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Taxing FIIs not good for markets: JP Morgan

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  • Published On: March 28, 2012
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Sajid Chhinoy, economist at JP Morgan says plans to tax FIIs inflow via participatory notes will harm the markets. Surjit Bhalla, chairman of Oxus investment says high taxes on FIIs will keep them away from markets. The Centre should consider implementation of GAAR considering the interests of foreign investors.
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