Over 53% of offshore Indian wealth now held in Asian tax havens

14 September 2017 | 2 minutes read

Wealthy individuals in India are using Asian jurisdictions, including Hong Kong and Singapore, as tax havens instead of Switzerland, according to newly released data. Over 53% of offshore Indian wealth is held in Hong Kong, Macau, Singapore, Malaysia and Bahrain, while the proportion of wealth booked with Swiss banks has fallen from 58% to 31% over the past decade, according…

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