Startup India: Time to change the 'nuisance' capital gains tax

Startup India: Time to change the 'nuisance' capital gains tax

Rajan Govi,lco-founder Marketnomix Research. He has worked as an economist with the International Monetary Fund (IMF) and as an economist/investment strategist with HSBC and BSI Bank as well as a Global Asset Allocator at BSI Bank. He has taught at Delhi University, IMF Institute, Indian Institute of Management Bangalore and Vanderbilt University.

We, as a country, need to rethink capital gains taxes on venture capital and private equity. These ‘nuisance taxes’ are inhibiting investment and development of Indian startups, reducing foreign and domestic technology, capital inflows, job creation and hurting overall economic and government revenue growth.

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