Recent Indian tax developments in India may push some investors to shelve traditional strategies and consider other alternative locations such as Singapore for holding Indian investments. Ong Sim Ho and Chow Hoe Keong of Drew & Napier discuss that tax treaty abuses and legislative changes have caused reactive changes to the status quo, and these developments will eventually reshape existing investment strategies into India.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year