Why Are Indian Millionaires Leaving The Country? | Henley Private Wealth Migration Report 2023
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- Опубліковано 27 сер 2024
- The Henley Private Wealth Migration Report 2023 has revealed that around 6,500 Indian millionaires are expected to leave the country in 2023, which is however less than the number of millionaires who left the country last year, i.e., 7,500. The probable reason for this migration of millionaires is tax system, safety & security, good healthcare & education system, etc. Indian Economist Prof. Arun Kumar explains the Henley report in details.
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Indian tax payers do not get a fair deal in terms facilities like, pure drinking water, health care and educational facilities, care of the elderly etc.
Gujarat ka baniya Modi public ko loot raha hai 🧐
The same crooked rich are in the government as MLA ,M.P too that's why
@arwind sawant bas kar chamche😂
@arwindsawant8538 sab scam h.. Ayushmann card ab koi hospital accept nhi krra h
Ye aapki Baat nahi Kar Rahe, crorepati logo ki Baath chal rahi Hai.
It’s not just tax that makes them run. By that logic most of Western European countries should not have any millionaires.
Poor quality of life, rampant corruption, bad infrastructure incl. education & health are the key reasons.
Spot on Indian politicians of past and present have blatantly ignored these welfare schemes. I left 50+ years ago and follow Indian politics avidly. Indians just don't care about society and the benefits of improving everyone lives. Provide free contraception that's what my family did, take responsibility for yourselves. Stop arranged marriages which are a financial scam. Face reality
No Hindu Muslim conflict Bullshit
Also, beyond that, Constant mistreatment from govt offices, police, banks and courts. There is lack of human dignity.
@@Meru732 a person riding a cycle is low status and a person taking loan and buying car and begging for petrol money from friends, is high status, even indian society thinking is garbage
@@eggbenedict-gt7mw Forget society, I am talking about the harrassment of Indians by govt officers, agencies and police for no reason. People have too much uncertainty in their lives.
Left india 7 years back and i am very happy now I love dubai my home
Great Brother, I'm also planning
work honestly&hard there u will certainly progress there.
खुश रहना भाई हम तोह इंडिया में ही है पैसे नहीं है दूसरे देश में शिफ्ट होने के लिए
Great fully support it coming soon
Kyu jhooth bol rha hai bhai 😂😂😂
Even I would leave india if I become millionaire. Not just because of tax but tax terrorism regime by this government, mindless regulations, harassment by IT department.
if ur benglai u must be ashamed to do that
@@electrowizard2658who are u to tell him , does he date ur sisiter 😂😂😂😂
Yes bro
Any logical person do the same...I agree with you...
1 crore kamane wala kitna bhi kattar bjp supporter ho lekin end me wo bhi jayega bahar 😂😂
Only one statement that, whenever there is a Cocktail of "Religion and Politics", a country can never progress consistently under such circumstances.
Its not religion & politics... I can put it is different way.. it was very high in Cong days.. its coming down in BJP days
@@nirmalbhel3231 Bhaag saale
@@nirmalbhel3231 lynching hoti thi kya congress ke time par ?....that too khuleaam on road ??...bakwas mat kiya kar.
@@ageless1003 yess.... Peacefuls ka jihad ke waje se log chod rahe hai India ko
@@ageless1003 BJP kyon upar aya? BJP ko to koi vote nahi deta tha. Hindus kyon pareshan ho gaye. Kashmiri Pandito ke saath kya huwa. bengal me kutch districs me puja nahi kar sakte
"कुछ पढ़े लिखे लोगों ने गरीबों को लूटने के लिए एक संस्था बनाई है, जिसका नाम ‘सरकार’ है।" ~मुंशी प्रेमचंद
agar sarkar janta kliye kaam krti to kab ka aam admi ka living standard change ho jata sarkar ko sirf control chahiye jaise finacial control k liye dhurto k dwara bank bnaya gya or public k paise ko corporate ko loan dena bhut bda scam h ye mam...
sarkar hi choor hai -Pan Singh Tomar dialogue
True@@MrAtul1962
I paid 6 lakhs as GST last month and today I don't have money to buy Chair for me.
My profit margin is 10 % and out of it I pay 18% to govt as GST .
Aurr kholo business, government mai choro ki bharmari ko badhava do.
Sara desh Brahmin na lut liyaa dharam ka naam pa dhangaa karaka kud Brahmin na sara tax ka paisa lut liyaa desh ka.
@@Greatpeople13u are cent percent right.We have been mugged by them posing as operatives of Consumer court of India Delhi & Consumer Forum.
@@Greatpeople13 jai Vim 🤤🤤
The division between the rich and poor is gradually growing and perhaps it’s a reason why the HNI population is moving towards safe haven
that doesn’t concern HNIs. They’re already well off
As far as division concerned, it has become huge gap btwn rich and rest of the citizens especially in cities
@arwind sawant 🤣🤣🤣 Hindu is secular thats why Hindu wants all the other people to die. All chinese, muslims around the world and white people. everyone Hindu wants to kill.
Kuch bhi..
Yes i agree, the tax money is only used for politician's ayaashi
Prof. Arun is forgetting one critical thing. When someone pays higher taxes in those scandinavian countries, "THEY" get benefits in return. When someone pays taxes in India, they get nothing in return. A big "THENGA" (middle finger). Indian tax payer is juiced and money is used for freebies, statues, funding political campaigns and the list goes on. While social welfare for the poor is definitely needed, the lines between welfare and blatant freebie culture are now blurred.
