Money lessons from generational family businesses
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5 months ago
MSNDailymotion
As an NRI or OCI if you are inherting more than 5 crores Indian assets in value from your parents, you could be walking into a tricky tax trap of the country that you live And this could cost you several lakhs! Most NRIs don’t realize. Foreign estate taxes in your resident country can devastate your generational wealth. Its huge ! 40% in the US, 55% in Japan and upto 30% in Germany . Your parents hard-earned money, property and investments- everthing could shrink dramatically before its reaching
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