ETBudget Roundtable | STT and dividend double taxation need a review, says WhiteOak’s Aashish Somaiyaa

As Budget 2026 approaches, WhiteOak CEO Aashish Somaiyaa says the focus should shift from headline reforms to fixing structural market frictions. He argues that the current securities transaction tax and dividend taxation framework amounts to double taxation and needs review. Somaiyaa also highlights Atmanirbhar Bharat as a continuity-led strategy, explains the cyclical nature of FII flows, and stresses that macro stability will drive foreign investor confidence.