As all things in the universe, everything turns towards equilibrium. We crorepatis don't want to just leave India without reason or to save out on black money. We are ready to pay taxes given they are used fairly and benefits the tax payer to any extent.
Great reply.
👍👍
income tax pays for nothing its GST which fills the government coffers
@@kaustubhraizada then where does the billions of income tax go?
@@phse6083
5289 nay detail meh EXPLAIN kar dhyia hai.
Yes.
Better time to quit india after having enough amount.
Stay with profesional personnel rather with illetrates and communals.
Yup . You are absolutely correct . I also have the same plan to apply for foreign universities and then leave this country once and forever . ❤
@arwind sawant lse lbs or oxford
Please go away.. we need to get rid of these type of people. So, that we can develop more with patriotic people.
Me to
@@sushil8424 hey sushil you are from Gujarat Gandhinagar
After paying such a huge taxes no improvement in health care system (forcefully you have to use private hospitals), no proper education services (no addmission without bribe ) and no security (anyone can harass you at anytime).
True, govt. is just taking tax to build some statues and PM foreign travels and branding. Nothing for common people. Funding for education is reduced by central govt.
Sahi kaha india ke millions ko return me kuch nhi milta
Even law and order bhi kharab hai
True despite all this Indians are busy producing babies. Culture demands having babies but then this culture does not demand basic facilities for their children
Yes. Exactly.
Pehle saheb apne matlab cheez banate h jaise parliament
भारत में सबसे बुरी स्थिति middle class की है, they pay direct and indirect taxes and get nothing in return. Lower class gets freebies and subsidies and same is the situation of Big Corporates and Industrialists. They also get huge subsidies from the government.
Ya this is absolutely right.
Yes, and middle class should definitely go other countries for better life and career opportunities.
At working days I paid six figure tax only to get a four figure fixed pension after retirement.)if that was not enough was deprived of taxpaid funds due to me in july 26th 2022. in just 18 hrs .
More will leave
.. If these illiterate rulers ruling the country
Those who voted this govt are leaving. Must be feeling shy 😅
@@sudinmauzo2419 Jis Desh ka Raja vyapari ho tho Janta Gareeb Banega ..
The more Indians leave the baby factories in India will prosper with a constant production of children. Indians have filled their land mass and now are filling up the West
@@sudinmauzo2419 they must be banned from immigrating
@@Om0369 vyapari kidhar hain fakeer aur chowkidaar hain 😂😂😂😂
If we didn't remove this government then we r encouraging more business men leaving our country
Abhi she to Adani,ambani ko bhagane mai lage ho..aur tumhare community ke sabshe jyada log ambani aur Adani mai kam karte hai...
@@ikaspatra4035 Just another WhatsApp University Graduate
@@SkSafowan you are what madarsa graduate 😊😊😅😅😅😂😂😂😂
@@ikaspatra4035they barely gives employment as compared to other company like tata. Mostly are government job which runs by taxpayers money not adani and ambani's money.
Agree
What about GST ? On many products/services it is too high, which everybody pays irrespective of his/her income. The poorest of the poor too pays GST even if he purchases a match box costing just 50ps. It is actually the politicians who are enjoying at the expense of tax payers money as they themselves do not do any business or job to earn money.
The same politician are the crore pati not a middle class working people.
@@vishalpatkar6819 Yes, absolutely.
@arwindsawant8538 Absolutely all rubbish. Country has already gone to dogs.
Taxation beyond 5% is theft.
The problem is that, large numbers of people are not paying the tax, although their annual income is taxable..
That put extra burden on regular tax payers
but everybody pays indirect tax in form of GST
If everyone pays Income tax the GST would come down . And GST or VAT is applicable in all countries apart from Income tax so let’s not hide behind GST and say people pay GST so they should not pay Income tax
@@toashishtyagi Abe ullu de patthe...who will ensure that everyone pays income tax ???...Panama papers yaad hai (Amitabh bacha, Aishwarya rai etc) Swiss bank account ki list Aaj bhi modi ke pass hai...it's government itself that doesn't want all people (specially rich) to pay income tax. Kyunki woh modi ko electoral bond ke thru chanda dete hain...how naive and stupid you are ??? Aur sun le...GST won't come down till the time government wants it. Sala doodh aur dahi par bhi GST. Next they will put GST on breathing as well.
@@toashishtyagi its not only about paying the tax its about what we get in the return. The corrupt politician does not developing the country the way they can with the tax they get from people
@@mohdsaifshaikh6071 exactly, there is mismanagement of tax money as well and such noobs think that we should keep pouring tax money to government
I have personally witnessed in my professional career that factory owners throughout India are coerced to give money to political leaders from BJP,Congress and regional parties ,also by the District Magistrates ,SSP (police), SHO (police).If business owners refuse to fulfill there criminal demands they are implicated in the false court cases,many business owners commit suicide every year after being ruthlessly tormented by these parasites. There is a long list of parasites that suck the blood of business owners in India. This is one of the most compelling reason why millionaires are leaving India, Prof Arun has been shrewdly evading this stark point in order to not to upset political bosses and save his pension
You need to shift to west Bengal or Karnataka then. Heaven for you...
