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Maximum city needs to carve ultra-low tax zone to better compete at global level: Jay Kotak
The 31-year-old Kotak said attracting capital is very important for the financial capital s future and suggested carving out a small area within the city which will have lower taxation rates.
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MUMBAI: An ultra-low taxation alternative needs to be given to local companies to help the financial capital compete better with cities like Dubai and Singapore, Jay Kotak, son of veteran banker Uday Kotak, said on Wednesday.
The 31-year-old Kotak, who works as an associate vice president at Kotak Mahindra Bank, said attracting capital is very important for the financial capital s future and suggested carving out a small area within the city which will have lower taxation rates.
Jay Kotak Calls For An Ultra-Low Tax Zone In Mumbai
Feb 03 2021, 7:31 PM
February 03 2021, 7:31 PM
February 03 2021, 7:31 PM
An ultra-low taxation alternative needs to be given to local companies to help the financial capital compete better with cities like Dubai and Singapore, Jay Kotak, son of veteran banker Uday Kotak, said on Wednesday.
An ultra-low taxation alternative needs to be given to local companies to help the financial capital compete better with cities like Dubai and Singapore, Jay Kotak, son of veteran banker Uday Kotak, said on Wednesday.
The 31-year-old Kotak, is an associate vice president at Kotak Mahindra Bank, said attracting capital is very important for the financial capitalâs future and suggested carving out a small area within the city which will have lower taxation rates.