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Hi Yegy,
I have no clue as to what tax Americans will have to pay if they make a profit on Indian shares. But, surely that wouldn't be my primary concern as an investor. I am happy to pay tax, since I make money. For Indians like me the tax on short term (holding period less than 1 year) capital gains is a maximum of 33% and long term (1 yr or more)just 10%. To make it even more appealing this year, all shares bought after 1st March 2003 and held for 1 year, are entitled to NO TAX at all if sold at a profit.
Simply put, I first try to buy shares that can show me a good profit.
Then, I pay tax according to the laws of the country. Period.
India is changing, Yegy. Slowly, but surely. I think you can guess what I mean ;-)
Regards,
Carlos.
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