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PATRICK PANG
Mass exodus at Apple: Why AI chief, policy boss, design head all walked out in 3 daysApple executive departures: A significant exodus of top Apple executives, including AI and design leaders, has occurred recently, continuin...- View: This absurd new tax can permanently damage India's reputationTo complete the travesty, the new levy would be in addition to the securities-transaction taxes and capital-gains taxes already paid on sec...
- Retain benefits for FPIs in Indo-Singapore tax treaty: ASIFMAHong Kong-based ASIFMA also said that India's tax system is "complex" and "operationally burdensome" to comply with.
- Foreign portfolio investors approach government to iron out Singapore Treaty, GAAR issuesOn the other hand, if exemption is retained, FPIs will still have the uncertainty concern of not knowing if it satisfies GAAR from April 1.
- London based Investment Association, ASIFMA seeks to be party in Castleton case over MATThe income-tax department issued notices to FPIs asking them to pay MAT for prior years, prompting worries about an arbitrary tax regime.
- Sebi backs foreign portfolio investors, raises concern over impact of MATThe regulator has said that the fear of MAT has rattled many offshore investors and must be dispelled at the earliest.
- Bombay High Court stays tax notice to Luxembourg-domiciled FPI AberdeenOn Monday, some portfolio investors discussed the uncertainty caused by the MAT issue during a conference call organised by Deloitte.
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