Tax Parity for IFSC Funds to Help HNIs Avoid US Inheritance Levy
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Tax Parity for IFSC Funds to Help HNIs Avoid US Inheritance Levy

Wealthy Indians, betting on Wall Street, can use a fund vehicle GIFT City to escape the US inheritance tax-an unforeseen liability linked to offshore investments that many resident investors or their heirs are unaware of. However, such fund pooling entities-akin to regular mutual funds – formed in India’s financial centre for outbound investments by high…