You are right, that’s the truth about business owners being harassed
@@jitulvslife03 yes Karnataka was a 20%-40% comission system for every businesses but now the previous government is gone and the Congress party now working for the state to regain it's past glories. and for west bengal, it's one of the biggest contributor to countries gdp, It has a big IT industry in it's capital city and many more businesses are coming here, growth rate is slow but still it's progressing
@@arghyadeep5738 West Bengal had the highest per capita income among large states in 1961. It was India’s richest state back then; richer than Maharashtra even. In 2018-19, West Bengal was poorer than Chhattisgarh, an impoverished state. This stunning fall in West Bengal’s relative position is something political scientists have studied for a long time with multiple and contradictory theories on why and how the decline happened.
@@arghyadeep5738 honestly the corruption in india is mostly by Congress... BJP governance has made anti corruption law...
Mostly money looted by politician were by Congress..
The lifestyle what we are living even digital India is done by BJP not Congress..
KA may have local issues against BJP but Congress is not less to corrupt the state as NE states saw huge corruption and NO development under congress.
Tax का पैसा नेता अपनी सुविधा में खर्च करते हैं,
Not only that they outright hoard money for their future generations, so that their life will be easy. In India every politician thinks of himself and his family first, then his ruling state and then his country.
The Big companies have entered into small family business, like provision,vegetable shop etc .Today the poor can’t even educate their children, the fees has gone up , transportation.
If these poor people want to go where will they go?.
Even those who (NRI) want to invest in India find it very hard, you also corruption, black money dealing, religious issues, lives in fear of the situation.
Why do these NRIs pack stadiums in Western countries when PM visits. Bharat mata ki jai jingoistic slogans and Modi the star. Are people that stupid and ask themselves why are we in the West if Bharat Mata should be caring for your wellbeing like Western govts are doing for their citizens. How many foreigners seek asylum in India?
@@agnescraig2912ask them to come back to India then they will hide under their bed 😂😂
@@agnescraig2912 Paisa Bolta hai bhai.
Higher tax and corruption in india is the main problem. If anyone going to start any factory or business there is so complications for businessmen. I also frustrated from system.
Trying to do a genuine business is a crime in Bharat
सरकार के खर्च भी अब बहुत बढ़ गए है
RSS का पालन पोषण
VHP
बजरंग दल
हिंदू युआ वाहिनी जैसे देश भक्त
ग्रुप्स का पालन पोषण बहुत खर्च होता है ,, इलेक्शन के वक्त यही
दल दल काम आते है ,,
अभी मणिपुर में गुजरात मॉडल लागू
किया गया ,, जहा 40 दिन से ज्यादा हो गए ,, गुजरात मॉडल काम कर रहा है
अब उतराखंड में भी गुजरता मॉडल
लागू करना है ,, बहुत सारे बाजारों में मुस्लिम दुकानों वायपरियों को दुकान ऑफिस खाली किए गए ,,
तो सरकार को अपनी पॉलिसी लागू करने में तो पैसा लगता है ना ,,
इसीलिए नोट बंदी की गई ,
और लाखों करोड़ का देश की जनता को चुना लगाया गया ,,
अभी 2000 की नोट वापसी हो रही है
यह सब फोकट में तो नही होगा न ,,
कश्मीर फाइल , केरला स्टोरी जैसी फिल्म बनाने में भी धन लगता है ,,
2024 भी जितना है ,,
😮😮😮😮
और किताब में गैर मुस्लिमों को मारने के भी लिखा है।
rally, meetings,horse trading,freebies also
Nice ripot 🎉
आस्था कम होने का मूल कारण देश में सामाजिक माहौल खराब होना ही है। सरकार ही इसके लिए जिम्मेदार है।
Thanks to The Wire for not only doing Journalism and for creating next generation Journalists. 🙏
Not only crorepati but students n other people of diff. strata of society want to leave d country
1. Better living conditions n infrastructure
2. Getting btr emoluments for d same job
3. Benefits after paying all taxes
The main reason certainly is the inflation, the corruption, injustice, lawlessness by BJP. Also they've passed many unjust laws like against the farmers, the airports to be purchased by private owners, contracts to BJP affiliated businessmen, everything is being diverted to BJP and the Upper caste people, from the jobs posts to political posts. Above that they passed the EWS reservation which is only and only meant for Brahmins, whereas the other reservations are divided into thousands of castes, and it is not even sufficient as per their population. Whereas the EWS is like a huge 10% portion of the reservation lent to the small Brahmin population along with the general quota and sudama quota, and many Brahmins also enjoy SC OBC category in various states. Hence this BJP is the RSS led propaganda party, only aiming for Brahmin dominance which they obscurely call as Hindu rashtra. They're destroying the nation from every direction.
Many sc st and obc (my) caste people's thinks they are going to help us but I don't know why they don't understand that they only helps bramhins. Also the crimes against lower caste people by upper caste people have significantly increased in BJP's rule. Many will say it's fake but it's governments data and the actual number is way more than that. Also modi belongs from obc caste but technically he doesn't take any decision , it's like rss firing but the gun is on modi's shoulder.
See how they removed the term bramhin while mentioning godse in book. Why hiding it let people know. Also they removed chapters like Untouchablility where it shows how upper caste people sees lower caste people's. And matter in fact Untouchablility still being practiced pretty much all over India.
