Why Millionaires Are LEAVING India Permanently & How WE Suffer!

Over 20,000 Millionaires have surrended Indian Citizenship in the past few years. Why? And How Common People Suffer Due To This?
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#GoodbyeIndia

[@pingpong9005]

My father is a entrepreneur paying income tax and sales tax since 1974...now when he is near 74 yrs of age...did he got any support from the govt..at this age....while govt officials of the same age are enjoying pensions...he is daily facing labour inspector...mcd officials....labour unions..corrupt tax officials ,inspector raaj ...and one sided govt policies

[@pingpong9005]

@@abhisurs i am a latter state level table tennis player..so i have chosen this name for youtube account..google it and u will understand

[@Bauaji_smile]

@@abhisurs bhakt ko bura laga !!

[@pingpong9005]

@@abhisurs u sound like a frustrated soul...no need to write such big documents...everyone here is free to express his opinion...ok..pls go somewhere else and prove yourself...its ok to have differences in opinions but that does not mean u should be personal with someone...learn some manners..

[@pingpong9005]

@@abhisurs u r a result of poor upbringing..so not your fault buddy...u r for sure one corrupt govt employee and a dumbass..or bureaucrat...so we dont want dumbass people like u in india...dont worry u will be exposed soon

[@suneethachintala2275]

@@abhisurs oh very glad to see words like this, I am living in a small town where lots of shop keepers not giving bills and not paying taxes, from govt employees taxs will deducted by salary and depositing in account, where is similarity in this country

[@utkarshupadhyay3306]

Rich people: Saves taxes using tricks. Poor (not actually): Gets all the benefits. Middle class: Pay taxes and gets no benefits (general category)

[@nirmalchaturvedi5614]

👍👏🤔

[@rnaveen1]

Exactly

[@JayOptionTrade]

how poor are getting benifits? doesnt inflation affect them..only corupted govt. officials and politicians are getting benifits

[@gaurangkarmakar4046]

@@JayOptionTrade Ever heard of freebies and subsidies?

[@utkarshupadhyay3306]

@@JayOptionTrade That what I said, rich are getting rich, middle class are getting poor and so called poor are getting all the benifits.

[@promethiumcatalyst]

Unfortunately, we in India tend to complicate every little thing. The taxation is complex. The laws and regulations are complex. We don't reward meritocracy. We pay a high tax rate and get nothing in return, especially the middle class. Poor public infrastructure, low social benefits, corruption, poor implementation of welfare schemes. Maybe something to ponder for us Indians as we celebrate 75 years of independence.

[@ajay316]

You are anti-indian Bharat mathaki jai

[@murs221]

It's true.. Just because of high corruption in India.

[@sathyarajs3964]

Government is making anti-indians..... The fault from government......

[@dashsany]

If everything is complicated then India economy had not reached all time high . Look at Srilanka Pakistan, Bangladesh how they are struggling. People are leaving because of radical Islam and growing insecurity because of rise in population of rafical people.

[@yam2050]

@@dashsany Bangladesh has better performance than India and the rest you mention. I'll also leave india if modi becomes pm once again, don't thanks me.

[@Baiju733]

The worst is those who are leaving are not only riche rich but also law abiding people with integrity who are finding it difficult to adjust to the changing social climate.

[@whoisvignesh]

Unreasonable tax is social change means people will flee.

[@v.rrajamohan8836]

no law abiding citizens will leave india. it is the corrupt who leave india.

[@herculeswin5545]

True

[@Baiju733]

@@v.rrajamohan8836 when corrupt and dictators rule a country it is the common man who is at the receiving end. Those who have the means to escape this do so though often reluctantly. You are trivialising the issue by alleging that all those who are leaving the country are corrupt.

[@madhugreenleaf11]

@@Baiju733 India is far less corrupt and dictatorial today compared to the congress regime..1 million people leaving India in a decade is nothing when 30 million Indians are born every year. Whosoever wants to leave India may do so. We are overcrowded.

[@sanskarsrivastava343]

Problem is not high taxation , it is the facilities we receive from government in exchange. Scandinavian countries have high taxation but in exchange free education , free healthcare, pension , etc.

[@Aswat189]

WELL SAID SIR..!👏👏👏, along with tax we are looted by corrupted govt officials for doing their duty..!

[@adwaitvedant3297]

They don't have massive population...

[@shubhamlahoti9758]

They don't have massive number of tax payers too then? How about introducing 5 percent tax on people with income < 5L too, just like it's in US? I assume ~80 percent Indians who fall in that tax bracket could also contribute towards growth of the country

[@rhiteshkumarsingh4401]

Yes only about 2% of working population are taxpayers.

[@erpapun4227]

high taxation is a burden for double digit GDP growth

[@gursharandhillon2931]

Thanks for raising this issue. In Punjab almost 1lakh young students go to Canada each year for studies and then they never return. Initially they need anywhere between 15-20 lakh and later their parents sell land and other properties here to buy them house and everything else there which is normally in the range of 1-2 CR money going outside per student or anywhere between 1-2 lakh crore per year. Due to this major money drainage, property rates here are stagnant for last 10 years while property rates in Toronto and Vancouver become sky high. That money could have been used here to build factories and generate employment for youth leaving India. Increased taxation if not combined with anything in return, force citizens either to be dishonest or leave country

[@venkatyadav1400]

⁰

[@amaljoy2269]

Kerala facing same problem....real estate. Becoming stagnant....better brains leaving....increased suicide,drugs,frustrated society

[@vishalrajyaguru2597]

People in Punjab or not leaving India because of high tax. There is always a pull factor in developed countries or states and push factor in developing or under developed countries and state. Secondly you are not aware people going abroad send remittances to India every year almost equal to our petroleum import bill.

[@pazzolad]

Increased taxation if not combined with anything in return, force citizens either to be dishonest or leave country ---- you summed it up brother !

