Illicit Financial Outflows


wealthymatters

Results of Falling Crude Oil Prices


wealthymatters1. Reduction of India’s crude oil import bill.

2.Soft crude oil prices threaten growth in oil producing economies and has an effect on foreign fund flows into India.

3.Falling crude prices means lower income for oil-exporting countries, leading to slowdown in global demand and fall in Indian exports.

 

EM Currency Depreciation


EM currency depreciation

Giving Birth In The US


wealthymattersChoosing to give birth in the US,has so far been a smart option available to well to do Indian mothers. Doing so enabled the babies,and later the parents themselves to acquire the prized US citizenship and the opportunities available in America.

The US already taxed its citizens and residents on their global income and with the passage of FACTA, suppressing asset ownership in India is going to be harder.

Worse,if a person wishes to give up US citizenship, they have to pay an expatriation tax on the market value of their world-wide assets. Now imagine the mess if this person owns a pricey house in India, they have no interest in selling!

So going to the US to give birth, is no longer a no-brainer but requires a great deal of careful planning and ring-fencing of assets.

Sleeping On Cash


In a lighter vein, if you have ever wondered just how much cash you could sleep on, literally, here are some figures to help you get started:

wealthymatters

My calculation is Rs 10 cr max to construct a reasonable sized double bed platform of cash. Though I have doubts about the comfort of this bed of cash!

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