Ramesh Callore 06 July 2019
The peak tax rates for super rich are now at 42.7%.
Does this become the new maximum marginal rate of tax ?
if so, then trusts (most of them) which were being taxed at MMR also will be taxed higher now ?
Is there any exemption from this given to pooled investment vehicles like Category iii Alternate Investment funds setup as trusts ?
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