[@bisolvebs2116]

Staying in india is now only for govt employees, the protected species

[@mithunkumarshah140]

This video is making lot of sense. As once Subramanian Swamy said, income tax should be abolished as we pay many taxes already. First we pay taxes on what we earn and then from tax free money if we buy anything then again we pay taxes. This kind of nonsense should stop. It is like who works very hard, honestly and pay their taxes honestly gets more penalty. Surely, time will come where honest people will also start becoming dishonest if this trend continues. It is like take care of countrymen and they will take care of country.

[@ygp47]

Already a lot of dishonesty around. A Pavbhaji wala in my area with a 30k galla doesnt pay taxes at all lul

[@Aloksheoran]

Susu Swamy lol

[@prithviraj3157]

I think you forgot to include that Mr. Swamy said to implement transaction tax and abolish income tax.

[@shivammalhotra4328]

It's simple for me. You got one life and if you decide to live in a developed country where infrastructure is better and you're getting more value in return of your tax then what's the harm. Not everyone can sacrifice their life in our broken and toxic economic infrastructure. Though India's Economy will grow incredibly the population of poor people will grow too. Also it's very hard for people to digest this but India cannot become a fully developed country ever

[@ramanpenitt]

This was in my mind from many months.. I am loosing patriotism for what this government, dirty politics, local political rowdism and taxation system is doing on small employees and common man

[@DarkfxSupremeSignals]

Indians r making big money with forex trading . As a Indian I am fortunate to build my 4 million usd bank acc ( check my KZbin video on bank balance live proof) .

[@mamtamishra1744]

HAHAHAHAHAHAHAHAHAHAHA. You should leave now.

[@dem0_o14]

patriotism is foolish

[@aadarshchoudhary4321]

@@mamtamishra1744 andhbhakt spotted

[@mamtamishra1744]

@@aadarshchoudhary4321 Chal ab Kaungress ka goo kha 😊

[@finoxy9552]

not only taxation but there are also other reasons, such as inflation, insecurity, and instability in govt policy.

[@verybizeee]

true. get out of the country

[@DarkfxSupremeSignals]

Indians r making big money with forex trading . As a Indian I am fortunate to build my 4 million usd bank acc ( check my KZbin video on bank balance live proof) .

[@sid007ashish]

"No matter where we are, our heart always lies with India" - I don't know how many people understand this, but the amount of taxes we have to pay, and what we get in return, even moving to Malaysia/Sinagpore/etc. does not seem that bad, especially when you see your taxes getting waste on pensions for politicians and slacking off government employees.

[@wewake72]

Great video sir. STUDENT : Sir, what is the difference between FINE & TAX ? SIR : Fine is a tax for doing wrong & TAX is a fine for doing right.

[@jaikumar848]

People were busy on questioning Amir & Shahrukh and they really didn't wanted to leave india. But back side thousands of indians were flying out of india.

[@sta1RR]

@@abhisurs 20 of my friends left this year- thats minimum- and never happened before … Money doesn’t fall from sky- nations become richer-when its people become richer. Now more of these people can afford to send children abroad than 2014. And they do.

[@bazinga69]

Don't get me started on the corporate employees. CTC is 😮 but in hand is ☹️. Worst of all, other countries has lots of benefits for tax payers. Here, tax payers are just the sufferers.

[@verybizeee]

yes, you may pls get out of the country

[@sreejithunnimon8183]

Paying tax in India is not a burden provided there is accountability on how the money is spent and facilities we get from the govt....

[@pingpong9005]

Well said...we need transparency

[@oldschool8213]

great topic you have chosen sundar sir. really appreciated. government should listen to this video. these millionaires provide employement to so many people. governement should take care of this.

[@kennethmahesh1410]

Exactly 💯

[@vishalrajyaguru2597]

Total total misleading video. The people surrendering Indian citizenship and passport are those people who have already left India years before as student or work visa abroad, and now they are eligible for citizenship of host country, and so surrendering Indian passport. It is not at all about taxation, PR Sundar who will make money from stock market to buy foreign branded super luxurious unwarranted cars but would not like to pay some money, a micro-part of his money as tax.

[@rajashekarwella]

@@vishalrajyaguru2597 the question is not about paying taxes it is about what you get in return for paying the taxes. not even an ounce of respect from the public servants who just enjoy salary and pension from tax payers money.

[@vishalrajyaguru2597]

@@rajashekarwella first watch and listen the entire video. He is categorically saying that people are fleeing from India because of tax. Which is totally false claim. That’s all I am saying. Secondly as far as returns from tax is concerned, then it’s matter of simple economics and common sense that in developing countries the resources were to be used for deprived section and asset creation to bring them out of deprived state. So unless your country becomes developed yeah you can’t feel the direct returns. However your life and property is safe. We are able to do our economic activities, we can go for leisure etc, all because of your strong nation and government and our tax. Otherwise you are seeing some countries which are not strong and R not able to protect their citizens.

[@tapanbanerjee7142]

The situation has deteriorated more under present regime. They imposed LTCG tax, dividend distribution tax on individual, reduced interest rates on small savings at all time low level, no change in IT rates ,etc

[@sounakbanerjee1892]

Agree sir

[@raghavendravishwas5929]

👌👌

[@sounakbanerjee1892]

@@abhisurs so you are telling that india was a barbaric country before and became a developing nation with tremendous growth potential after 2014? Stop being faithful to a political party and start being a faithful citizen of the country itself

[@tapanbanerjee7142]

@@abhisurs Do you challenge any of the facts brought out. They done various well fair measures for poor and lot of benefits to corporate, but nothing for middle class!! I am purely apolitical and confined to myself.

[@sadashivak6482]

@@raghavendravishwas5929 l P

[@keerthi3086]

100% agree with you. I don't mind paying higher rate taxes but I don't see any qualitative support in return. We are left to fend ourselves in times of need be it health or natural calamity or inflation.

[@hemantpatil6947]

Exactly..

