India Fails to Lower Tax on Gold

Gold 400 oz Bars

India surprised everyone. They did not remove the tax on gold and in fact increased it. India is the number-one consumer of gold jewelry. Sales have declined recently because many expected the tax to be lifted. A near 10% tax on gold has been rather high. Nevertheless, the government sees this as a capital outflow.

Latest Posts

Income Equality – Paying People Not to Work?

April 28, 2024
https://www.armstrongeconomics.com/wp-content/uploads/2024/04/Dr-Phil-Income-Equality.mp4     Under Communism, everyone made the same. That removed the incentive to even invent anything. The socialists looked at Henry Ford and despised his wealth. They ignored that [...]
Read more

RFK Jr – Armenian Genocide Continues

April 27, 2024
https://www.armstrongeconomics.com/wp-content/uploads/2024/04/RFKJr.ArmenianGenocide.mp4   No one is chanting about this human rights issue because it is not profitable or trendy. The victims are also mostly (97%) Christian, an unprotected class considered the [...]
Read more
logo

Tags

2016 U.S. Presidential Election (325) 2024 US Presidential Election (82) Armstrong in the Media (82) Banking Crisis (137) Basic Concepts (148) Britain (148) Canada (85) Central Banks (115) China (111) Civil Unrest (237) Climate (332) Climate Change (172) Corruption (417) Disease (88) Dow Jones (286) ECM (120) Economics (250) European Union (359) Euro € (126) France (89) Germany (134) Gold (1577) Great Reset (86) Interest Rates (159) Market Talk (1240) Migrant Crisis (78) Nature (122) Pension Crisis (80) Politics (923) Press (98) Real Estate (95) Rule of Law (311) Russia (128) Russia-Ukraine War (78) Socrates (97) Sovereign Debt Crisis (143) The Hunt for Taxes (335) Trump (95) Ukraine (111) Uncategorized (543) Understanding Cycles (162) USA Current Events (142) USD $ (91) War (388) World Economic Conference (80)
© 2023 finagg.com. All rights reserved.
About Partners Privacy Policy