Mumbai, Dec. 12 -- Certainty of taxation and strong regulations, that prevent flow of funds from India, has differentiated the GIFT CITY from other hubs, according to Dev Sampat a co-founder of Dovetail Capital Investment Management.
"Certainty of treaty or certainty of taxation is what one brings or differentiates GIFT from a lot of other jurisdictions. Some of these jurisdictions don't even have that benefit,'' according to Sampat. "Cayman does not have any treaty with India, but GIFT does, which also brings the certainty of treaty per se."Simultaneously, strong taxation and regulatory frameworks have prevented a significant flow away from India, Sampat said.
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