[@ganeshbv9451]

Yes sir. Reservation, underpaid professionals, high taxes, after paying taxes no benifits in terms of education or health. What is the point in staying in India who has no background or inherited wealth?

[@Akashsanthoshathiest]

Go to Pakistan.....🤫

[@lokeshvigil8497]

Agreed

[@harshacg4723]

People with wigs must not talk about integrity

[@tfriend9133]

Bsdk desh drohi hai tu

[@tfriend9133]

Only 2 % of jobs in India are govt Jobs half of them are reserved, still 99% of jobs are open for general category people.... You can blame reservation definitely 😅😅😅😅😅

[@absonite]

If those many millionaires are leaving, for sure its going to leave a gap in the market. So people like us have a chance to cater to it and make money. Don't always take the news negatively! Keep hustling, keep looking for opportunities and wishing you all great success!

[@RohanKumar-bq2ri]

6:17 Cofounder of Facebook, Eduardo Luiz Saverin took Brazilian citizenship not Singapore. 6:40 If they were not in US, they would not have become millionaires. Indian middle class achieves a lot in US, which they could have never done in India. Loans given in India for businesses are pathetic. 7:45 Government knows how to increase tax base. But they don't want to stop their election winning freebies or tax the kirana stores, businessman and rediwalas as it will loose their votes. So they exploit middle class income people.

[@princeofheaven19]

Dubai is the favorite destination of many HNI's one of my friend owns a huge renewables power business in India, Nigeria and Canada. He wanted to stay with family in India but was frustrated by the compliance and defected to Dubai.

[@sachinrao760]

There just one thing and one thing only that's standing in the way of India's progress -- CORRUPT POLITICIANS. No party is an exception. Sadly there is nothing that can truly arrest their behaviour ( or them ) and so we as the common man will always be shortchanged.

[@shivamkumar-qo7bx]

aaj ho gya realize ab nhi bologe , har har modi, ayega to modi hi, modi lahar?? all are same, some r uneducated and create econmoic instability?

[@vmsalim]

The corrupt bureaucracy is equally a problem that many people fail to see. They take more bribe than anybody else. I know people who had to bribe to even get a court order executed. Politician changes every year but the govt officers are the one's who stay in the same seats for decades and they are the people who are really controlling and implementing things here. Also, politicians don't bribe from the common and low income people, atleast directly. But our 'Babus', they don't discriminate on poor or rich on bribery.

[@vijayasimhakasi7679]

The fact is that most of taxes we pay go for government salaries, pensions and benefits. Very little goes into real development, job creation. This is the pity.

[@kalyanmandal1988]

You probably missed the corruption bucket

[@harshavardhanshinde202]

I think government employees too pay taxes

[@muralimohan71]

Taxation is very high in India with less transparency from government side. Now a days Dubai is attracting talent from across the globe including India.

[@muralimohan71]

@@abhisurs no I am not aware of it. I just observed around my surroundings few people went to Dubai recently. But in general I am aware of high taxation in India itself because I am paying it from my pocket. In India governments try to squeeze more and more money from existing tax payers instead of increasing tax base like for example there are many shop keepers and businesses who make good money but never disclose their incomes and not pay tax on their full income. Government should put efforts to increase tax base and grow the economy size much faster than squeezing existing people. Whether we agree or not taxation is high, we should accept the problem and take steps to avoid brain drain to other developed economies like US, Europe, Australia...etc in order to strengthen our economy and fasten the innovation and entrepreneurs ship within India. Hope Indian politicians take proper measures to control brain drain in coming years/decades to make India self sufficient in every area and prosper to sky 😀

[@nurajmir9682]

@@abhisurs bumming bull KZbinr also went dubai.... If they stay here there spending will increase the gst .... aksay Kumar Canadian citizen may be also for this.... Education company are in the name of trust save lots of money

[@akhil_sai]

My two friends are left India , one for Dubai and one for Singapore, I’m also thinking of leaving, gov has to provide a way for tax deductions for individuals having only one income source and multiple family members are depending only this income source. Gov has to increase at least 80c section, they introduce many section to levy more tax but still no ways for at least tax deductions.

[@sailormani]

govt must improve tax base, at present mere 3% pay tax. Govt must bring all into tax ambit..

[@TheManaguli]

80c should be percentage of income not flat 1.5lac amount.

[@RajeshKumar-uq7yz]

You are talking about increasing 80c soon we won't be getting this option too

[@yashsingh7012]

Government block loopholes in tax and decrease income tax.

[@DarkfxSupremeSignals]

Indians r making big money with forex trading . As a Indian I am fortunate to build my 4 million usd bank acc ( check my KZbin video on bank balance live proof) .

[@srinibazaar]

I agree with you 200% sir! Thanks a lot Sir for rising this issue!

[@deepaksanodiya7819]

Even my mind started thinking to leave India.🙏🏻 Politicians have Converted India into nonsense discussing country, they never discuss education, medical, science, corruption. Corruption is in peak, my bad experience being a soldier of the nation.🙏🏻

[@doncorleone3901]

But they are distributing medals to ALL military and para military personnel. Aren't you happy? That should solve all problems

[@rcm7473]

@@doncorleone3901 bhakt....??😄

[@ashishomer48]

@@rcm7473 chamcha ???😜😜

[@sreangsuacharyya5788]

@@doncorleone3901 while cutting into their pension funds, but hey at least the name is changed to Prayagraj now that compensates for all that floats on the Ganges 😀 and I got my 15L

[@doncorleone3901]

@@sreangsuacharyya5788 not to mention the polyster flags that were distributed (for 25 rs of course). Solves most of the problems of our country plus very good for environment. Of course if env is in question you can overnight ban plastic and screw the economy even further. They know what to do, chill

[@thatcurioustrader2166]

People don’t like seeing their hard earned money to go in hands of corrupt politicians and businessmens.

