India scraps ‘angel tax’ in boost to startups

India’s federal government has axed the contentious “angel tax” for all classes of investors, delivering a major victory to the country’s booming startup ecosystem after years of intense lobbying against the measure. “To bolster the India startup ecosystem, to boost entrepreneurial spirit and support innovation I propose abolishing angel tax for all classes of investors,” […] © 2024 TechCrunch. All rights reserved. For personal use only....