Crypto Tax & Legal || Forensic Audit || UAE Business Setup || International Tax || RT≠endorsement

Joined September 2009
152 Photos and videos
Small Business Relief for those companies that have a turnover of less than AED 3 million will come to an end on 31-Dec-2026. Small business pay 0% corporate tax, irrespective of profit. This will not change. Plan your tax strategy in advance.
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FCNR Deposit Rates of @ICICIBank If you’re an NRI from Dubai, This is not a very lucrative rate of interest for 1-3 years. Banks in Dubai are offering 5-6.5% absolute risk free returns on short term deposits. Currently, AED is pegged to USD. So that makes it 5-6.5% return in USD terms.
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Focus on a broad set of skills.
We simply do not know what will be required by the job market in the coming decades. What matters most is the capacity to remain flexible, and to have a wide range of skills – intellectual, physical and social.
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Vivek Shah (CA, LLB) retweeted
Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers. #principleoftheday
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#Dubai mornings
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Honble FM @nsitharaman wanted a higher share of LTCG & increased it to 12.5%, it seems she forgot that there is tax if there are gains.
I propose to raise LTCG on equities to highest income tax slab rate of 30%. But why? Because 30% of zero is zero.
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While there isn’t a specific law which regulates crypto in India, more companies are entering India. Maybe because there is a large user base.
Coinbase is now live in India with direct INR rails. Users across India can now seamlessly access global liquidity and institutional-grade execution at the lowest total cost of trading in the market. Making access to the future of finance easier than ever.
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1. There was no STT 2. STT was introduced 3. LTCG was exempt 4. LTCG was made taxable. 10%. 5. STT continued. 6. LTCG increased again. 12.5%. Rupee at 95 Gold at $4700 But Indian markets are cooked.
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HDFC Bank – 0 return for 5 years AND Kotak Bank – 0 return for 5 years 2 of the largest private banks in India have given absolutely ZERO returns to Investors in FIVE LONG YEARS. Let that sink in. Meanwhile the Rupee has depreciated in the last 5 years. @nsitharaman Madam, how much more shock do you want retail investors to absorb? Isn’t it enough, already?
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#EaseOfDoingBusiness In India, You are 1 notice away from any tax authority taxing your business retrospectively. In another such example, those who bought Sovereign Gold Bonds from the secondary markets will now pay LTCG on redemption or sale, because the Honble FM thinks it is her right to tax a person because he is earning money out of it. But she conveniently forgets that those were TAX FREE BONDS to begin with.
India spent a decade learning why retrospective tax is poison. We're about to throw the lesson away. Picture this: your team wins a cricket match, clean, by the rules of the game that day. A year later, the umpire changes a rule and applies it backward — and declares you lost the match you already won. That's retrospective tax. You broke nothing. They moved the line, then pointed it at your past. We did exactly this to Vodafone in 2012, chasing them over a 2007 deal. Cairn Energy got hit too. Both went to international arbitration. Both won. India refunded over $1.2 billion and spent years as the cautionary tale that every global investor cited as the reason they hesitated on us. In 2021, we finally repealed it and called retro taxation a thing of the past. Capital started trusting us again. This week, the courts upheld retrospective GST on online gaming. Dream11 and an entire industry now owe tax on years of operations under rules that didn't exist at the time. Retrospective tax doesn't punish what you did. It punishes you for not predicting what the government would later wish you'd done. As a country, we should not set such a precedent. #Noretrospectivetax
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The idea is to spend & get the results. Even if it’s is not 100% of what you wanted. Just build and move fast.
May 28
New podcast, new format. Three founders join us. Waste Tokens, Save Time 00:00 Three Frontier Founders 01:27 AI Software Factories 04:15 Waste Tokens, Save Time 05:47 Models Instructing Humans 09:30 Is Pure Software Dead? 12:04 You Don't Get Stuck Anymore With @rauchg, @maxhodak_, and @bscholl.
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The ultra wealthy look for a position of leverage & freedom. If taxes become irrational, the rich will find a place where their wealth can grow without paying taxes.
Replying to @averyx99
The ultra wealthy don't make emotional decisions about where they live. They make calculated ones. The cities on this list aren't winning by accident. They're winning because they understood something the others didn't: The most powerful people in the world will always move to where they are valued most.
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“GREED”, for lack of another word, is not good - Wolf of the Wall Street. 1. Markets were booming. 2. Finance Minister @nsitharaman wanted a higher share of those gains. 3. She increased STT, STCG & LTCG. 4. Now markets are down. 5. So there are no capital gains. 6. LTCG : 12.5% of 0 is still 0 only. Hope she understands the math.
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At a random cafe in the Arts district of Dubai.
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Good morning ☀️ #Dubai #nofilter
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Vivek Shah (CA, LLB) retweeted
Unpopular opinion. Aalas (Laziness) is the reason why 90% claims get rejected. People are lazy to find the right plan. People are lazy to read the T&Cs. People are lazy to fill the proposal form. People are lazy to find the right expert. You are going to spend 20K every year to cover a lifetime of healthcare expenses. Give it your time and energy.
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The intent is to get large institutional players to invest in the RWA tokenized market. Regulation = Clarity. And institutional players move their money when there is clarity.
Replying to @cavivekshah
India's VDA reporting framework already treats intermediaries broadly. if tokenized assets fall under the same rules, custody and recordkeeping requirements will push institutional players toward regulated custodians faster than anywhere else in Asia
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India’s Asset Tokenization (Regulation) Bill 2026 is an important development for digital asset infrastructure. Key points: 1) Legal classification of tokenized assets will determine the compliance perimeter. 2) Custody, transferability, and investor rights must be clearly defined. 3) Market adoption will depend on enforceable documentation and operational controls. 4) Regulatory clarity will matter as much as technical innovation. This will open many more opportunities for investors to own real world assets (#RWA) on fractional ownership basis. Not financial advice.
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