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by SmileyRedBall
2523 days ago
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@JumpCrisscross: "A portfolio of stocks and bonds held in a Mauritian entity costs a few tens of U.S. dollars of extra accounting costs to do taxes on a year; a portfolio in India held by a foreigner can easily cost hundreds of dollars for an American investor to comply with." Yea, it's got nothing to do with extracting the maximum amount of revenue out of the host country whilst managing to avoid giving anything back in taxation :] |
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I’m comparing accounting costs. Both paid to the same offshore accountant. Indian tax codes are complicated and unpredictable. Mauritian ones are not. As an outsider, simplicity wins. (I’d gladly pay a higher foreign tax rate if it meant simpler paperwork.)