India considers shifting dividend tax to investors from companies

Bloomberg

India is considering changes to its dividend distribution tax, according to people with knowledge of the matter, in a bid to goad companies to boost spending and revive foreign fund inflows.
The budget statement due in February may include a proposal to tax dividends once they are paid to shareholders, rather than the current system where the company pays the levy,
the people said, asking not to be identified as the deliberations are private.
The move would be the latest in a series of steps from the Prime Minister Narendra Modi’s government to prop up growth from the lowest in six years.