inheritance tax

How UHNI families can use succession planning to safeguard their enterprises from tax consequences

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How UHNI families can use succession planning to safeguard their enterprises from tax consequences

Ultra High Net Worth (UHNI) families face many challenges when it comes to succession planning. Beyond ensuring a smooth transition of ownership and leadership, they must also see complex tax implications that can significantly impact their wealth. Effective succession planning can help UHNI families minimise these tax consequences and protect their enterprises for future generations. … Read more

Wealth tax: IMF’s Gita Gopinath flags wealth tax concerns, says better implementation of capital income taxes needed

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Wealth tax: IMF’s Gita Gopinath flags wealth tax concerns, says better implementation of capital income taxes needed

International Monetary Fund’s (IMF) first deputy managing director Gita Gopinath said that the global body prefers a progressive tax structure. In an interview, Gopinath, who is in India, said there should be better implementation of what’s there in terms of capital income taxes, property taxes can be encoded into the tax system properly. “With wealth … Read more

A study pitches for reintroduction of wealth tax to address inequality

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A study pitches for reintroduction of wealth tax to address inequality

In order to address the rising inequality in the country particularly amid the COVID-19 pandemic, a study has pitched for re-introduction of wealth and inheritance tax and provide incentives on them for charitable donations. The study carried out jointly by Ashoka University and think tank Centre for Budget and Governance Accountability (CBGA) has observed that … Read more