The Great Inequality Debate

Introduction Simon Kuznets’ seminal 1955 study on income inequality is famous for the inverted ‘U’ hypothesis1 which posits that as an economy develops, inequality first increases and then decreases if a certain level of income is achieved. In his study, Kuznets writes that the study of income distribution “has been plagued by looseness in definitions, unusual scarcity of […]

Lack of harmonisation in taxation of investment vehicles

Clarity on the taxation of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) as introduced in the Union Budget 2014-15 will benefit the asset management industry in India. However, the lack of uniformity in tax treatment of different investment vehicles continues to be a matter of concern. These investment structures serve the same […]