Super Rich Tax
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Elon Musk Sells About 930,000 Tesla Shares Worth $1.1 Billion
Tesla CEO Elon Musk sold approximately $1.1 billion (roughly Rs. 8,190 crore) in shares of his electric car company, after indicating over the weekend he would sell 10 percent of his stock based on the results of a Twitter poll.
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Opinion: Super Rich Tax - A Bad Move Now Being Made Worse
There is, in principle, nothing wrong with richer people paying a bit more in income tax. But when, in her budget speech, Finance Minister Nirmala Sitharaman raised the surcharges on the super-rich, those taxpayers with an annual income of more than Rs 2 crore, it was - like much else with this government - badly thought through.
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Super Rich Tax Rate Still Lower Than In US, China: Finance Ministry
Justifying the raising of tax incidence on super-rich, the finance ministry said the highest tax rate in India was still lower than many countries, including the US and China, and it was a worldwide phenomenon to ask the super rich to pay extra tax.
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Super rich hold $32 trillion in offshore havens
Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.
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Elon Musk Sells About 930,000 Tesla Shares Worth $1.1 Billion
Tesla CEO Elon Musk sold approximately $1.1 billion (roughly Rs. 8,190 crore) in shares of his electric car company, after indicating over the weekend he would sell 10 percent of his stock based on the results of a Twitter poll.
-
Opinion: Super Rich Tax - A Bad Move Now Being Made Worse
There is, in principle, nothing wrong with richer people paying a bit more in income tax. But when, in her budget speech, Finance Minister Nirmala Sitharaman raised the surcharges on the super-rich, those taxpayers with an annual income of more than Rs 2 crore, it was - like much else with this government - badly thought through.
-
Super Rich Tax Rate Still Lower Than In US, China: Finance Ministry
Justifying the raising of tax incidence on super-rich, the finance ministry said the highest tax rate in India was still lower than many countries, including the US and China, and it was a worldwide phenomenon to ask the super rich to pay extra tax.
-
Super rich hold $32 trillion in offshore havens
Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.
