Funds Archive

Funds raise concerns over tax rules

Posted July 14, 2015 By stoccato
Representatives of investment funds raised concerns over the nation’s tax regimes in a recent meeting in New York, saying that income tax regulations were hindering them from promoting investment.

Current tax policy discouraged investors to put money into private equity funds and also limited the accessibility of capital in these funds, they said.

Foreign individual and organisational investors (along with domestic individual investors) are imposed a tax of 0.1 per cent on every fund transaction, while domestic organisations are only required to pay a tax of 25 per cent on actual capital gains and domestic individual investors only 20 per cent.

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