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

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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