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This is insane! Indian Government will tax startups 32.5% on any angel funding received. But, they give tax holidays to larger companies under SEZ scheme. It
by RealGeek 15y ago
This is insane!
Indian Government will tax startups 32.5% on any angel funding received. But, they give tax holidays to larger companies under SEZ scheme.
It can be cheaper and more viable for Indian startups to incorporate in Singapore or US.
- pagekalisedown 15y agoSmall companies can't lobby the way large companies do. This is why many democracies aren't pro-business as they would let you believe. They're pro-big business. An important distinction.
- mjwalshe 15y agoProbably a hold over from the technocratic centrally planed socialist economy of the 70's. Taxing capital investment is an insane idea I expect the Lib Dem part of the ConDem coalition to be lobbying for it (in order to bribe the mums net members whos family income is > $120k with tax credits) I am only slightly joking about the last part.
- meric 15y agoHow does that help them at all? You'd think those "mums" would be have been potential investor for her son who studied in the US and returned to start a company?! (or another child starting up a corner store.) Now the government is planning to tax the money she invests in him!
- mjwalshe 15y agoIt's a reference to the way in the UK "hardworking families" as complaining about losing some tax benefit when they have 3x4 times the median income. Of course this is paid for by taxing single people (and potentialy pensioners with large houses) and screwing sevely disabled peopels benefits - Including forcing Termanaly ill cancer patients to work for free for large supermatkets.