
USIBC partnered with @KPMGIndia to convene a virtual roundtable on ongoing tax disputes arising from offshore fund transactions. KMPG experts covered:
- Context of the controversy;
- Synopsis of the January Supreme Court of India decision holding that capital gains tax was payable in India on Tiger Global’s 2018 exit from its investment in Flipkart; and
- In-depth analysis and impact of new circulars from the Ministry of Finance.
We then discussed collective next steps to preserve investor confidence by advocating for exit stage tax certainty.
#USIndia #InvestorConfidence


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