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"Several Indian fintech startups domiciled abroad are considering shifting their base to India, investors and startup founders said, as they seek to gain regulators’ confidence and prepare for public markets."
livemint.com/companies/news…
"Several Indian fintech startups domiciled abroad are considering shifting their base to India, investors and startup founders said, as they seek to gain regulators’ confidence and prepare for public markets."
livemint.com/companies/news…
"Despite the hefty tax bill on such shifting, more sectors such as consumer tech and health tech may consider a similar move in the near future, they said."
"Regulated entities are likely to move to India to scale their businesses by complying with regulations and aligning their interests with the regulator’s policy intent, while consumer companies may relocate to take advantage of India’s attractiveness, especially while listing.."
"software companies may not shift given their US focus,Srinivasan added..Indian tax laws are designed to be tough to prevent evasion,while US focuses on facilitating business growth.Unless India eases tax law laws & creates a level playing field, software companies may not move"
"Corporate tax rates aren’t significantly different between India and the US; however, actions such as share swaps attract capital gains taxes in India but not in the US. Similarly, US funds can distribute shares to their limited partners without capital gains liability."
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