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Indian Angel Investors Get Tax Relief

Indian Angel Investors Get Tax Relief

May 28-June 01. 2018India’s Income Tax Department has abolished the so-called “angel tax” for investors in startups who meet certain conditions. The tax has been hotly debated by startups since it impeded getting much needed capital at the seed stage. As per a notification issued on May 24, Indian angel investors are now exempt from tax on investments in startups where the face value does not exceed Rs10 crore (approximately US$1.5 million) inclusive of paid-up capital and share premiums.

Investing Through Borders

Investing Through Borders

April 09-13. 2018Last week, business circles in Mumbai were abuzz with the news that the real estate billionaire Surendra Hiranandani had obtained a Cyprus citizenship and relinquished his Indian one. Before anyone could say ‘live tax-free’ he was quick to clarify that the reason he was leaving the shores was the ease of travel a European passport afforded, providing quick entry to most countries in the world. Of course, issues brought upon by the increasing government pressures on the real estate business - last year the government implemented in full the Real Estate (Regulation and Development) Act, 2016 (RERA) - were a considerable factor in that decision.

Investing Through Borders

Investing Through Borders

Last week, business circles in Mumbai were abuzz with the news that the real estate billionaire Surendra Hiranandani had obtained a Cyprus citizenship and relinquished his Indian one. Before anyone could say ‘live tax-free’ he was quick to clarify that the reason he was leaving the shores was the ease of travel a European passport afforded, providing quick entry to most countries in the world.

Impact of U.S. Tax Reform

Impact of U.S. Tax Reform

The recent overhaul of the U.S. tax code opened the door for wealthy families to potentially rework their estate plans in a number of ways. The Tax Cut and Jobs Act doubled the estate, gift and generation-skipping transfer federal tax exemption to $11.2 million for an individual and $22.4 million for a married couple starting in 2018.

The Shifting Regulatory Landscape

The Shifting Regulatory Landscape

The regulatory landscape has shifted dramatically in recent years following the introduction of the U.S. Foreign Account Tax Compliance Act or FATCA and the global Common Reporting Standard (CRS). The aim of FATCA, which became effective in 2014, is to prevent U.S. taxpayers from evading taxes via offshore accounts. FATCA requires foreign financial institutions to report to the IRS information about overseas accounts held by U.S. taxpayers or by foreign entities in which they hold a significant ownership interest. More than 100 countries have agreed to comply.

Choosing a Jurisdiction

Choosing a Jurisdiction

Choosing an offshore jurisdiction goes well beyond tax advantages. “A lot of people think it is tax driven in today’s world but it is protection and safety first,” says Mr. Stover. At this point in time most families are looking for stability and safety as it relates to the financial markets, the family itself and risks, such as geopolitical, he explains.

UK Treasury to revitalize innovation through big tax breaks

UK Treasury to revitalize innovation through big tax breaks

March 12-16.2018There is a clear push being given to funds willing to back innovative businesses which would require time, effort and research to fructify. The Treasury wants to take British endeavour into new fields. Addressing the British Parliament, Budget Chancellor Philip Hammond categorically emphasised that, “ Our Modern Industrial Strategy sets out our plan to keep Britain at the forefront of new technologies.With the biggest increase in public R&D spending for four decades.”

Hambro Perks opens doors to retail investors

Hambro Perks opens doors to retail investors

February 12-16Hambro Perks is no stranger to looking at the new, whether it’s start-ups or a new way to put money to work. The Rupert Hambro and Dominic Perks- run investment house has given an invitation to the public to join its Enterprise Investment Scheme (EIS) fund. It would help retail investors make tax-efficient investments in companies that Hambro Perks is also investing in. The fund will majorly look at five sectors (which Hambro Perks believes that it has a fair understanding of) - fintech, insurtech, digital media, healthtech and edtech. The company so far was making investments exclusively from its own £25m private fund. “They are all areas which are in a state of change,” said Hambro. “So many developments have been happening in education, while the NHS is crying out for help.” And bringing in a larger number of stakeholders ensures that the right sums can be made available for ideas which will make a difference.

The US Tax reform BEATs down renewable energy

JANUARY 15-20In their joint letter to the Senate in November’17 clean energy groups had raised alarm at the impact of the Base Erosion Anti-Abuse Tax (BEAT) provision.

Spotlight on China

Spotlight on China

There are several factors currently at play impacting how the wealthy in China are approaching taxes and jurisdictions.

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