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View Full Version : India Cuts Tax on Overseas Borrowing to Lure Capital Flows - Bloomberg



NewsWhore
09-21-2012, 07:10 AM
India Cuts Tax on Overseas Borrowing to Lure Capital Flows (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGp1McB2e6-fxEmNaP_CeHlBRp-UA&url=http://www.bloomberg.com/news/2012-09-21/india-lowers-tax-on-overseas-borrowing-to-lure-capital-inflows.html)
Bloomberg
The so-called withholding tax, a levy on interest earned by overseas investors in foreign-currency bonds, loans issued by Indian companies was cut to 5 percent from 20 percent, the Finance Ministry said in a statement in New Delhi today. The reduction ...

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