“The fund has a tax shield there, no taxation in any matter. Investors are taxed in the home country. We have no withholding tax there. Payment to vendors is also not a challenge. It becomes smoother.”

The Core Report · #1012 More Oil Flowing From Middle East Than Before War

Play from 24:09
24:09

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What was described

relocated the master fund of the Artha Global Multiplier Fund to the Abu Dhabi Global Market to obtain a tax shield and avoid withholding tax

$110 million fund size; 42% marginal tax rate in India; 0% tax in Abu Dhabi

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