Business Standard

Tuesday, January 21, 2025 | 06:00 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Suit-boot nationalism

Taxing inherited wealth of foreigners of Indian origin offers a means to strike a balance between national interest and individual liberty, but it may not see the light of day

suit
Premium

Rathin Roy
The convenor of the Swadeshi Jagran Manch, (an economic policy platform affiliated to the Rashtriya Swayamsevak Sangh), Ashwani Mahajan, recently argued that foreigners of Indian origin should not be allowed to repatriate inherited wealth over the $1 million allowed under existing rules, as some influential people have been lobbying the government to do. I agreed with him. However, I dislike banning things, so suggested that all inheritance repatriation abroad should be allowed but taxed, putting the national interest first.

It is not desirable that wealth earned in India by Indians should be repatriated to foreign countries as inheritance, as this
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in