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Impose Exit Tax on fleeing rich

Impose Exit Tax on fleeing rich
Impose Exit Tax on fleeing rich
Bharat Jhunjhunwala
Consultancy company Henley and Partners assists the rich to migrate from one country to another. It has said that the numbers of rich wanting to migrate out of India have increased by 63 percent in 2020. Certainly there is contribution of the Covid pandemic. However, in 2018, before the pandemic, the Afro Asian Bank in its Global Wealth Migration Review reported that 15,000 rich persons migrated out of China, 7,000 from Russia, 5,000 from India and 4,000 from Turkey. Three of these four countries namely, China, Russia and Turkey are dictatorial in their political setup. We may speculate that the out migration from these countries could be due to political suffocation. The inclusion of democratic India in this list is ringing a danger bell for us. On the other hand, the destination of the rich was 12,000 to Australia, 10,000 to the United States, 4,000 to Canada and more importantly 100 ....

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It's time to impose an exit tax on the rich and educated who're fleeing India, says Bharat Jhunjhunwala

It's time to impose an exit tax on the rich and educated who're fleeing India, says Bharat Jhunjhunwala
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

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LCR Capital Partners Deepens Financial Capability by Hiring Shilpa Menon as Senior Director in India

LCR Capital Partners Deepens Financial Capability by Hiring Shilpa Menon as Senior Director in India
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WESTPORT, Conn., May 5, 2021 /PRNewswire/
LCR Capital Partners is excited to announce Shilpa Menon, CFA, has joined as Senior Director for India. Shilpa brings over a decade of financial services experience and will be responsible for leading LCR s shift from focusing on selling EB-5 projects to being an advisor to High Net Worth families looking to move, expand or invest overseas.
Shilpa Menon
Shilpa joins LCR from Avendus Wealth Management, where she served as Vice President of Products and Advisory. There, she was in charge of offshore solutions for HNWIs and worked with international stakeholders to launch the firm s first-ever line of global investment products. With a passion for well produced content, she brings a consultant s approach to financial services and an eye for innovation. ....

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US visa services firm hires senior director for India

She will shift the firm’s focus to include advising high net worth families
Private investment and advisory services firm LCR Capital Partners has hired Shilpa Menon from Avendus Wealth Management as part of its push into the high net worth (HNW) space.
In her previous role, vice president of products and advisory, Menon was in charge of offshore solutions for HNWs and worked with international stakeholders to launch Avenudus’ first line of global investment products.
At Connecticut-based LCR, as senior director for India, Menon will be responsible for leading the shift from focusing on selling EB-5 projects to being an adviser to HNW families looking to move, expand or invest overseas. ....

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