Investor warns Indians investing in US stocks, says 'Hope they're aware of 40% estate tax'
Veteran investor Samir Arora has warned Indians who are investing in US-listed shares and holding stocks in their own names. "Hope these investors are aware of the 40% estate tax if they pass away (applicable to foreign investors with a low threshold of only $60,000)," Arora said. The estate tax, similar to an inheritance tax, is progressive up to 40%.