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Tesla Motors will route its India investment through Dutch arm


Synopsis
Tesla Motors Amsterdam is the parent company for Tesla Motors and Energy India, indicating that the Elon Musk-led electric car maker has used the tax-friendly jurisdiction of the Netherlands to route its India investment.
Agencies
The first Tesla car to be made available in India will be the Model 3, the most affordable in Tesla s portfolio, with an estimated price tag of Rs 55-60 lakh.
US automaker Tesla has chosen the tax-friendly jurisdiction of the Netherlands to route its India investment. Tesla Motors Amsterdam is the parent company for Tesla Motors and Energy, India, the company’s incorporation documents showed. ....

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ETtech Morning Dispatch, 18 Jan 2021: Top Tech News To Start Your Day


ETtech Morning Dispatch, 18 Jan 2021: Top Tech News To Start Your Day
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Last Updated: Jan 18, 2021, 08:15 AM IST
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Synopsis
From Tesla taking the Dutch route for its India investments to James Murdoch and WhatsApp’s Will Cathcart pushing their India drive, here’s a look at the top tech news today.
ETtech
Good morning, ETtech reader.
Today’s newsletter is special, for it celebrates those startups that survived and thrived amid the ongoing pandemic.
Zerodha has emerged as the Startup of the Year for 2020, while Ludo King’s parent
Gametion Technologies has emerged as the Bootstrap Champ. MyLab has won the newly constituted Covid-led Healthcare award for creating PathoDetect, India’s first locally developed covid test kit. ....

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Tesla bucks trend, to route its India investment through Netherlands


Updated Jan 18, 2021 | 09:14 IST
Tax experts say that the Netherlands has been one of the top choices for US-based companies since it offers favourable tax rates, and has a strong intellectual property (IP) protection framework.
Representational image 
New Delhi: Electric car maker Tesla to route its India Investment through the jurisdiction of the Netherlands, which is tax-friendly, in an exception to the general trend. Tesla Motors Amsterdam is the parent company for Tesla Motors and Energy, India, the
Economic Times mentioned in a report citing company’s incorporation documents. This corporate structure in India would offer Tesla tax benefits related to capital gains and dividend payments, say experts. ....

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