Courtesy: Telegraph India
India has raised import duty on gold yet again. This will drive gold smuggling, whose nearly 16% return on investment therefrom will make hedge funds envious. Apart from loss of revenue, smuggling also means greater cash flows for the underworld, and potential terror finance.
Courtesy: China Briefing
Foreign investors in China can benefit from setting up Wholly Foreign-Owned Enterprises (WFOEs) and Foreign-Invested Commercial Enterprises (FICEs) to start businesses in trade and the service industry.