Tiger Global tax ruling to hit startup exits2 min read . Updated: 04 Jun 2020, 01:10 AM IST
At least four rulings by AAR, including one against PE giant Tiger Global on their Flipkart exit, has labelled investment through Mauritius as tax avoidance and thus not eligible for treaty benefits
MUMBAI : US private equity firm Tiger Global’s capital gains tax setback on Tuesday is the latest in a series of disappointments for foreign investors who have routed money through Mauritius, with the tax authorities denying benefits under a tax treaty they suspect is being abused to avoid tax.
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