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Amazon (And Others) Brace For India’s New eCommerce Tax

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Minister of Finance Nirmala Sitharaman said the exemption is being put into place “to provide relief to small businessmen” who fall under that revenue threshold, as well as furnish personal account numbers and Aadhaar. The law allows for fines of more than $5,000 per violation. ‘Rent-A-Bank’ Practices Examined.

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Transcript: Robert Koenigsberger

Barry Ritholtz

KOENIGSBERGER: So I did my study on that, and I got fortunate enough to meet a gentleman who had been the Finance Minister of Peru. Bank of America decided they wanted to sell their branch in Lima, Peru, and the price tag was a million dollars. RITHOLTZ: Sure. He’d been the head of Wells Fargo International. I said, great.

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Transcript: Angus Deaton

Barry Ritholtz

I mean the corn laws, which were, you know, you had an aristocratic land owning class who passed the corn laws to keep the price of grain up. We just passed a law here that capped insulin for, I wanna say Medicaid recipients. Tag on top of that for healthcare. And of course you get that in Britain too.

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Transcript: Howard Lindzon

Barry Ritholtz

RITHOLTZ: Read Sebastian Mallaby’s book on, on “The Power Law: Venture Capital” million dollar deals were literally done on a handshake. I can either just give it away for free, which, you know, I started the cash tag dollar sign… RITHOLTZ: Right. Hey, I’ll come by Monday for a check. Some days I’m like, wow.

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