Many people says bramhins don't get seat in college but see now ews cutoff is far more low than obc cutoff.
Also whenever a upper caste person does crimes against lower caste people it's pretty much evident that justice won't get served. the cases like unnao where bjp tried to protect a rapist who raped a lower caste girl then police also torchered her father to give fingerprints on paper. Still so many lower caste people's supports them caz they thinks bjp will help them. Also media don't show the criminal side of majority upper caste people so many lower caste people unaware of it that's why they supports bjp. But the time they will understand it, it will be to late. 😢😢😢
Now I Realise The Hate against the Brahmans is Real , Every SC/ST Community people have got the reservations Since the Formation of the Constitution And still Most of them are Below the Poverty Line , The Reservation Should be Limited to The Poor People be it from Any Caste , If The Rich And Poor people get Same Preference through reservations Wouldn't it be Obvious that The Rich would Sit upon the Poor even if they are of the Same Caste , If You Want your People to uplift shouldn't the Poor Be preferred against the Rich ones ?
It's People Like You Who make me Support BJP even More And More Even when I Keep my mind open to Both Sides , You all Don't support the Opposition Cause You Like Them You all support them Cause You Hate BJP . Words From An Upper Caste Whose Grandfather was a Small Farmer While His Father is in Army .
@@adityaprakashsingh081 LOL, get educated, get some knowledge about what is reservation, what is caste discrimination, what is atrocity, who had 100% reservation since thousands of years. First complete your schooling and then get into conversation about politics.
@@rajZ772 I'm getting in to A College This Year and From What I See probably it's You Who Still Carrying your School-Knowledge of Reservation , Have you ever tried Questioning it ? You will Question even a Good Initiative by BJP but Blindly follow a System Which has been Producing a Failed Society, I Know Reservation was Made to Provide Equal opportunities and Compensate for the Atrocities to Certain Communities but is it serving that purpose ? The Rich are getting richer while the Poor are Still Poor , The Poor of the Lower Caste Deserve More than the Rich of the Same .
Great reporting
Keep it up 👍
Being one of the highly qualified (I'm currently at NASA) who is planning to not come back to India, I have seen many of my like. I can say for sure I've and am ready to pay even 34% tax with relatively low middle class income abroad. For that matter I was paying that at Oslo, Norway until last year when I was employed there in University in research wing. The main point is the socio-political and economical situation for highly qualified in India is pathetic. In scandinavia or many western countries which are societies that have higher scientific temper and rationality in society and politics, I personally feel more at home and easy to live. On top we get great benefits and returns from govt. and socities in terms of well being, better care for family and kids and better education and '0' social policing. People are basically migrating to places where they feel 'at home and comfy'. I would not want my next generations to live in a society where education and rationality takes a back stage and these days one can even get harmed for pointing out a rational/common sensical flaw. Its simple - I never chose india to be born - that was a chance event, but I can chose now where I feel home and settle before its too late and one gets stuck. People with money or brains who sadly only has that second choice and hence they migrate more.
Bhai Dil Jeet liya aur mooh ki baat cheen li (brother you won my heart and stole the words from my mouth ) i agree with every word you have said . I have also observed the same .
It's Not Modi Who Created This India Probably You left India when There was Congress Govt, India Would not Change in Just Some Years , Our Dear Congress Enjoyed No Competition for 60 years of Rule like The CCP except they Forgot to Implement the Correct policies and Bathed With Corruption, This Isn't a New Issue in India it's been like that since Independence it's only Had lessen over Time with our Global Soft Power Rising with Modi's Govt .
@@adityaprakashsingh081I left India in 1994 and never looked back. I live in Thailand and I visit India once a year. I find it to be a shit hole then and Now. Horns, garbage, insensitive people. Its just a sick nation. I go there to seem my old mom who cannot walk. After her, Goodbye to that country. I did not choose to be born there.
Bot
@arwindsawant8538 there is not point of having a fancy looking place filled with dumb ppl. I love a nice zoo with many good looking animals. But I wont build my home in a den with them right? The point is that quality of education and civic sense and civc liberties matter ..else it's a beautiful cage
Me too planning to go abroad in india there is no infrastructure, no proper development,full of curruption, BJP's dictatorship...very dirty street and many more...
Am originally from India- when my four year old would visit his granny his words were "poohi smells at Mumbai airport". At the time the hostess on the flight told her colleague shut the door but pls don't look out. So curiously I did just a sea of people defecating cheek by jowl
@@agnescraig2912 woo i never saw that u must be making up
Tax pe karne pr tax payers ko kuch nahi milega politicians ko rehene ke liye bade makan, cr. Ki gadiya or salary milgi unke bachhe foreign me sikhenge..hum yaha pe school fees, bus fee donation saara pay kare
Wao I thought I was alone. Cheers to those who are leaving. Moreever this country is crashing..wooop woop pull up.!!!!!.And stakeholders brainwashing its citizens with hopes of some trillion economy 😂😂😂..
Poor and youth too are trying to leave the country as thete is no scope for them. The millionaires are losing out to the billionaires who are hand in glove with the ruling party. Everyone is losing out in terms of money, land, health, mind, education and respect, to list just a few.