[@captainmcduckyYT]

As a general category, middle class, paycheck to paycheck living male, it's hard to survive in India man. The amount of tax they take, while providing a substandard infrastructure is a big turnoff.

[@princeofheaven19]

The combined direct and indirect taxation burdens of India is one of the highest in the world according to the OECD. The bigger insult is no return on the huge taxes paid.

[@greatindiandreams]

Sir One correction USA has citizenship based tax. It means wherever you live as long as you have USA green card or Citizenship your are liable for US taxation. Even Former British PM Boris Johnson was taxed when he sold his UK property as he was accidental American as he was born there but never lived. Only two countries have citizenship based tax i.e. USA and Eritrea.

[@jaggiswamey8932]

Sir.I have been paying Tax last for 65 years. Iam now 73 years. Now support from Government. Only pay tax.Govt employees will get everything. I feel let down.

[@addskosame265]

That’s true sir. I’m working in US and would like to come back to India and settle there but these taxes are making me to think of other options. Indian government must consider this and Please reduce and simplify taxation.

[@SM-sg8bd]

where are you from

[@raghavsridhar]

Don't come here not worth it's a shot hole here

[@shashankke250]

Taxation is simple Unlike USA But the Traders should be given more benefits to off set loses. Plus allow to trade in foreign currencies. Plus the benefits & facilities should improve for the citizens

[@TejasDeshpandee]

One simple solution can solve this problem...Start Taxing Farmers having more than 30 Acres of Land !!

[@doncorleone3901]

Sir it is the bureaucrats that are responsible for this. They detest the successful people and want to squeeze them. They will never come up with Innovative ideas. Case in point, the IT terrorists drove coffee day founder Siddhartha to suicide. They attached his properties and assets and then asked him to cough up retrospective taxes. He begged them to release his assets so that he could sell or pledge them and pay the darned taxes. But does bureaucracy understand logic? No. Finally he killed himself after being hounded. Illustrious man, great family killed by bureaucrats

[@VenkateshChowdary99]

30 acres of land in Odissa is not equal to 30 acres of land in Someother state. And with in the state, it again changes. I’d say its a very bad idea to tax Farmers when they don’t have a base price for their products.

[@kondalreddy5965]

Taxing farmers is good idea, before that make rice/wheat per kg- 100,tomato-100, onion-100 like that then tax them

[@EveryThingTechet]

Atleast expenses can be offset against income for businesses. What about the salaried class?

[@diagoprato1524]

This was forecasted years ago and with the present govt, there is no option. Problems are mounting on the so called middle class and the standard of these people are deteriorating. The rich have the option to leave the country, but what will the middle class do. Govt. is only bothered with buying MLA's with the money in their kitty from the BIG corporates, so that they can rule whole of India without any opposition. Happy independence day in advance. Jai Hind.

[@vishalrajyaguru2597]

Total total misleading video. The people surrendering Indian citizenship and passport are those people who have already left India years before as student or work visa abroad, and now they are eligible for citizenship of host country, and so surrendering Indian passport. It is not at all about taxation, PR Sundar who will make money from stock market to buy foreign branded super luxurious unwarranted cars but would not like to pay some money, a micro-part of his money as tax.

[@rk2coolblue]

@@vishalrajyaguru2597 micro part?forget sunder do u know how many a middle class person and poor class guy paying tax . If u don't know the matter then pls shut ur ass ..This tax will definitely be a burden and u will notice it soon

[@aadarshchoudhary4321]

@@vishalrajyaguru2597 andhbhakt why don't you make a video and explain your point of view

[@vishalrajyaguru2597]

@@aadarshchoudhary4321 pappu pujari or tax chori jesa desh droh karne se to bhakt hona achcha hi he. Murkh deshdrohi

[@ranganathantn2988]

Sir, Excellently presented. Traders are taxed very much by Indian Government. They dont know how hard its to trade and get money. One thing you forgot to mention Stamp Duty charges also along with other charges

[@vishalrajyaguru2597]

Total total misleading video. The people surrendering Indian citizenship and passport are those people who have already left India years before as student or work visa abroad, and now they are eligible for citizenship of host country, and so surrendering Indian passport. It is not at all about taxation, PR Sundar who will make money from stock market to buy foreign branded super luxurious unwarranted cars but would not like to pay some money, a micro-part of his money as tax.

[@thesoup_is_dry1358]

@@vishalrajyaguru2597 No.. he is talking about HNI(High networth Individuals)

[@verybizeee]

you are free to get out

[@vishalrajyaguru2597]

@@thesoup_is_dry1358 exactly, I am saying that only. He is referring to figures of government that this many thousands or lakhs of people surrendered Indian citizenship to become citizen of other country. But either with misplaced idea or deliberately he is missleading saying that so many hni leaving India because of tax. Which is totally false.

[@rk2coolblue]

Get ready in every comment a reply by BJP andh bhakth Vishal rajya guru...a copy paste msg everywhere...Shame on that idiot

[@DilipAghav]

Canada and UK also have high taxes and high real estate rates. If you ignore certian things , India is still good to live.

[@ronaldinojikri5682]

@@rranjit941 and still considered 3rd class citizens by Germans.

[@harsharip]

@@rranjit941even in india we have government schools and health care

[@akhilsubhash7644]

@@harsharip lol

[@harsharip]

@@akhilsubhash7644 well people became greedy and started sending children to private schools with great difficulty. By doing second job or by illegal incomes. And everyone says I love my country. These are the people who first pack their bags when they get an opportunity including myself. So makes no sense to say I love my country 😂

[@harsh14022]

@Hrs.. Government schools & health care is working only in" New" Delhi.. now a days even that is called as "revdi"

[@AndroidTheLeader]

High taxation is not the only issue. It is matched with high corruption as well.

