India’s super-rich a taxing issue

Raging bull: The head of Lamborghini India Sharad Agarwal (left) and managing director of Lamborghini Bangalore T.S. Sateesh presenting the Lamborghini Huracan 610-4 Spyder during its launch in Bangalore. — AFP

DELHI: Lamborghini rolled out its new US$580,000 (RM2.36mil) supercar onto the streets of India this month, but local millionaires tempted to buy the flashy convertible could hit a bump in the road thanks to the taxman.

Prime Minister Narendra Modi has vowed to crack down on tax avoidance – notorious in India especially among the super rich – to tackle yawning inequality in the world’s second-most populous nation.