True
I agree with most of the things said in the video. I can only say why I left. I left because of mainly bad governance of the BJP government, lawlessness, corruption,, the environmental pollution and the general sub-standard of living. Not because of taxes. Not because of Profit. I've lost faith in our trajectory to prosperity, safety, liberty and happiness. I'm no HNI, i'm just an above-average software professional
Absolitky right.. taxes were always high in India but the current communal political scenerio in india, imposition of RSS Bajrangdal ideology on otherwise liberal prigressive indians, corruption, worst law-n-order (law makers are turning out to be GOONs ruling society, brijbhushan being latest case), shift of govt. frm progressive politics to caste comkunal politics, Hingh inflation, detoriating healthcare education suystem etc. are the main reasons why HNIs are migrating.
Rich people see what common ppl do not see. When they have money, they seek for better progressive place to live for their children n family.
Good for you. Just hope you are not the diaspora that left because of BJP and then go Modi Modi Modi when he makes his foreign trips.
@@mastkalandar3200because those people are either paid or member of any group related to bjp. Like there is hindu parisad at pretty much in every foreign country. And their members gets lucrative money just to make bjp outlook good. I mean some people who lives in foreign ssays modi have made India no 1 or will make. Then why don't they come back right 😂😂
@@mastkalandar3200 lol. Are you crazy? Why would I cheer for an uneducated sociopath
Didn't understand why you linked all those problems to BJP. Those problems were always prevalent in India. In fact things are getting better under BJP.
Main point being most of the tax money is wasted to appease and provide freebies to certain sections of the society.
ITS TOO COMPLICATED FOR ANDHBHAKT 😂😂😂😂😂 THAT'S WHY THEY GHOSTED IN COMMENTS BOX ..😅😅
What about boot lickers?
Funny thing is I have seen farmers having 60-70acres of land pay no tax. Where as a businessman pay tax for every penny he earns.
You cannot eat iron 😂😂😂😂, u need food
@@eggbenedict-gt7mwfarmers do pay taxes in other countries, gues what we just gave a tax loop hole for politicians to hide their money😅😂
Religion, castism, pollution, safety, corruption and many more. There are many reasons for an educated person to leave India and live better life abroad.
Sad but true 😢
टैक्स के मामले में घाटा तो नौकरी पेशा लोगों को होता है।
व्यापारीयों के पास काला धन होता हैऔर वही देश छोड़ने में माहिर हैं।
जो सरकार की मिलि भगत से ही संभव है।
Sarkari naukri wale ke pass kala dhan jyada he rishwat ko aapne nahin gina
@@vedpasricha3878 exactly 💯 🤬😈😤😤
"In the beginning of a Dynasty the taxes were low and revenue was great but at the end of the Dynasty the taxes were great and revenue was low". - Ibn Khaldun -
In India revenue were never great
Prof Arun Kumar is a national treasure
For the ultra rich India is a heaven ... but for the normal rich its a nightmare
Some of the reasons for HNI leaving India is that they are not getting a fair return for the high taxes they are paying. In foreign countries also they pay high taxes but atleast they get some good quality of life in return. The tax money is well utilized for the benefit of the general public in foreign countries.
Bharat ki Economical , Safety , political policy Vipreet ho gai he , isliye Life jeene ke liye videsh jana hi padega , dusra koi vikalp nahi he 🌼🙏
Why not stay nd improve your country! That's the problem with Indians leave in droves and take your culture like religion, caste, archaic practises of arranged marriages and parental control at any cost (student suicides) with them. Shameless attitudes and mindsets
Absolitly right.. taxes were always high in India but the current communal political scenerio in india, imposition of RSS Bajrangdal ideology on otherwise liberal prigressive indians, corruption, worst law-n-order (law makers are turning out to be GOONs ruling society, brijbhushan being latest case), shift of govt. frm progressive politics to caste comkunal politics, Hingh inflation, detoriating healthcare education suystem etc. are the main reasons why HNIs are migrating.
Rich people see what common ppl do not see. When they have money, they seek for better progressive place to live for their children n family.
There was no corruption when congress was ruling 🤔?
@@millennialmind9507 if there was corruption how come all gabdhis, vadras and other congressi are raoming around freely.
How come hemnat biswa is asaam CM? Apparently he was d most corrupt of them all.
Its been 10 yrs since modi is in power. He sends ED CBI NIA at the drop of hat againts his enemies. How come these guys are still free.
Eevrybkdy knows CAG chairman vinod rai turned out to be bjp man. Even 2G scam got clean chit by govt.
WhatsApp University topper
@arwindsawant8538and the people will be poorer
Wahi toh tumhari beti ke saath kuch babut galat ho jaye aur tum us criminal ke khilaf kuch na kar pao kyu ki wo criminal toh ruling party ki Raphael hai
Salute professor Arun Kumar ji, brilliant observation, great analysis and we must introspect on this serious issues
Pigs will fly
Sir, we must not only think of Business families, though they constitute a large portion of it, but also include Highly talented, educated Employees at CxO levels that earn much more than 1 crore a year are more likely to migrate away. This is very dangerous because that causes a drain of not only money but also brain drain.
Germany etc is facing a huge skilled manpower deficit
So true
Jaha unka kala dhan wha high net worth individuals,koi dudh k dhule nahi h chor h .
@Vishal Patkar but they can do the same sitting in India or anywhere in world. I hope u know tax havens.