[@jaypal8108]

Nice video sir... Great massages to the govt. We r just living to pay taxes and votes. To the govt we r just tax payers and voters that's all.. salute to you sir, have arise a good topic.. that's why I like South Indians... Love from Kolkata ❤️

[@sheru9884]

Doing business is getting harder day by day due to population and competition and the sad part is government keeps on adding new rules for business i am 53 some times i also consider to immigrate to some other place

[@mrcrazymrfun4075]

Rich people: Saves taxes using tricks. Poor (not actually): Gets all the benefits. Middle class: Pay taxes and gets no benefits (mostly jobs and working class)

[@drsaravan]

Paying tax is OK. but what you get back? No good quality education or health support or good infrastructure in towns and villages or social support. And tax deduction and tax slab are not raised for many years. Inflation is also so high. Happy 75th independence day

[@pingpong9005]

U r right but unfortunately Some dumb ass people with lower iq level wont understand this...

[@craigslist1323]

This. It's not about how much you pay, but what you get back in value.

[@Aryastark123]

In last 3 year propert price are depreciated I am a regular investor and i only invest in prime property I had seen steaf depreciation in property prices plus now selling property is very hard now as people don't have any money

[@stocktrader9861]

Flat 5% tax for all people, regardless of whatever income. That is what needed in India.

[@anubhavsharma90]

Free kaa khaane waale like farmers, minorities(Read it as 2nd majority) , poor (Not so poor, poor in papers only) will burn the country

[@sridharswaminathan5406]

Read indirect tax.... And comment

[@sureshg9086]

Yes sir well said

[@manjunathchinyaramaswamy893]

Mr. Sunder....I have great respect for you. You claim and seem to have come from a humble and poor background and reached heights like this...but unfortunately these conclaves should be for poor and aspiring ones and not for filthy rich ones who want to evade tax and become more rich!!! This is my opinion and being a free indian you can do what you feel right for you!

[@raghavendral]

Not every HNI(or as per you filthy rich indian) is friend of government to evade tax. If you feel they are evading tax complain in the system. Problem is with taxes....taxes.. Education books charged with 18% GST, hospital beds with GST. Some years later there will be tax for living alive.

[@vishalrajyaguru2597]

Total total misleading video. The people surrendering Indian citizenship and passport are those people who have already left India years before as student or work visa abroad, and now they are eligible for citizenship of host country, and so surrendering Indian passport. It is not at all about taxation, PR Sundar who will make money from stock market to buy foreign branded super luxurious unwarranted cars but would not like to pay some money, a micro-part of his money as tax. And it is not taxation but a general pull factor that a developed country has polls the people from developing countries. This is general phenomena but here a propaganda is being deliberately connecting immigration with taxation. Most of the people leaving India go to the US or UK or to those countries only where the taxation is more rigourous than India.

[@DarkfxSupremeSignals]

Indians r making big money with forex trading . As a Indian I am fortunate to build my 4 million usd bank acc ( check my KZbin video on bank balance live proof) .

[@Karthickmasanmasan]

Good video message Sir.

[@sebingeorge4698]

Thanks to Mr.Sundar for making all of us Richie rich by investing in VAULD... now we can leave india🙏

[@DarkfxSupremeSignals]

Indians r making big money with forex trading . As a Indian I am fortunate to build my 4 million usd bank acc ( check my KZbin video on bank balance live proof) .

[@ManojYadav-nt2rm]

TAX are for common people and rich class enjoy all benefits.Better to go and settled outside india for better life

[@KM-rc7ts]

U saying opposite, rich are taxed so much , get no benefits and that tax money is being wasted for freebies on poor to get their votes. In a welfare state free education and medical facilities r already there for last 75 years what is the fun in giving free power, free bus , metro ride , free tirath yatra, free laptop, free mobiles on the expense of tax payer money. Reduce the tax if govt hv surplus money , it shud not be allowed to use fr buying votes. It is rich and middle class who paying 70% of all taxes collected by govt. Abusing super rich and industrialist is communist mind set. Earlier Tata Birla were abused , now Adani Ambani. In US Europe they not abuse their super rich but r respected.

[@vijayaragavan440891]

Thank you sir. You have given one good example of why I gave up my Indian Citizenship without any regret,

[@itz_SahilAhmad]

Now you are the citizen of which country?

[@Sociallyavailable]

I am one among them .. in my family we are two children .. my sister was already settled in UK and I am going to migrate Australia this year .. just because of the tax issues. How much money should I give as tax for the corrupted political parties.. I don't have lot of money but living in india is hard day by day ..

[@gehnastore]

Mr. Sundar, wonderful video, worth watching it. Whatever you mentioned about "over taxation in India" is absolutely correct, Indian government should reform taxation policies. In the video you said "tax should be collected like a honey being plucked by bee from flower, not like a sugar cane juice" it is a great example. If Indian government lower and simplified taxation policies the tax revenue will automatically increase. In present scenario everyone is effected by high taxation.

[@sortalgaming9522]

Hers an example Thers a man who sell 5 samosa proced at 100 rs each.. He profits 50rs/samosa which is 250rs total in profit. And thers another man Who sells 500 samosa at 5rs each. With only 2 rs profit in each samosa. His total profit is 1000rs Indian government will never understand this.

[@VenkateshChowdary99]

Thats 100% true. we do n number of things to make bread n butter for our family which may include being an NRI. End of the day, no matter where we are, our heart is always with INDIA

[@Ash-jh3gh]

NRI- Non reliable Indians

[@pingpong9005]

Well said

[@Maheshkumar-qj2ne]

Your heart does not lie in India but in money... heart does need very little to be healthy... you are always thinking everything with money on mind. If your heart lies in India and if something wrong in India encourage indians to stay here and fight not to run away. Nobody wants to clean the mess, but everyone wants it clean. US is highly taxed country, but everyone wants to be in US why???

[@soothing-music]

Please note India is growing despite some people leaving the Country. PR Sundar people like you make Who make money in India and after making millions start thinking like westerners and have no sense of patriotism....

[@khunii2188]

If PR will be attacked in other country, he will make crying videos asking India to help him out.

