P-note investors may shift to derivatives

P-note issuers see the equities' business as dwindling over time due to taxation

Ashley Coutinho  |  Mumbai 

A large number of investors coming into India through participatory notes (P-notes) are likely to switch from equities to derivatives as India’s tax treaties with Mauritius, Singapore, and Cyprus exempt gains made in derivatives’ space. “P-note issuers see the equities' business as dwindling over time due to taxation. Volumes are likely to shift from equities to derivatives,” said a tax consultant.    Changes to India’s tax treaties with Mauritius, Cyprus, and Singapore dropped tax exemption for gains made on shares. However, ...

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P-note investors may shift to derivatives

P-note issuers see the equities' business as dwindling over time due to taxation

P-note issuers see the equities' business as dwindling over time due to taxation A large number of investors coming into India through participatory notes (P-notes) are likely to switch from equities to derivatives as India’s tax treaties with Mauritius, Singapore, and Cyprus exempt gains made in derivatives’ space. “P-note issuers see the equities' business as dwindling over time due to taxation. Volumes are likely to shift from equities to derivatives,” said a tax consultant.    Changes to India’s tax treaties with Mauritius, Cyprus, and Singapore dropped tax exemption for gains made on shares. However, ... image
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