Here we r talking about qualified people leaving country.
@@Captain1971 tax heavens are the best places to send black money .
Edit:- actually tax heavens makes black money .
Tax may be less for hni, but for salaried employees tax is very high. We can not compare Germany, etc. We middle class pay tax and dont get anything back in return in the name of education, health, social security, etc.
Education k liye aurr lakho bharo
Nuanced discussion by Chirag and Prof. Arun Kumar. Thank you for sharing.
In India there is no inheritance tax most Western countries people have to pay 40% inheritance tax. Family of a rich person have no problems in India. Prof. Kumar is a distinguished Economist no bias towards any political party.
Ur right but western government developed the country and living lifestyle not like Indian politician who just benefit the tax for themselves they are so corrupt
The highest tax rate slab in UK is 45%.
"pay 40% inheritance tax" do every country has this law, where these HNI are leaving
fake info
Hmari Business Bhi High Rate Of GST ki Waje Se Doob Gyi...
Main Rs 1000/- Invest Kr K Khud Rs 50/- Profit Kar Rha Tha Aur GST Me Rs 180/- De Rha Tha...
Main White Tarike Se Business Kar Rha Tha Aur GST K High Rate Ki Waje Se Doob Gya Mere 60 Labours Jobless Ho Gye Saath Hi Main Bhi Jobless Ho Gya.
Kis chiz ka business hai?
Itna tax wasool rahe hai toh jaa kahan rha hai? Sab Modi ke branding par? Some claim that every month more than 100 crores (average) being spent on Modi branding, ads, tours and visits etc
Only 100 crores I thought more. He is the only gareeb in India who wears 16lakh coat. 😂
Lol 😆 🤣 😂 😹
@@anjanmondal8363 andhbakt Aa jayege abhi aur bolege you are anti national anti india lmao 🤣 😆 😂 😜 😄 😒 🤣
rallies, meetings, roadshow horse trading etc
Jai Bheem Jai Bharat Jai Samvidhaan Jai Loktantra. Jai Bharat Ratna Dr. Bheem Rao Ambedkar Ji. U r Versatile Journalist Sirji. Aapki Patrakarita Ko Hazaro Topo Ki Salami. Regards Ajay Kumar. Thank You.
Han thik hai ab naali saaf kar jake
Naali saaf kar
My point is that we need to revise whole tax formulas,stop all cash transactions above 50k,reduce all slabs of gst,there should be no income tax up to 25 lakh and only one slab of 30% above 25 lakh.
Full support to all business men by govt.and strict policy for transfer of money and business outside country.
Amazingly explained
Crorepati who opt to go abroad utilize investment related migration schemes of certain countries where they have such schemes, but the crorepatis lose control of their crores because productivity in the new countries are not in their control or influence
🤗🤗
In India to become rich class is very difficult and if someone achieves it they think taxes are to high to maintain the class so it's their right decision to leave the country for their well being
In India usually the corrupt have become very rich quickly. They should leave as they are not useful to society.
Some solid logic is given behind the imposition of tax - the welfare of the society.
But, if it is not done properly then even the taxpayers do not want to pay tax.
Very Knowledgeable, Thanks
Haa hum undertaxed hain ,ye sahi baat hai. Lekin ye baat bhi utni hi Satya hai ki 75% Paisa jo taxpayers se collect hota h ,vo netaon ki jeb mei jaata h kaale dhan k rup mei. 6% direct tax to GDP ratio k sath bhi hum Singapore sman ban skte thhe agar iss Desh k neta aur aam janta imandar hoti.
Understand Hindi as was educated in India but live in the West for 50 years. The Singapore PM stated that some politicians in India have criminal records and even muders. Indian was very defensive and a diplomatic row ensued
@@agnescraig2912not some politicians brother, mostly are. 37 percent politicians have active criminal record. I mentioned active only. Other ones also have but those are shut down or no result. And not just murder crime like rape also included. There is girl who gang raped by bjp politician and his friends but no police station even register her case at all. This case is from West Bengal where bjp not even in power. Imagine what they will do in bjp ruled states. Still after 2 -3 years the girl didn't got justice. The case was closed but it recently opened again but still no justice.
And most shocking thing this is very common thing in India. We as a Indian have failed to protect our sisters. 😢😢😢
Make in India, spend in Singapore.
We cannot compare our taxation with Developed countries, thats wrong analysis by Arun Kumar. We are a developing country with 57% people below poverty line, and inflation has to be seen too, for common man.
Surely it is more than 57%. But India brags about the CEOs and scientists the Ipro and being the most important part of the South overtaking Chinese economy. BUT is still a developing country when all the evils are brought to light. India should be treated leniently
हमारे यशश्वी प्रधानमंत्री मोदी जी अपने उपर खर्च कर रहे हैं।
Aur karo modi Modi 😂😂
Absolutely you are right this is happening in bjp for greed and power.
