homepersonal finance NewsBudget 2023 | Alchemy Capital's Hiren Ved stresses on the need for stable tax regime
Budget 2023 | Alchemy Capital's Hiren Ved stresses on the need for stable tax regime
Hiren Ved, CEO, Director and CIO of Alchemy Capital, highlighted the importance of a stable and predictable tax environment in attracting and maintaining international investment in the Indian economy. As the country continues to navigate the current economic climate, policymakers and business leaders alike should keep this in mind.
As the countdown to Budget 2023 begins, expectations from all sectors have started to come to the light. While sharing thoughts on the current state of the Indian economy and the impact of tax policies on international investment, Hiren Ved, CEO, Director and CIO at Alchemy Capital, stressed on the need for a stable tax regime in order to attract and retain international investment.
In an interview with CNBC-TV18, Ved emphasized the importance of tax regime stability in sending a positive signal to the international investor community. He noted that while a change in interest rates may be problematic, a change in tenure may be received better by the market.
Ved also pointed out that the market is a mechanism that discounts both good and bad news, and any tax rate change will ultimately be digested by the market.
Also Read | Budget 2023 may see reduction in income tax rates — more reliefs likely for the middle class
Nilesh Shah, MD of Kotak Mahindra AMC also spoke with CNBC-TV18 about the potential benefits of SME listing taxation. Shah believes that this approach will lead to further savings for businesses and investors alike.
In addition to the financial benefits, Shah also suggests that SME listing taxation could be used to plug loopholes in various financial instruments. By closing these loopholes, the government could effectively reduce ethical tax loophole reduction and create a more equitable system for all.
Also Read | Tax-saving investment — How to avail benefits under National Pension System and steps to open it
Despite the potential benefits, Shah acknowledges that implementing SME listing taxation will not be without its challenges. However, he believes that the long-term benefits make it worth striving for.
Shah suggests that the government should take a proactive approach in working with SMEs to understand their needs and concerns and to find ways to implement SME listing taxation in a way that is fair and beneficial for all parties involved.
For the entire discussion, watch the accompanying video
(Edited by : Anshul)
First Published: Jan 20, 2023 5:40 PM IST
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