Money managers call for tax cuts to slow foreign outflows
In short
Money managers are asking for tax cuts to stop foreign investors from pulling money out. They say removing capital gains tax could improve the returns foreigners get after tax.
They believe this could make India more attractive in portfolio decisions and help slow the outflow.
What the reporting says
Money managers pushed for tax cuts to stem foreign portfolio outflows, arguing that removing capital gains levies could improve after-tax returns for foreign investors. Asset managers said the tax change would matter in portfolio allocation decisions.
Why it matters
Money managers are pushing for tax cuts to stem foreign portfolio outflows, saying removal of capital gains levies could improve after-tax returns for foreign investors. Asset managers cited after-tax returns as an important part of portfolio allocation decisions.