[@e.sanoop110]

Nice vdo. Govt must urgently relook into the GST system and simplify to the maximum way possible and people should not get angry and frustrated trying to understand GST and while filing returns. If Simplicity is maintained in all govt works and policies, that will encourage more investments from the world. 😎😎😎

[@RajrkSunny]

Govt is urgenty looking to increase tax I think this is because same number of people are leaving India in next couple of years...

[@iNVEST4WEALTH]

Japanese people never migrate or even think of moving out of their country, though they all can migrate to live in any country by giving up their citizenship. Japanese r so patriotic, for them nation is above an individual. They feel proud to use and buy just their own Japanese brands. Japanese people will only go abroad to travel or to work in their own Japanese company based in other country. I heard South Koreans hv a same patriotic mindset. That has helped them to grow and develop as well as preserve their all national interests and cultural identity. Good for Indians to learn patriotism from Japanese people.

[@jayeshlambore998]

😂😂Bhakt

[@craigslist1323]

Japan does as much as possible to it's citizens and the citizens give back. Start introducing corruption, reservation and inefficiency and japanese will escape in no time

[@spider6660]

Japan is Ok, but South Koreans are migrating to the US, Canada and Australia because of their extreme work culture.

[@selvasamy5819]

There is no social justice in this country. Majority of those who migrated should be from upper castes. If you could publish this statistics it will throw more light in this issue.

[@iamnothing143]

@@abhisurs When there will be no rich from where the government will collect tax and distribute in poor. So don't be blind and face the reality.

[@qatopik]

Hi when is your conference in Dubai?? Is it already over? Can you please let me know the details..

[@avinashmirajkar769]

Absolutely Sir.... The increase in taxation rate is making volatile to common man as well as traders..... Thank You for the honest review.

[@DarkfxSupremeSignals]

Indians r making big money with forex trading . As a Indian I am fortunate to build my 4 million usd bank acc ( check my KZbin video on bank balance live proof) .

[@stephenvalerinedsilva7739]

Sir I am aged 59 living on reasonable pension. Daily I am seeing your videos. Actually I am in great bad debt which is highly affecting my body and mind. The question is if I invest small sum in stock market every month for 5 years, could there be any use or should I quit thinking of it permanently. Please help to give suitable advice 🙏.

[@JayantaChatterjeeweb]

The freedom has deteriorated in india over the last few years, also tax burden has increased with more and harassment by Government official increased

[@DarkfxSupremeSignals]

Indians r making big money with forex trading . As a Indian I am fortunate to build my 4 million usd bank acc ( check my KZbin video on bank balance live proof) .

[@SHASHANKbeta]

Yeah you are enjoying freedom under Mumtaz Begum, right.

[@ashishtiwari1912]

There is no country with absolute freedom. What freedom do you want btw?

[@StanDaManReviews]

I have 1 crore Rs only, is it advisable to move to Dubai to do trading ? I'm only afraid of Dubai's high cost of living standards.

[@4dollyy]

In canada Toronto the real estate prices have gone up abnormally..

[@jijiampattu]

well and honestly said. Thank you Sir

[@Bala-zw1lk]

Good topic, this will change only when people elect a good leader who have great plans for the future of this country.

[@dinshak86]

E.g. In India, A Toyota Fortuner is ready by the Manufacturer for 5-6Lacs, Retailer earns another margin of 1-2 Lacs, Final Customer pays 25-30Lacs. Majority of the money is drained in tax to the govt. Post that the govt has regressive laws of scrapping after 15 yrs age of the car, indirectly you are forced to buy a new car irrespective of the condition of your asset. Abroad people buy their dream car/bike and preserve it as a memento for their retirement, they resale it as antique or high value. We can't do it here in India.

[@imnothing2infinite]

I don't want to change my citizenship but the taxation is sucking 🙂

[@vishalrajyaguru2597]

Total total misleading video. The people surrendering Indian citizenship and passport are those people who have already left India years before as student or work visa abroad, and now they are eligible for citizenship of host country, and so surrendering Indian passport. It is not at all about taxation, PR Sundar who will make money from stock market to buy foreign branded super luxurious unwarranted cars but would not like to pay some money, a micro-part of his money as tax. And it is not taxation but a general pull factor that a developed country has polls the people from developing countries. This is general phenomena but here a propaganda is being deliberately connecting immigration with taxation. Most of the people leaving India go to the US or UK or to those countries only where the taxation is more rigourous than India.

[@manjunath7497]

@@vishalrajyaguru2597 u r misleading 😁. He didn't mention about student visa! In India u pay tax and benifit is just peanut.

[@vishalrajyaguru2597]

@@manjunath7497 he is categorically saying that people leaving Indian citizenship are because of tax. I am saying, those people Who left India on student visa or work visa before many years now eligible for foreign citizenship. Perhaps you don’t know that to get citizenship of many developing countries, first you need to surrender your Indian passport and citizenship.. read whole comment and try to understand it in right context. Your life and property is safe in India. You Are able to move easily from one place to another. You are able to live peaceful and decent life in India. This is all because of our tax. So don’t say that benefit against tax is meagre.

[@chennareddyindla2349]

The reason for abnormal increase in real estate is black money, in Karnataka adjacent to national highway the land cost is 2 to 5 crores. The registration cost is 4 lakhs. So the officials or high income business men buy 5 acres for 10 crores and shows 20 lakhs where 9.60 crores saving. If government buy the land and sells they get registered charges as well as capital gains.

[@Shimla.Serenity]

Nearing 1.4 billion, a few lakh people leaving is hardly a matter for research. Anyway we Indians have a long history of migrating for economic reasons. Traders will come back when they loose capital. Spending old age days will be much cheaper for them in India. Pendulum aways swings back to its original position, sooner or later.

[@BalamuraliPandranki]

A lakh people with one crore each is a lakh crore 😅

[@spartan5816]

Let me rephrase to put some perspective here. Lakhs of top 1% of 1.4billions are leaving india.

