Author: Raoji

2/n
Threfoe cannot conclude that global investors hunt for growth and do not care for taxes.
2. China argument is all wrong- For many years foreign nvestors could not buy local stocks anyway so the logic that people invested in China despite high tax on stocks is also wrong

— Samir Arora (@Iamsamirarora) January 9, 2018

4/n
Mauritius and Singapore treaties made India rules similar to that for other countries – i.e. no tax on foreign investors. Except that in other countries one need not go through any 3rd country to pay zero tax.

— Samir Arora (@Iamsamirarora) January 9, 2018

6/n
Capital gains tax collection will be cyclical – when economy/mkt is good you will collect more but in bad times when money really needed by govt collections will be less
STT is more like an annuity with steady growth and steady streams of income are always more valuable

— Samir Arora (@Iamsamirarora) January 9, 2018

8/n
Fairness is already there as everyone pays STT. in the end some make money/some lose but before investing no one knows who will make/lose. STT is akin to everyone buying insurance against need for paying taxes later.
Big investors pay more as they pay higher amount of STT

— Samir Arora (@Iamsamirarora) January 9, 2018

10/n
Indirect tax/direct tax is all bogey.
STT is a direct tax on the investors (collectively).

— Samir Arora (@Iamsamirarora) January 10, 2018