The U.K. will soften some planned changes to its non-dom tax rule following concerns of a millionaire exodus, allowing non-doms to bring money to the UK without significant taxes. Finance Minister Rachel Reeves confirmed the amendment to the Finance Bill at the World Economic Forum in Davos, reassuring overseas investors that double-taxation agreements will not be affected. The Treasury stated that the tweaks aim to encourage non-doms to bring funds to the U.K. while ensuring the reforms do not impact tax revenue forecasts.
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RBI policy decision, FII trends to steer stock markets this week: Analysts
SummaryMarket analysts anticipate that the Reserve Bank of India's upcoming interest rate decision, along with key macroeconomic data and trends from Foreign Institutional Investors (FIIs), will significantly influence equity markets this week. The RBI's Monetary Policy Committee meeting on June 6 and updates on economic indicators like auto sales and the monsoon's progress will be closely watched. Despite recent market declines, expectations of a 25 bps rate cut could boost interest rate-sensitive sectors, contingent on...
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