[@priortokaraew7569]

It's only a few lakh people that pay income tax in all of India.

[@89aadityanair11]

@@spartan5816 exactly and even if they return to India in their old age they are dependent population and cannot contribute economically

[@89aadityanair11]

@@BalamuraliPandranki even emerging talents from IITs and IIMs are also leaving

[@warthog123]

Excellent analysis. Are you doing consulting for trading in US market for US based NRI?

[@tryforpavan05]

Really Sir, I dont know why the Govt is burdening Retailers with heavy taxes....

[@hermanirascible3310]

‘Taxation must be like taking honey from flower’ is I believe contained in Arthashastra !

[@ravikataria1355]

These old aged politicians will die in next 10-15 years and new era will come up with new thoughts...hope things will improve then.

[@AjithPrasadEdassery]

Unfortunately the video is more from traders' point of view and a reasoning to promote more unregulated markets. We have numerous other important issues in this country than just taxation on trading income and trading charges.

[@mekailazh]

What do you expect from a FO trader

[@MrJasbirsingh11]

@@mekailazh typical andhbakth

[@AjithPrasadEdassery]

@Pradeep P M You earn more, you pay more taxes. Period. I paid tax throughout my life, and I know I cannot get a developed country like infrastructure, social benefits and law & order in a developing country with 30% illiterates and (optimistic estimate wise) 25% under poverty line. I am willing to wait for positive changes. And I don't have any sympathy for those millionaire traders who have to pay more taxes.

[@sailormani]

@Pradeep P M I'm of the opinion tax base is pretty low(3% pop pays tax), but tax are important as development is happening at a breakneck speed. moreover we have a formidable enemy at our borders which makes for huge def spending & state owned cos do not produce anything substantial.. Govt wanted to make Agnipath scheme a lean & mean army, but look at the opposition..

[@VLearnhub76]

@@sailormani Salaried class carry the burden of taxation while other business classes avoid tax even though they earn more. So where is the reasonableness ?

[@sharathmanya8964]

It is very frustrating for salaried people... The ones who are actually paying taxes... And on the other side, there are public servants including politicians hoarding money which should have improved our economy further... And while they hoard money, ultimately inflation sets in, especially in Real estate... Somewhere somehow the system should change...

[@phanisarma1979]

Hello sir, huge fan. have been following your channel for long time. On this topic of taxation, trading - could you please make a video on what options are available for Traders who want to create a seperate LLC or LLP to save on taxes. What are the pros vs cons. Registering firms across geographies etc. Thank you !

[@DarkfxSupremeSignals]

Indians r making big money with forex trading . As a Indian I am fortunate to build my 4 million usd bank acc ( check my KZbin video on bank balance live proof) .

[@Trading_psychologist7]

Ye jo des hai tera Swades hai tera Tujhe hai pukaara... Ye woh bandhan hai jo kabhi toot nahin sakta Mitti ki jo khushboo Tu kaise bhoolaayega Tu chaahe kahin jaaye Tu laut ke aayega🇮🇳

[@arghadey1828]

One day i will be a option seller like you.

[@NoName-qg5iz]

Your words hitted... Billionaire Rakesh Jhunjunwala left us permanently 😢

[@ShivaPrasad-nm7zp]

A vast majority of people who leave the country for higher education or for better opportunities abroad have love for their motherland and miss many things that were dear to them once. They send money and support their families they have left forcefully behind. Repatriations by the Indian diaspora indeed form an important component of our foreign exchange reserves. People who flee the country fearing high tax rates are a different breed. They just want to protect their capital they have earned . Many in fact may opt to stay and operate from India even after they obtain an alien country's citizenship. They may in fact have chosen not to be dishonest, a feeling every right thinking citizen abhors to entertain. The government must not only rationalise the tax regime, it must also create an environment conducive for our brethren to return to their homeland and contribute constructively in nation building utilising their talent and resources they garnered during their stay abroad. Also needed is a pinch or pound of patriotism which is clearly deficient in most of us. In this respect the government's recent initiative of democratising national flag availability and "Har ghar Thiranga" campaign must be lauded as it can instil a sense of patriotism in the minds of common man and most importantly amongst children

[@vishalrajyaguru2597]

Total total misleading video. The people surrendering Indian citizenship and passport are those people who have already left India years before as student or work visa abroad, and now they are eligible for citizenship of host country, and so surrendering Indian passport. It is not at all about taxation, PR Sundar who will make money from stock market to buy foreign branded super luxurious unwarranted cars but would not like to pay some money, a micro-part of his money as tax. And it is not taxation but a general pull factor that a developed country has polls the people from developing countries. This is general phenomena but here a propaganda is being deliberately connecting immigration with taxation. Most of the people leaving India go to the US or UK or to those countries only where the taxation is more rigourous than India.

[@burgersnake6335]

I'm glad your channel is still on KZbin after this video

[@varadharaj7568]

People who suffer because of discrimination like caste, religion feel the same to feel some equality. That's should be the primary thing to think.

[@surjit2412]

India takes 12.5 custom on gold while in USA you just need to declare..

[@Sreekumar_Klm]

Real estate prices are down after 2013 and it has not recovered yet and there is less chance of near term recovery. Prices quadrupled between 2003 and 2013, then consolidated. Regarding higher taxation, Indians among the lowest percentage of income tax payers ( only 6.25 % ) compared to 45 per cent of Americans paying tax. So the govt can raise revenue only by higher indirect taxes like GST. Taxes on stock market investment is higher in India but most of the people left India not solely because of this reason, and there may be for other causes like job / business opportunities, better living conditions etc. As a country we have improved a lot in all areas and there is more room to grow. We will become a10 trillion economy with 10 K per capita income in the near future, and that is time these peoples will be start coming back and settling in india.

[@pingpong9005]

Check real estate prices in greater noida and u will find prices have multiplied by 3.5 times since 2013....every state has different situations..some where stagnant..some where negative like delhi...some where abnormally increased.