Although I don't like the BJP and esp. Modi Shah, corruption and greed have existed for fifty plus years in India. Have experienced it first hand nd despise anyone for asking for a bribe. At Mumbai airport one customs officer asked me to pay a sum but after my suitcase was chalked I offered only half the sum. I got yelled at, the money was thrown back so I calmly replied if you don't want it am happy to take it. It was quickly grabbed by the collecting official
Chirag Jha.. You were awesome in this report . lot of wishes for your future
The new Bank loan settlement policy announced by RBI for fraudsters along with the built in "cooling off period" is a step in the right direction to enable them to escape with a clear concience😂
Enterprising and successful people's are not only afraid of Tax, social,economical and of course educational system is neither conducive nor up to the mark compared to other developing countries. And last but not the least ,people are losing their faith and expectations from the political fraternity of the nation.
It existed sixty years ago nd has gotten worse. Too many people using up limited or finite earths resources
@@agnescraig2912 developed countries are prosperous because of slavery , colonialism, it's the profit of their past evil they are ripping.
As home tutor i experienced many of my Clients left to abroad.. Mumbai.😢
Getting the same quality of life compared to a non tax payer, inspite of paying huje taxes each year!!! Who would not want to settle abroad.
Thanks for Professor Arun Kumar
Good report 👍
Forget about love and affection to the country.
HNI/Employers don't want to pay the committed/legitimate dues to the employees with whom they make money.
This is the main culprit of Globalisation. Paying slave wages or no wages at all for cheap goods, but the boss gets his salary. Profit at the cost of the poor
Sabhi Private Sectors Ko Nationalization Karna Hi Padega Tabhi Hamara Bharat Desh Aage Badega. Regards Ajay Kumar. Thank You.
No Sir.
If Indians start treating each other with respect and if govt officers stop harassing individual Indians for no fault at all, people will stop migrating. There is lack of human dignity in India.
We are middle class.
Poor live like animals in India
Chutya ....tum India ko diwaliya karwayega😁😁
1) TAX
2) LAW N ORDER
3) SAFETY AND SECURITY
Dear Professor, what are the benefits given to their citizens by the countries having high tax slabs??
Scandinavia -Free education, free health care (this is what all indians pay hugely for) . Great public transport network at affordable rates even for the poorest in the country. If you go jobless or want to shift jobs and hence became job-seeker , you get Govt unemployment ssalary and benefits still to supposrt you and your family and also you get skill development training to make to job-worthy. I was in Norway during the pandemic on job visa and had my dependent wife who didnt even contribute to society's economy directly. But both of us were treated like a resident/citizen with free vaccines and timely care with 0 pay. Also the wealth gap is practically nil, for including the jobless people since Govt support is massive. Plus the level of higher education is great and world class and hence all have great rational outlook and is a very practical and rational minded society. Politics and system are clean as well.
@@atulmohan2833 they are developed its developing
@@atulmohan2833uske liye stabilized population lagati hai aur higher industrial footprint chahiye, dono hamare paas nahi hai 😅😂
@millennialmind9507 I also used to think it's population . But no. It's about culture. Population is not why Indian society is hierarchical, population is not why equality and equal rights are not there in Indian society. Population is not why people are corrupt . With population in fact India has high gdp. But where are the benefits to tax payers and respect to capable intelligent people. This is not because of population effect. Think over it
@electrowizard2658 India is the 5th largest economy. And we pay taxes and get low wages and pl who actually work are exploited and tortured. That attitude is not because India is developing
BJP hatao Des bachao
Muslim extremism kharam kare
In 1980 Re to dollar ratio was10 :1
The reduction in rates have always increased compliances
Please don't say FIR. It's PHIR. You are such a good speaker - don't ruin it with one word.
🌈High tax, ban in crypto and high corruption ...
I watch "The Wire" only because of fair journalism, having best minds like Karan Thapar, Afra Khanum, Siddharth Varadarajan, Sidharth Bhatia, and M. K. Venu etc and I personally believe the above mentioned aren't only well educated but also they are serious and sincere for speaking the truth without bothering of Modi, Tadipaar and their Gang's of Hindutva Terrorists.
However, I was shocked when I watched this particular video of a young journalist (nothing wrong about him) but the person who was invited to speak the subject and I found, he's too illogical, inexperienced, having no knowledge whatsoever etc. He gave the examples of Western world taxes. And, I was shocked like.. Really..? Did he really say that..?
Seems, he has never been to any of the Western Countries including Germany etc. The taxes people pay in West aren't angry and upset over it, instead they're well aware, satisfied and know where their taxes are going, they know their Govts has the responsibility to prove, and any person, doesn't matter rich, middle class, labourers, poor or even a homeless and drug addict has the right to ask directly on PM's face to know... "Where the F......g money of taxes going and it is almost impossible for the PM to ignore and walk away.
Firstly, this is what is called "The true Democracy". If PM won't answer..? the entire country backs up the person including media and question the PM as hard as possible.
Secondly, the person was so stupid to attend the show as (supposed to be an expert) and I must say the truth is entirely opposite to his dumb experties. Since he took the name of Germany... (I lived in Germany for 6 years since I was hired by an organisation as "Sales Specialist" and my job was to train the trainers, BDMs, travelling to as good as 257 branches all over the German and I know the facts. And, the fact is, taxpayers in Germany pay their taxes gladly knowing the tax money is being used to provide each and every single citizen & residents (like myself) gets the world class, In fact, the best of the best than the world class, free treatments, absolutely free hospitalisations, free medicines and it does not matter whether it's a flu or heart diseases, cancer or any other minor or major health issues and in few rarest of the rarests cases people has to pay for medicines at 95 to 97% Govt subsidised price and pay only as little as 3% cost, and it is Govt (if the medicine price is over 5 euros then the German Health care services which is Govt's organisation pay the rest, Govt schools are as good and crystal clean than any private school building in India. Schools exists in every suburb, no more than 21 students in one classroom, free supply of uniforms, books, stationery and every single item. Each and Every School are built on hectares of the land and it is totally upto the student to decide which sport they want to, all sports related items are supplied at no cost to the parents, etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc etc. India & Indians can't even imagine the services provided to the common population of the country.
