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UK EXIT TAX
Quadria, PE funds eye stake in Samarth Lifesciences; deal may value firm at Rs 4,500 croreQuadria Capital is eyeing a strategic acquisition of a majority interest in Samarth Lifesciences, a move that could value the transaction a...- Britain tries to fix its frayed relations with world’s richBritain's finance minister is attempting to halt a wealth and brain drain by curbing the most punitive effects of scrapping the non-dom tax...
- UK expects bigger non-domicile tax take despite billionaire exitsThe UK government expects higher revenues from its overhaul of the non-domicile tax regime, even as more ultra-wealthy individuals leave th...
- UK business minister admits worry over billionaires leaving amid tax rise concernsBritain's Business Secretary Peter Kyle is worried as wealthy individuals, including Indian billionaire Lakshmi N Mittal, plan to leave the...
- Squeeze the super rich? Flight of 'Lakshmi' is the riskBillionaire Lakshmi Mittal's move from the UK to Switzerland and Dubai signals a broader European challenge in taxing the super-rich. His d...
- Wealthy British Indians join exodus amid tax and policy concernsWealthy British Indians are relocating abroad, with Dubai emerging as a popular destination. High taxes, deteriorating public services, and...
- UK retailers demand return of tax-free shopping for touristsBritish retailers are pushing Finance Minister Rachel Reeves to reinstate tax-free shopping for tourists. They argue this could significant...
- Millionaires may exit UK in record numbers after non-dom tax shake-upThe United Kingdom may witness a significant departure of wealthy residents. Around 16,500 millionaires are expected to leave in 2025. This...
- UK may rethink non-dom inheritance tax as wealthy foreigners exitFaced with an exodus of wealthy individuals and pressure from the City of London, the UK government is reconsidering its recent inheritance...
- Heir to $27 billion Bharti fortune joins UK's wealth exodusShravin Bharti Mittal, an heir to a major Indian fortune and a key shareholder in BT Group Plc, has moved his residency from the UK to the ...
- As Dubai becomes the New Chelsea, brace for exit taxesThe UK currently relies heavily on its top earners for tax revenue, making their potential departure a concern for public funding. A UK exi...
- Capital gains tax relief likely for investors exiting startupsAfter giving investors and entrepreneurs relief from the so-called angel tax, the government now wants to encourage startups and is examini...
- Opponents of Brexit give government 14 days to publish impact studiesThe UK’s talks with the EU have reached a deadlock, increasing the risk of a no-deal, which may cost as much as $15,000 per worker, accordi...
- GST is India's new tryst with destiny: CII President, Shobana KamineniTouted as the biggest taxation reform since Independence, GST, set to come into effect from July 1, will unify 16 different taxes including...
- Narendra Modi meets UK's new PM Theresa MayNarendra Modi and Theresa May held discussions on the sidelines of the G20 summit on "building opportunities".
- India might get fillip in slowing UK trade post BrexitTrade in services has also eased, but particularly for the information technology sector, about 17 per cent of India's service exports head...
- Deutsche Bank mulls UK exitDeutsche Bank has set up "working group" to review wheather to move bulk of its UK divisions to Germany if Britain were to exit EU followin...
- Indian Angel Network to make first UK investment in start-up SwiftShiftIAN is set to make an investment in UK start-up SwiftShift, a provider of software solutions, the British High Commission said.
- Piramal firm on Vodafone exit, telco may need new partnerVodafone’s issues regarding payment of nearly $3 billion tax on its original purchase transaction with Hutchison in 2007 linger
- India to decide on an exit policy after economic recoveryIndia will decide on an exit policy as soon as the economy is on a firm path to recovery, independent of other countries timetables.
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