Ambani, Adani, Tata Will Move to Dubai if India Imposes Inheritance Tax: A Closer Look
The prospect of imposing an inheritance tax in India has sparked intense debate, with political economist Gautam Sen warning of dire consequences should such a measure be implemented. Sen's insights shed light on the potential repercussions, particularly for India's wealthiest individuals, including the likes of Ambani, Adani, and Tata. According to Sen, the imposition of an inheritance tax could prompt India's super-rich to relocate their bases to tax havens like Dubai, where they can evade hefty taxation. This exodus of wealth could significantly impact India's economy, leading to a substantial loss of revenue. Sen's analysis draws parallels with Sweden's experience, where the removal of inheritance tax resulted in increased economic growth and wealth retention. He argues that redistributive measures, like an inheritance tax, could disrupt economic stability and deter investment, ultimately harming the country's progress. Furthermore, Sen critiques the fea