I totally agree with a very little video clip at the beginning of this video.... Why the Indians are paying taxes...? When you are not getting anything in return...?
Why why why why why why why why why why why why why why why why why....?
Fantastic reply 🙏💯
@@harrya3979Can you refute a single thing he said? Is anything happening like this in our country? Yes, population is a concern. But still, what about the very basic need of a citizen?
Please answer with conscience, Are political parties thinking about welfare of people OR trying to just stay in power by appeasing one section of people? Be it Congress or BJP. Every single party is corrupt and has selfish motives.
You destroyed the old man simply.... besides facilities.even in my company the owner donate in crores to party fund and police protection....you known very well our country jurisdiction system like wrestler I mean no justice. As you are an expert and trainer, What options do we have...any solution ?
@@auxshy I think the harrya guy is Andhbhaqt....
@@harrya3979 Dude tf this has to do with his religion? His answer was precise and on point, as someone who has relatives staying germany and just couple of years they gave up their Indian citizenship for German citizenship, it wasn't the least bit surprising to me. They tax their people but also provide top notch facilities.
I moved out of India in 1985 and settled in USA , long story short I tried to invest in india two times but indian bad system and corruption on every level in government sector pushed me out of India once more, leaders talk big but that's only talking, only governments friends benefit upto some point , therefore I changed my mind and will never think of investing in india , My U.S. born kids say that india is good for couple of weeks of vacation only . When you land at Delhi Airport then all those immigration officials give very unfriendly angry look and it makes us feel like that did we made a mistake visiting india ? There is much more but can go on with long story here.
Yes . Tax , FDI (foreign direct investment ) are just not enough profitable in India . Thats why company go in countries like Vietnam but not India .
Very well presented report
Rightly said completely agree also wanna to settle out of country
The only option is to tax the agriculture, political class and the BPL card holders
First remove untochability caste discrimination.
Bring rapid social reforms and promote entrepreneurship in ST SC OBC communities, this is only way forward and also bring population control law in UP Bihar 😅
Service class is facing the same situation, but everyone talks about business people and enterpruners.
टैक्स का बोझ ,असुरक्षित माहौल
Mr Arun Kumar is very learned economics professor.
Reporter failed to get his specific questions answered.
❤ Awesome Informative V
There is no relation between ease of doing business and HNI leaving India!! Vedanta, arceller and hinduja chairmen do not live in India but they have so much business in India
I also want overseas businessman in india so I avoid corrupt system and tax 😂😂😂❤🤗🤣
And direct donate money to the poor 😮😎🥺
Economic situation nhi political interference hai sahi wajah aajakl neta log hat kaam me ungli karte hai chahe bijli paani road education helath police nagar Nigam har jagah
Sab Bhagwan ke naam mei
#12:11 Developed countries me tax benefit bhi to hai school free, medical free, retirement pension, jobless scheme better infrastructure, & government institutions
gud...bhai aap freshar ho but u r hosting like a pro. keep it up.👍
Corruption, killings, poor infrastructure, poor health facilities, ransom and delayed judicial system are the root cause, Rich Indian are leaving the country.
this is the problem no one is safe and secure under this goverment. these people would have created jobs but they decided to exit country and opted better place.
देश से हाई नेटवर्थ व्यक्ति भाग रहे हैं क्योंकि देश के आंतरिक हालात अच्छे नही है गृह युद्ध के मुहाने पर खड़ा है देश इसलिए जो सक्षम है उसे जाने में ही भलाई है सुरक्षित और शांति से तो रहेगा कम से कम
K2ye ni bhag rahe.....
If only somehow black money and crony capitalism could be eliminated from India.
Our leaders can go and arrange big events outside india. Because indians migrate to others country. 😊.
You have one life why live in a country with so many problems in every stage in society . Don't waste your time .
I m coming bro.
Iam a poor citizen ..so i love my india jiyenge marenge bhi yhi😅
Its not just because of taxes. That's one reason I left India. I had the option to leave India and escape communal politics, leave because of safety and security concerns for my family. 3-4 years back I never thought about leaving India, I was making good money. But now look at the situations in the country. I am looking for better stability in a country, logical tax structure, peaceful environment.
Even Middle class want to leave for better future here only hindu muslim.
Baat to sahi hai hindu ho ya muslim dubai Qatar sab ka fav hai😅
Yeah but they take Hindu Muslim BS to other countries. Seattle has put caste as hate crime. Yesterday I watched a video re Boris Johnston in the U.K. Very subtle comment from a Muslim referred to Rishi sunk and Stella Braverman - a dig at India Pakistan and an inference to Hindu Muslim. Most Indians are guilty as 85% of people even today worldwide have arranged marriages based on religion caste class nd a Western passport tops this list
Phir to 20 crore muslim chale jane chahiyen the ab tak 😂