Will Nifty keep going up forever? Uday Kotak shares a Japanese lesson

To create a sustained growth story from hereon, Kotak said unless we avoid tax arbitrage in debt and unless debt markets grow it will be a one-legged race. “The current gap on the highest marginal tax rate between debt and equity of 39% and 10% is perhaps too wide,” he pointed out, while also recommending that the government must relook at double taxation on dividends.

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