Razorpay’s Taxing Flip, New-Age Tech Stocks Fumble & More

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Razorpay Flips Back, But At What Cost?

Razorpay’s move to redomicile to India ahead of its planned IPO is not going to be cheap. The fintech unicorn is likely to pay nearly $150 Mn (around INR 1,245 Cr) in taxes to Indian authorities and another $250 Mn-$300 Mn to the US government, pushing the total tax liability north of $400 Mn-$450 Mn.

In a bid to reduce this outgo, Razorpay has consolidated six Indian subsidiaries under a single local holding company. While it hopes to bring down the total tax payout to US authorities to around $200 Mn…



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Razorpay’s Taxing Flip, New-Age Tech Stocks Fumble & More


Razorpay Flips Back, But At What Cost?

Razorpay’s move to redomicile to India ahead of its planned IPO is not going to be cheap. The fintech unicorn is likely to pay nearly $150 Mn (around INR 1,245 Cr) in taxes to Indian authorities and another $250 Mn-$300 Mn to the US government, pushing the total tax liability north of $400 Mn-$450 Mn.

In a bid to reduce this outgo, Razorpay has consolidated six Indian subsidiaries under a single local holding company. While it hopes to bring down the total tax payout to US authorities to around $200 Mn…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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