India this month imposed a levy on its companies’ share purchases. The proximate motive was to close a loophole after introducing a dividend tax two years back — to ensure that companies pay something no matter how they return cash to shareholders. India’s practice of taxing markets started at least 15 years ago when it put a duty on most financial transactions, a measure that European politicians have also been looking at.
Offering shareholders an income stream, via dividends or buybacks, is part of the inherent obligation of a publicly listed company, Shah said. So taxing that hurts entrepreneurialism and ultimately the investment that policymakers want, he argued. Regardless, India’s 20% levy on buybacks went into effect after the annual budget was passed July 23. Some businesses had already abandoned plans for share repurchases after the Modi administration announced the plan on July 5.A long-term capital gains tax of 10% on a stock appreciation of more than 100,000 rupees A 10% tax on dividends paid out by equity mutual funds
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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BUSINESS MAVERICK: Naspers’ Amsterdam listing elicits taxing questionsA kerfuffle has broken out among asset management companies about a scheme to avoid the immediate payment of capital gains tax in the process of Naspers’ listing in Amsterdam. Some say it’s tax avoidance rather than tax evasion. Others say it’s risky and opens shareholders to a tax challenge, so they are advising their clients to not do it. It shows Naspers shareholders face more than one tricky choice they should consider carefully.
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Business Maverick: Boris Rebranded: The Making of Britain’s Prime MinisterIn a luxury hotel in the heart of one of London’s most expensive neighbourhoods, Boris Johnson celebrated his victory in the race to become U.K. prime minister on Tuesday night. I see a movie coming...
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Business Maverick: South Africa’s power conundrum – a debt manager’s viewFor Eskom, growth in electricity demand is no longer an issue, as electricity sales have fallen over the last 10 years due to consumption having become more efficient. The problem today is different – Eskom has the capacity to meet demand but is unable to do so because of units that are either being maintained or have stopped working after years of lack of maintenance.
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Business Maverick: Blunders 149 with VestactThis week: No Frills Supermarket discovers corpse in the cold storage area; the world needs meat-based vegetables; the 'Lunch with Warren Buffett' event is not going well this year; this drug trial makes me sick.
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BUSINESS MAVERICK: Anglo American shows the market the moneyAnglo American was the only global diversified miner not to have initiated share buybacks or special dividends in the previous reporting period. The group’s payout ratio also ranked poorly alongside its peer group. That all changed on Thursday 25 July when Anglo announced it will return $1.8bn to its shareholders. The company has been cashing in on the reigning iron ore price. But this windfall will come to an end. And then what? DURITZ79 Thank you weak Rand
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