[@vinubaby1]

stop boasting of the trillion economy. Lets revist what we have received after being in billion $ economy. Real estate not recovered after 2013?? you must be kidding. Go check any of the premium project in chennai and bangalore which are laying empty after the construction. 45% Americans pay tax, and what all do they get in return from the govt? any idea? When was the last time you entered the compound of a govt school, govt hospital?

[@mochcha]

@@pingpong9005 no.. They have not.. U check greater noida prices... It has not even doubled.. The appreciation has not been able to keep pace even with inflation..

[@pingpong9005]

@@mochcha u r wrong here...i bought in delta sector @18000 in dec 2012...now pls check with property dealer whats the current price

[@vickydemta8546]

Sir....very straight forward and honest..

[@vht_88]

Population Housing Prices Competition Living Standard

[@shalinmodi6748]

Even more worrying thing is Brain Drain which is happening. It's better to be waiter in Canada or US rather than doing MBA and working in Tire1 city. Even waiter in US or Canada enjoys better quality of life than well educated Indian. At the end of the day what matters is money.

[@indiantechie7309]

Very true sir...all IIT AMD IIM are helping more foreign companies then Indian...all want to get the degree and say goodbye .. 😃😃

[@DarkfxSupremeSignals]

Indians r making big money with forex trading . As a Indian I am fortunate to build my 4 million usd bank acc ( check my KZbin video on bank balance live proof) .

[@sandeepchauhan5122]

Don’t think what ur country is giving you..rather think on what you are giving to your country. ‘Dil diya hai jaan bhi denge aey watan tere liye’ Developed country is made by their own people and all we want is to enjoy their efforts and not interested to put efforts in our own nation building

[@ROHANKUMAR-re2lu]

Sir i only earn 4 .5 lakh annually, but my half salary goes in tax in one way or other

[@errkggift]

Chuti ya he laude .. below 5 lakhs zero tax … jhantu kahan se aya he

[@Avi-tq6fd]

Thats impossible.

[@Lionforge2]

Actually main problem I see in real world is govt officials are thinking they r king and business man and all like nothing bcz Obivously govt gives them power like king

[@bengaluruVines]

India is a very big country with a big population. We are a developing country with so much poverty. Also we have two big enemies on either sides. To look after such a huge population, to strengthen our security establishment we need a lot of money and resources. Without taxation it's no easy to manage. By paying tax you are contributing the most than anybody. Leaving a country just that you have to pay tax is absurd. Earn more instead. Sundar sir donated so much during covid. When he can do we all also can do. I don't know why Sundar sir is doing such thing.

[@radhakrishnannair6507]

Common people doesn't like millionaires and hate them.P R Sunder sir also don't like them. That is why they are leaving. When common people start loving them they will come back.

[@577917]

Sir I am NRI since 27 yrs and I hve NRI PIS DMAT account ..My earnings in stocks there will be no SHORT TERM OR LONG TERM TAX ??

[@asofotida443]

Tax is just as high in USA, Canada even more, Germany very high, most EU countries very high. Also medical facilities are much better in India and same is for education. I have lived in US and also in UK, most friends and I always postponed doctor visits and operations till we came for holidays in India. Why is Silicon Valley full of Indians ? Because they got the right attitude to life living in India. I pity people who make all their life decisions on basis of money alone, these are the truly lost souls.

[@anandbharti7735]

Do you know about RESERVATION for getting good seats in good colleges??

[@vinayyadatinagaraj2509]

I live in Germany. Taxes are high but we do get benefits from government. Free education for children till the age of 16. Free kindergarten for children, free health care (although need to wait for appointments if it's no emergency), free doc consultation, medicines and medium level surgeries since you pay health insurance. Public transport one of the best in cities so you tend to walk more and spend less on fuel and cars and thereby keeping you healthy. And most importantly good work-life balance where employers don't treat you like criminals for taking leaves. It's a no brainer really.

[@ronaldinojikri5682]

@@anandbharti7735 yes, my son came 4th in school, if you work hard you can get anywhere.

[@ronaldinojikri5682]

@@vinayyadatinagaraj2509 And still get 3rd rate treatment from Germans. Don’t deny it, EU is full of racism. Anyway, if you are living life solely on 100% materialistic terms, go ahead, but most Indians living abroad don’t have any real sense of identity, they are totally confused about what to do … go back to India or stay here with their 4-5 families as friends. Indians never integrate into the culture, and why should they? Western culture is a useless culture, teens having sex at age of 12?

[@asofotida443]

@@anandbharti7735 Do you know there is unofficial reservations for females in all corporate jobs? A man sent his resume to 100 companies and got 3 responses. He then posed as a female with same educational qualifications and applied in same 100 companies and got 88 responses? This started in US and is now happening in India also. All the best to you sir, all over there is a lot of unfairnesses but in between this mess, I prefer to live among my family and fellow Indians.

[@surendrapatel5787]

We r 130 cr people, our biggest strength is educatied manpower, so we should export it,and for this much population few lakh leaving is not a problem.

[@vinodkumarpadmanabha8034]

My younger brother studied Medicine and father strived hard for him. He left as soon as graduation in 1973 to America. Soon he married a girl there and forgot everything else. He has been there, since. My daughter went to America in 2008 and got Green Card some years ago. For me my Country Bhaarat is Supreme despite so called anomalies. The British extracted from Bhaarat everything like Sugar cane, not like the Bee. The erstwhile regime of thieves have simply looted like their predecessors to devastate the poor toiling masses. But Modiji is striving hard to lead Bhaarat to Glory and Fame. Let those miniscule haters go away. My Nation progressing FAST and also transforming. Just understand our Market is attracting huge Premium over others, why?

[@pradeepupadhyay1980]

Andh bhakt

[@imboring7088]

The govt just slapped 30% tax on cryptos without even ensuring Full legalisation to it.