt & inept civic bodies and police force, extractive and corrupt bureaucracy and politicians who get freebies and still want more.
Read the room.
@beatsinbrief That’s only half the truth. What’s the import duty on a Tesla? If ur was manufactured here what would the cost be?
You are not comparing apples with apples
@IndianGems_ Nothing less than the death penalty for them. Food scams are becoming passé in India and have to be stopped
Selling Oreo’s means they were selling to children
@fssaiindia@PMOIndia@DelhiPolice
Helle Lyng never questioned Bangladesh on the Human rights violations of the Hindus.
Helle Lyng never questioned Palestine on the Human rights violations of the Israelis.
Helle Lyng never questioned ISIS on the Human rights violations of the Yazidis.
Helle Lyng never questioned America on the Human rights violations in Vietnam, Iraq or the Blacks.
Helle Lyng never questioned China on the Human rights violations of the Uyghurs.
Helle Lyng never questioned Iran on the Human rights violations of its women.
The moment Helle Lyng's bank balance fattened up, she suddenly remembered India !!
Christopher Nolan is not the one subverting the Odyssey—Brian L. Roberts is.
Roberts ✡️ is the Chairman and CEO of Comcast. Nothing gets done on the Odyssey movie without his approval.
Roberts is a Zionist Jew who competes in the Maccabiah Games in Israel—anti-Greek games honoring the Maccabean Revolt (167–160 BCE).
Roberts issues DEI mandates from the top. Anyone who accepts money from him must agree to follow his directives. Black Helen and trans Achilles are simply the implementation of Roberts' DEI protocol.
This is how Jews operate. They command subversion from behind the scenes while putting Gentiles out front to take all the blame, shielding themselves from public outrage.
Roberts is the "Jew Boss."
Nolan is the "Gentile Shield."