Budget 2026: Govt should avoid hiking surcharge on super-rich, reviving wealth tax; why experts warn of capital flight

Tax experts are advising the government against increasing income tax surcharges or reintroducing a wealth tax in the upcoming budget. They warn that such measures could lead wealthy individuals to relocate to low-tax jurisdictions, negatively impacting investment and job creation in India.

Budget 2026: Govt should avoid hiking surcharge on super-rich, reviving wealth tax; why experts warn of capital flight
Tax experts are advising the government against increasing income tax surcharges or reintroducing a wealth tax in the upcoming budget. They warn that such measures could lead wealthy individuals to relocate to low-tax jurisdictions, negatively impacting investment and job creation in India.