Taxing super rich no solution: Stern School Prof

MUMBAI: Taxing the super rich may suddenly be in vogue but is not particularly effective as money is fungible and finds its way to the lowest tax domicile, as there is incentive to evade high marginal rates, according to Aswath Damodaran, a professor of finance at the Stern School of Business, who is renowned for his work on equity valuation.

Read Full Story>>