FM’s Big Bang Step On Offshore Fund Taxation
  • Elizabeth George
  • Sep 13 2013

September 13: The Finance Minister is moving to improve FII sentiment by addressing the key tax concerns of FIIs and fund managers investing in India. In an attempt to stop the exodus of fund managers, he says that location should not be a determining factor for taxation or treatment as business income. Bloomberg TV India asks Nishith Desai, Founder & Managing Partner at Nishith Desai Associates, to share his view on the move.